United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 4.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 37,660 shares of the transportation company’s stock after purchasing an additional 1,759 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in United Airlines were worth $3,657,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in UAL. CWM LLC raised its position in United Airlines by 79.5% during the third quarter. CWM LLC now owns 13,607 shares of the transportation company’s stock worth $776,000 after acquiring an additional 6,027 shares during the period. Exchange Traded Concepts LLC acquired a new position in United Airlines during the third quarter worth $344,000. Creative Planning raised its position in United Airlines by 16.5% during the third quarter. Creative Planning now owns 132,807 shares of the transportation company’s stock worth $7,578,000 after acquiring an additional 18,767 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in United Airlines by 19.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,928 shares of the transportation company’s stock worth $338,000 after acquiring an additional 982 shares during the period. Finally, V Square Quantitative Management LLC raised its position in shares of United Airlines by 16.3% in the third quarter. V Square Quantitative Management LLC now owns 7,527 shares of the transportation company’s stock valued at $429,000 after buying an additional 1,057 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the sale, the executive vice president now directly owns 63,599 shares in the company, valued at $6,049,536.88. The trade was a 48.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group increased their target price on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Raymond James reiterated an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Susquehanna increased their target price on shares of United Airlines from $120.00 to $130.00 and gave the company a “positive” rating in a research report on Tuesday, February 4th. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Sanford C. Bernstein increased their target price on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $113.88.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $100.89 on Friday. The firm has a market capitalization of $33.18 billion, a P/E ratio of 10.70, a PEG ratio of 0.71 and a beta of 1.43. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The company’s fifty day moving average is $102.29 and its two-hundred day moving average is $76.78. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period in the previous year, the firm earned $2.00 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts forecast that United Airlines Holdings, Inc. will post 13.09 EPS for the current fiscal year.

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, flight academy, and maintenance services for third parties.