11,300 Shares of United Airlines Holdings Inc $UAL Bought by Maxi Investments CY Ltd

Key Points

• Maxi Investments CY Ltd acquired 11,300 United Airlines shares worth approximately $1.254 million during the third quarter. Institutional investors collectively own 69.69% of UAL’s outstanding stock.
• United Airlines reported quarterly revenue of $17.88 billion, up 17.4% year over year, but earnings per share of $2.54 narrowly missed analysts’ $2.57 estimate.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $156.19, despite several firms recently lowering their targets.

Maxi Investments CY Ltd bought a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 11,300 shares of the transportation company's stock, valued at approximately $1,254,000.

Several other large investors have also modified their holdings of the stock. Primecap Management Co. CA bought a new position in United Airlines during the 2nd quarter worth approximately $2,238,617,000. State Street Corp grew its position in shares of United Airlines by 1.4% in the 2nd quarter. State Street Corp now owns 11,788,111 shares of the transportation company's stock worth $1,603,065,000 after acquiring an additional 162,283 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of United Airlines by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,664,538 shares of the transportation company's stock worth $521,330,000 after acquiring an additional 190,017 shares in the last quarter. Amundi grew its position in shares of United Airlines by 57.4% in the 2nd quarter. Amundi now owns 1,916,864 shares of the transportation company's stock worth $260,674,000 after acquiring an additional 699,334 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of United Airlines in the 2nd quarter valued at approximately $178,571,000. Institutional investors own 69.69% of the company's stock.

United Airlines Trading Up 2.8%

NASDAQ:UAL opened at $100.69 on Tuesday. The stock has a market cap of $32.71 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 1.24 and a beta of 1.30. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.68 and a current ratio of 0.75. United Airlines Holdings Inc has a 1 year low of $84.64 and a 1 year high of $138.77. The business has a fifty day moving average of $109.16 and a 200-day moving average of $108.59.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The transportation company reported $2.54 earnings per share for the quarter, missing analysts' consensus estimates of $2.57 by ($0.03). The company had revenue of $17.88 billion for the quarter, compared to the consensus estimate of $17.89 billion. United Airlines had a net margin of 5.46% and a return on equity of 17.59%. United Airlines's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.78 earnings per share. Equities analysts predict that United Airlines Holdings Inc will post 7.17 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on UAL. Susquehanna dropped their price target on United Airlines from $150.00 to $130.00 and set a "positive" rating on the stock in a research report on Thursday, October 22nd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of United Airlines in a report on Thursday, October 15th. UBS Group decreased their price objective on shares of United Airlines from $146.00 to $139.00 and set a "buy" rating for the company in a report on Friday, October 16th. Jefferies Financial Group reiterated a "buy" rating and set a $142.00 target price on shares of United Airlines in a research note on Wednesday, October 21st. Finally, Bank of America increased their target price on shares of United Airlines from $145.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, July 1st. Sixteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $156.19.

Insider Transactions at United Airlines

In other United Airlines news, EVP Andrew Nocella sold 5,000 shares of the firm'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 transaction, the executive vice president owned 214,955 shares of the company's stock, valued at approximately $25,149,735. This trade represents a 2.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is owned by corporate insiders.

United Airlines Profile

United Airlines Holdings, Inc is the parent company of United Airlines, a major U.S. commercial airline headquartered in Chicago, Illinois. The company provides scheduled passenger air transportation and air cargo services, connecting customers across the United States and to international destinations.

United operates a broad network serving North America, Latin America, Europe, Asia, Africa and Oceania. Its operations are supported by hubs in major U.S. cities, including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC, as well as an extensive network of regional carriers operating under the United Express brand.

The company offers several travel classes and related services, including premium-cabin seating, onboard amenities, airport lounges and the MileagePlus customer loyalty program.

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