Prudential Financial Inc. Purchases 879,992 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Prudential Financial Inc. grew its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 310.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,163,709 shares of the transportation company’s stock after buying an additional 879,992 shares during the period. Prudential Financial Inc.’s holdings in United Airlines were worth $112,996,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Boston Partners purchased a new stake in United Airlines in the fourth quarter valued at about $323,508,000. Castle Hook Partners LP raised its position in shares of United Airlines by 176.1% in the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after purchasing an additional 2,707,442 shares during the last quarter. Rubric Capital Management LP purchased a new stake in United Airlines during the 3rd quarter worth approximately $63,486,000. Sanders Capital LLC increased its stake in United Airlines by 12.4% during the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after purchasing an additional 1,040,589 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of United Airlines by 1,492.8% in the fourth quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company’s stock worth $88,557,000 after buying an additional 854,759 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on UAL shares. Bank of America cut their target price on United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. TD Cowen raised their price objective on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Barclays set a $140.00 target price on United Airlines and gave the company an “overweight” rating in a research report on Wednesday, March 12th. JPMorgan Chase & Co. raised their price target on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $130.00 price objective (up from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $112.75.

United Airlines Trading Up 7.1 %

UAL stock opened at $80.22 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The company’s 50-day simple moving average is $96.04 and its 200-day simple moving average is $85.95. The firm has a market cap of $26.26 billion, a P/E ratio of 8.51, a PEG ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. United Airlines’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.00 earnings per share. As a group, equities analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

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.