2,522 Shares in United Airlines Holdings Inc $UAL Bought by Emprise Bank

Key Points

• Emprise Bank has acquired 2,522 shares of United Airlines Holdings Inc., valued at approximately $201,000, marking its first investment in the company.
• Several institutional investors have adjusted their stakes in United Airlines, with 69.69% of shares currently owned by such investors, indicating significant institutional interest.
• Analyst ratings for United Airlines have seen upgrades, with JPMorgan raising its price target from $122.00 to $149.00 and maintaining an "overweight" rating.

Emprise Bank acquired a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,522 shares of the transportation company's stock, valued at approximately $201,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its stake 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of United Airlines in the first quarter worth $15,089,000. Generate Investment Management Ltd bought a new position in shares of United Airlines in the first quarter worth $10,773,000. Exchange Traded Concepts LLC grew its stake in shares of United Airlines by 132.9% in the first quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company's stock worth $518,000 after purchasing an additional 4,281 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of United Airlines by 7,225.9% in the first quarter. GAMMA Investing LLC now owns 360,579 shares of the transportation company's stock worth $24,898,000 after purchasing an additional 355,657 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling at United Airlines

In other news, EVP Torbjorn J. Enqvist sold 20,000 shares of the company's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kate Gebo sold 6,343 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $97.81, for a total value of $620,408.83. Following the sale, the executive vice president directly owned 69,106 shares of the company's stock, valued at approximately $6,759,257.86. This represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,791 shares of company stock valued at $9,992,318 over the last 90 days. 0.63% of the stock is owned by insiders.

Analyst Ratings Changes

UAL has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price target on United Airlines from $122.00 to $149.00 and gave the stock an "overweight" rating in a research note on Friday. TD Cowen increased their price target on United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Bank of America increased their price target on United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Evercore ISI reaffirmed an "outperform" rating and set a $105.00 target price on shares of United Airlines in a research note on Thursday, July 17th. Finally, Wall Street Zen cut United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $112.57.

United Airlines Trading Down 1.9%

Shares of UAL stock opened at $104.55 on Tuesday. United Airlines Holdings Inc has a fifty-two week low of $50.31 and a fifty-two week high of $116.00. The stock has a market capitalization of $33.85 billion, a P/E ratio of 10.48, a P/E/G ratio of 1.38 and a beta of 1.47. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56. The stock has a 50-day simple moving average of $96.25 and a 200 day simple moving average of $82.20.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS 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 the consensus estimate of $15.31 billion. During the same period in the prior year, the business posted $4.14 earnings per share. United Airlines's revenue was up 1.4% compared to the same quarter last year. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, sell-side analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

United Airlines 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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