Sumitomo Mitsui DS Asset Management Company Ltd Has $241,000 Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 8.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,946 shares of the transportation company’s stock after acquiring an additional 387 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in United Airlines were worth $241,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wahed Invest LLC raised its stake in shares of United Airlines by 13.7% in the 1st quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 192 shares during the period. Smith Anglin Financial LLC raised its position in United Airlines by 3.1% in the 1st quarter. Smith Anglin Financial LLC now owns 7,043 shares of the transportation company’s stock valued at $337,000 after buying an additional 215 shares during the last quarter. Mather Group LLC. lifted its stake in United Airlines by 26.6% in the 2nd quarter. Mather Group LLC. now owns 1,174 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 247 shares in the last quarter. UMB Bank n.a. boosted its position in United Airlines by 59.7% during the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after acquiring an additional 255 shares during the last quarter. Finally, Czech National Bank grew its stake in shares of United Airlines by 0.5% during the 1st quarter. Czech National Bank now owns 57,714 shares of the transportation company’s stock worth $2,763,000 after acquiring an additional 271 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UAL has been the topic of a number of research reports. HSBC initiated coverage on shares of United Airlines in a research report on Monday, May 13th. They issued a “buy” rating and a $69.20 price objective on the stock. Wolfe Research upgraded shares of United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research note on Friday, May 17th. TD Cowen lifted their target price on United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Citigroup upped their target price on United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Thursday, June 6th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.68.

United Airlines Stock Up 3.3 %

UAL stock opened at $44.04 on Monday. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $56.17. The business’s 50 day simple moving average is $44.67 and its 200 day simple moving average is $47.09. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $14.48 billion, a PE ratio of 5.44, a PEG ratio of 0.71 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.97 by $0.17. The firm had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $15.04 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $5.03 earnings per share. As a group, research analysts anticipate that United Airlines Holdings, Inc. will post 9.63 EPS for the current 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.