Commerce Bank acquired a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 18,299 shares of the transportation company's stock, valued at approximately $2,488,000.
Several other institutional investors have also recently made changes to their positions in the company. Bison Wealth LLC purchased a new position in shares of United Airlines in the 4th quarter valued at approximately $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in United Airlines by 24.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,872 shares of the transportation company's stock worth $2,753,000 after purchasing an additional 7,713 shares in the last quarter. Focus Partners Wealth raised its holdings in United Airlines by 92.7% in the first quarter. Focus Partners Wealth now owns 12,349 shares of the transportation company's stock worth $853,000 after purchasing an additional 5,939 shares in the last quarter. First Trust Advisors LP lifted its position in United Airlines by 23.5% during the second quarter. First Trust Advisors LP now owns 292,580 shares of the transportation company's stock valued at $23,298,000 after buying an additional 55,728 shares during the period. Finally, Cresset Asset Management LLC lifted its position in United Airlines by 73.5% during the second quarter. Cresset Asset Management LLC now owns 9,410 shares of the transportation company's stock valued at $749,000 after buying an additional 3,987 shares during the period. Institutional investors own 69.69% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on UAL. JPMorgan Chase & Co. upped 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. Zacks Research raised shares of United Airlines from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 11th. UBS Group raised their target price on shares of United Airlines from $148.00 to $153.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group lifted their target price on shares of United Airlines from $131.00 to $162.00 and gave the company a "buy" rating in a report on Thursday, July 2nd. Finally, Citigroup upped their price target on United Airlines from $132.00 to $171.00 and gave the stock a "buy" rating in a research note on Monday, June 22nd. Sixteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $157.74.
Check Out Our Latest Stock Analysis on United Airlines
United Airlines Stock Performance
Shares of United Airlines stock opened at $113.57 on Tuesday. The stock has a market cap of $36.86 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 0.87 and a beta of 1.28. The firm's 50-day moving average is $123.87 and its 200 day moving average is $108.57. United Airlines Holdings Inc has a 1 year low of $84.64 and a 1 year high of $138.77. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.78 and a quick ratio of 0.72.
United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.99 earnings per share for the quarter, beating analysts' consensus estimates of $1.88 by $0.11. The business had revenue of $17.67 billion during the quarter, compared to analyst estimates of $17.62 billion. United Airlines had a net margin of 5.56% and a return on equity of 19.05%. United Airlines's revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business earned $3.87 EPS. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. Sell-side analysts anticipate that United Airlines Holdings Inc will post 10.38 EPS for the current fiscal year.
Insider Activity
In related news, EVP Andrew P. Nocella sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $132.30, for a total value of $396,900.00. Following the transaction, the executive vice president directly owned 219,955 shares of the company's stock, valued at approximately $29,100,046.50. This represents a 1.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $119.91, for a total value of $2,398,200.00. Following the sale, the executive vice president owned 114,800 shares in the company, valued at approximately $13,765,668. This represents a 14.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 266,010 shares of company stock worth $31,732,909. Corporate insiders own 0.86% of the company's stock.
About United Airlines
(
Free Report)
United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.
In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.
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