Vanguard Personalized Indexing Management LLC Buys 4,865 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Vanguard Personalized Indexing Management LLC grew its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 12.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,545 shares of the transportation company’s stock after buying an additional 4,865 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in United Airlines were worth $2,149,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of UAL. Virtu Financial LLC purchased a new position in United Airlines in the 2nd quarter worth about $1,841,000. Edgestream Partners L.P. grew its stake in shares of United Airlines by 94.5% during the 2nd quarter. Edgestream Partners L.P. now owns 12,733 shares of the transportation company’s stock valued at $620,000 after acquiring an additional 6,185 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of United Airlines by 29.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock valued at $272,559,000 after acquiring an additional 1,263,604 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in United Airlines by 2.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 311,092 shares of the transportation company’s stock worth $15,138,000 after purchasing an additional 8,231 shares during the period. Finally, Federated Hermes Inc. boosted its stake in United Airlines by 16,098.1% in the 2nd quarter. Federated Hermes Inc. now owns 8,585 shares of the transportation company’s stock worth $418,000 after purchasing an additional 8,532 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Trading Down 0.8 %

UAL opened at $52.17 on Friday. The business’s 50-day simple moving average is $44.98 and its 200-day simple moving average is $47.52. The company has a market cap of $17.15 billion, a P/E ratio of 6.45, a PEG ratio of 1.08 and a beta of 1.43. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.71 and a current ratio of 0.77. United Airlines Holdings, Inc. has a one year low of $33.68 and a one year high of $56.17.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.97 by $0.17. The company had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $5.03 EPS. As a group, equities research analysts expect that United Airlines Holdings, Inc. will post 9.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on UAL shares. Jefferies Financial Group upgraded United Airlines from a “hold” rating to a “buy” rating and increased their target price for the company from $54.00 to $65.00 in a research report on Wednesday, May 29th. Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Thursday, June 6th. TD Cowen raised their price target on United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Citigroup lifted their target price on United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.68.

United Airlines Profile

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.