New York Life Investment Management LLC Has $4.19 Million Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

New York Life Investment Management LLC raised its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,145 shares of the transportation company’s stock after buying an additional 323 shares during the period. New York Life Investment Management LLC’s holdings in United Airlines were worth $4,189,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new position in shares of United Airlines in the fourth quarter valued at about $25,000. Hemington Wealth Management increased its position in United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 131 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of United Airlines in the fourth quarter worth about $32,000. Whipplewood Advisors LLC acquired a new position in shares of United Airlines during the fourth quarter worth approximately $32,000. Finally, Winch Advisory Services LLC bought a new stake in shares of United Airlines during the fourth quarter valued at approximately $38,000. 69.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group upped their price objective on United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Barclays upped their price target on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Morgan Stanley upped their target price on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted 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. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $113.88.

United Airlines Stock Performance

UAL stock opened at $93.81 on Friday. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm has a market cap of $30.85 billion, a PE ratio of 9.95, a P/E/G ratio of 0.67 and a beta of 1.43. The business’s 50-day moving average price is $103.00 and its two-hundred day moving average price is $81.64.

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