Sequoia Financial Advisors LLC Raises Stake in United Airlines Holdings Inc $UAL

Sequoia Financial Advisors LLC increased its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 26.2% in the second quarter, Holdings Channel reports. The firm owned 23,613 shares of the transportation company’s stock after acquiring an additional 4,903 shares during the period. Sequoia Financial Advisors LLC’s holdings in United Airlines were worth $3,211,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Primecap Management Co. CA acquired a new position in United Airlines during the second quarter valued at approximately $2,238,617,000. California State Teachers Retirement System increased its position in shares of United Airlines by 12,137.0% in the second quarter. California State Teachers Retirement System now owns 13,326,068 shares of the transportation company’s stock worth $1,812,212,000 after acquiring an additional 13,217,168 shares in the last quarter. State Street Corp increased its position in shares of United Airlines by 0.5% in the fourth quarter. State Street Corp now owns 11,510,200 shares of the transportation company’s stock worth $1,287,071,000 after acquiring an additional 52,962 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of United Airlines by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 9,012,731 shares of the transportation company’s stock valued at $1,015,218,000 after acquiring an additional 68,565 shares during the period. Finally, Capital World Investors lifted its holdings in shares of United Airlines by 0.3% during the 4th quarter. Capital World Investors now owns 7,265,530 shares of the transportation company’s stock valued at $812,428,000 after acquiring an additional 22,464 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insiders Place Their Bets

In related news, President Brett Hart sold 30,108 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $120.72, for a total value of $3,634,637.76. Following the sale, the president directly owned 371,583 shares of the company’s stock, valued at $44,857,499.76. This represents a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Andrew P. Nocella sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $117.00, for a total transaction of $585,000.00. Following the completion of the sale, the executive vice president owned 214,955 shares in the company, valued at approximately $25,149,735. This trade represents a 2.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 271,010 shares of company stock valued at $32,317,909. Corporate insiders own 0.86% of the company’s stock.

United Airlines Trading Up 3.1%

NASDAQ:UAL opened at $109.82 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.72 and a current ratio of 0.78. United Airlines Holdings Inc has a one year low of $84.64 and a one year high of $138.77. The business’s 50-day simple moving average is $118.95 and its 200 day simple moving average is $108.37. The stock has a market cap of $35.65 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 0.89 and a beta of 1.27.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.11. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The firm had revenue of $17.67 billion during the quarter, compared to the consensus estimate of $17.62 billion. During the same quarter in the prior year, the business posted $3.87 earnings per share. United Airlines’s revenue for the quarter was up 16.4% on a year-over-year basis. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. As a group, sell-side analysts predict that United Airlines Holdings Inc will post 9.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of United Airlines from $130.00 to $165.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Zacks Research upgraded United Airlines from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. Bank of America upped their target price on United Airlines from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of United Airlines in a research report on Friday, July 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of United Airlines from $156.00 to $203.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Sixteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, United Airlines presently has an average rating of “Moderate Buy” and an average price target of $155.91.

About United Airlines

United Airlines Holdings, Inc (NASDAQ: UAL) is the parent company of United Airlines, Inc, a major U.S. airline headquartered in Chicago, Illinois. United provides scheduled air transportation for passengers and cargo, serving destinations across the United States and connecting North America with international markets throughout Latin America, Europe, Asia, Africa and the Middle East.

The company operates a broad network through hubs including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC Its services include economy, premium-economy and business-class travel, as well as air cargo transportation.