Simon Quick Advisors LLC acquired a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,524 shares of the transportation company’s stock, valued at approximately $520,000.
Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of United Airlines by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,520,643 shares of the transportation company’s stock worth $105,000,000 after purchasing an additional 16,477 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in United Airlines by 147.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,113 shares of the transportation company’s stock valued at $1,113,000 after purchasing an additional 9,604 shares during the last quarter. Deutsche Bank AG lifted its position in United Airlines by 10.5% during the first quarter. Deutsche Bank AG now owns 1,395,615 shares of the transportation company’s stock valued at $96,367,000 after purchasing an additional 132,373 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in United Airlines during the first quarter valued at approximately $577,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in United Airlines during the first quarter valued at approximately $12,592,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on UAL. Jefferies Financial Group upped their target price on United Airlines from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $140.00 target price on shares of United Airlines in a research note on Friday, October 17th. Evercore ISI upped their target price on United Airlines from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Wall Street Zen raised United Airlines from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Finally, Barclays lifted their price objective on United Airlines from $115.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $124.93.
Insider Buying and Selling
In other United Airlines news, Director Barney Harford sold 15,823 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $90.03, for a total transaction of $1,424,544.69. Following the transaction, the director owned 89,000 shares in the company, valued at approximately $8,012,670. This represents a 15.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kate Gebo sold 29,953 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $97.59, for a total value of $2,923,113.27. Following the transaction, the executive vice president owned 45,496 shares in the company, valued at $4,439,954.64. This trade represents a 39.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 61,119 shares of company stock worth $5,847,907 in the last quarter. Company insiders own 0.71% of the company’s stock.
United Airlines Trading Up 0.7%
UAL opened at $94.04 on Friday. The business has a 50 day simple moving average of $101.21 and a two-hundred day simple moving average of $88.58. The firm has a market capitalization of $30.44 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.89 and a beta of 1.45. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.67 and a quick ratio of 0.61. United Airlines Holdings Inc has a one year low of $52.00 and a one year high of $116.00.
United Airlines (NASDAQ:UAL – Get Free Report) last released its quarterly earnings results on Wednesday, October 15th. The transportation company reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.13. The business had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.31 billion. United Airlines had a return on equity of 26.94% and a net margin of 5.64%.United Airlines’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.33 EPS. United Airlines has set its Q4 2025 guidance at 3.000-3.500 EPS. Analysts predict that United Airlines Holdings Inc will post 12.96 EPS 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.
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