Farther Finance Advisors LLC Purchases 3,481 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Farther Finance Advisors LLC lifted its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 211.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,128 shares of the transportation company’s stock after acquiring an additional 3,481 shares during the quarter. Farther Finance Advisors LLC’s holdings in United Airlines were worth $498,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp raised its holdings in United Airlines by 0.8% in the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after purchasing an additional 78,470 shares in the last quarter. Sanders Capital LLC raised its holdings in United Airlines by 12.4% in the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock worth $539,650,000 after purchasing an additional 1,040,589 shares in the last quarter. Geode Capital Management LLC raised its holdings in United Airlines by 2.1% in the third quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock worth $477,526,000 after purchasing an additional 168,498 shares in the last quarter. Castle Hook Partners LP raised its holdings in United Airlines by 176.1% in the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock worth $242,227,000 after purchasing an additional 2,707,442 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in United Airlines by 41.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock worth $177,604,000 after purchasing an additional 908,558 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on UAL. Barclays set a $140.00 price target on United Airlines and gave the stock an “overweight” rating in a research note on Wednesday. Raymond James restated an “outperform” rating and set a $130.00 price target (up previously from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. UBS Group boosted their price target on United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Finally, Melius Research upgraded United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, United Airlines currently has a consensus rating of “Buy” and an average target price of $114.95.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $73.67 on Monday. The business’s 50 day moving average price is $99.44 and its 200 day moving average price is $84.65. The firm has a market cap of $24.12 billion, a P/E ratio of 7.81, a P/E/G ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. 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 (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the previous year, the company posted $2.00 earnings per share. United Airlines’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, sell-side analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

United Airlines Company 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.