16,485 Shares in United Airlines Holdings Inc $UAL Bought by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd has acquired 16,485 shares of United Airlines Holdings Inc, valued at approximately $1,138,000, marking a new investment in the airline's stock.
• Several institutional investors have increased their stakes in United Airlines, contributing to 69.69% of the stock ownership being held by institutional entities.
• United Airlines reported earnings of $3.87 per share for the quarter, exceeding estimates, while setting FY 2025 EPS guidance between 9.000-11.000.

IFM Investors Pty Ltd acquired a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 16,485 shares of the transportation company's stock, valued at approximately $1,138,000.

A number of other institutional investors have also recently added to or reduced their stakes in UAL. Bison Wealth LLC bought a new position in United Airlines during the 4th quarter worth $246,000. Cetera Investment Advisers grew its stake in United Airlines by 6.5% during the 4th quarter. Cetera Investment Advisers now owns 41,298 shares of the transportation company's stock worth $4,010,000 after buying an additional 2,521 shares during the last quarter. Ethic Inc. bought a new position in United Airlines during the 4th quarter worth $348,000. Focus Partners Wealth bought a new position in United Airlines during the 4th quarter worth $622,000. Finally, Gotham Asset Management LLC grew its stake in United Airlines by 73.9% during the 4th quarter. Gotham Asset Management LLC now owns 14,115 shares of the transportation company's stock worth $1,371,000 after buying an additional 5,996 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling at United Airlines

In related news, EVP Kate Gebo sold 29,953 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $97.59, for a total transaction of $2,923,113.27. Following the completion of the transaction, the executive vice president owned 45,496 shares of the company's stock, valued at $4,439,954.64. This trade represents a 39.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $92.22, for a total value of $1,844,400.00. Following the transaction, the executive vice president directly owned 62,358 shares of the company's stock, valued at $5,750,654.76. This represents a 24.28% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,791 shares of company stock valued at $9,992,318. Corporate insiders own 0.71% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on UAL. Bank of America upped their price objective on United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Barclays reissued an "overweight" rating and issued a $100.00 price target (up previously from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. Evercore ISI reissued an "outperform" rating and issued a $105.00 price target on shares of United Airlines in a research note on Thursday, July 17th. Cowen reissued a "buy" rating on shares of United Airlines in a research note on Tuesday, July 15th. Finally, UBS Group increased their price target on United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $112.57.

United Airlines Trading Down 2.5%

NASDAQ:UAL opened at $106.58 on Friday. United Airlines Holdings Inc has a 1 year low of $49.89 and a 1 year high of $116.00. The stock has a market cap of $34.50 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 1.42 and a beta of 1.47. The business has a fifty day moving average of $95.78 and a 200-day moving average of $82.30. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.81 by $0.06. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The business had revenue of $15.24 billion during the quarter, compared to analysts' expectations of $15.31 billion. During the same quarter last year, the business posted $4.14 earnings per share. The company's quarterly revenue was up 1.4% on a year-over-year basis. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Equities analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

About United Airlines

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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