LPL Financial LLC raised its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 160,610 shares of the transportation company’s stock after purchasing an additional 9,597 shares during the quarter. LPL Financial LLC’s holdings in United Airlines were worth $8,813,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of UAL. Solstein Capital LLC acquired a new position in United Airlines in the second quarter valued at $27,000. Clear Street Markets LLC boosted its holdings in shares of United Airlines by 101.8% in the first quarter. Clear Street Markets LLC now owns 642 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 36,811 shares in the last quarter. Global Trust Asset Management LLC purchased a new stake in shares of United Airlines in the second quarter valued at about $33,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of United Airlines by 58.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 595 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 220 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of United Airlines in the first quarter valued at about $35,000. 70.37% of the stock is currently owned by institutional investors and hedge funds.
United Airlines Stock Up 2.7 %
Shares of NASDAQ UAL opened at $34.80 on Tuesday. United Airlines Holdings, Inc. has a 12-month low of $33.68 and a 12-month high of $58.23. The company has a market capitalization of $11.41 billion, a PE ratio of 4.04, a price-to-earnings-growth ratio of 0.07 and a beta of 1.44. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.89 and a quick ratio of 0.82. The firm’s 50-day moving average is $43.13 and its two-hundred day moving average is $48.31.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on UAL shares. Citigroup lowered their target price on shares of United Airlines from $76.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, October 19th. Barclays decreased their price objective on shares of United Airlines from $80.00 to $60.00 in a report on Thursday, October 5th. Morgan Stanley decreased their price objective on shares of United Airlines from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Monday, October 2nd. TheStreet raised shares of United Airlines from a “c” rating to a “b-” rating in a report on Wednesday, July 19th. Finally, Evercore ISI decreased their price objective on shares of United Airlines from $65.00 to $58.00 and set an “in-line” rating on the stock in a report on Monday, August 28th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, United Airlines has an average rating of “Moderate Buy” and a consensus price target of $64.87.
About United Airlines
United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties.
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