5 Best Airline Stocks to Buy Now

3. United Airlines Holdings, Inc. (NASDAQ: UAL)

Number of Hedge Fund Holders: 38

United Airlines Holdings, Inc. (NASDAQ: UAL) is a company providing transportation services in the US and internationally, through its subsidiaries. It transports people and cargo and also sells fuel. The company ranks 3rd on our list of the best airline stocks to buy now.

On June 10th, Bloomberg reported that United Airlines Holdings, Inc. (NASDAQ: UAL) is considering the purchase of at least 100 737 MAX jets from Boeing, while the company is trying to upgrade its fleet. The report led to the stock rising in its aftermath. In its first-quarter report, United Airlines Holdings, Inc. (NASDAQ: UAL) reported EPS of -$7.5 versus estimates of -$7.12 and revenue was $3.22 billion. The stock gained 24.65% in the past 6 months and 31.92% year to date.

By the end of the first quarter of 2021, 38 hedge funds out of the 866 tracked by Insider Monkey for the quarter held stakes in United Airlines Holdings, Inc. (NASDAQ: UAL). The total value of their stakes was roughly $1.02 billion. This is compared to 52 hedge funds holding stakes in the company worth about $1.09 billion.