Aberdeen Group plc Buys 38,981 Shares of United Airlines Holdings Inc $UAL

Key Points

• Aberdeen Group plc increased its holdings in United Airlines Holdings Inc by 67.6% to own 96,675 shares, valued at approximately $6.57 million.
• The airline reported $3.87 earnings per share for the last quarter, exceeding estimates by $0.06, and revenue was $15.24 billion, slightly below analyst expectations.
• Research firms have raised their price targets for United Airlines, with TD Cowen increasing it from $101 to $127, reflecting strong analyst confidence in the stock.

Aberdeen Group plc lifted its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 67.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,675 shares of the transportation company's stock after purchasing an additional 38,981 shares during the quarter. Aberdeen Group plc's holdings in United Airlines were worth $6,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Wahed Invest LLC raised its position in shares of United Airlines by 5.4% in the 4th quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company's stock worth $204,000 after purchasing an additional 108 shares during the last quarter. Wedbush Securities Inc. raised its position in United Airlines by 3.3% in the 1st quarter. Wedbush Securities Inc. now owns 4,651 shares of the transportation company's stock worth $321,000 after buying an additional 147 shares during the last quarter. Forum Financial Management LP raised its position in United Airlines by 2.7% in the 4th quarter. Forum Financial Management LP now owns 5,723 shares of the transportation company's stock worth $556,000 after buying an additional 148 shares during the last quarter. Principal Securities Inc. raised its position in United Airlines by 2.0% in the 1st quarter. Principal Securities Inc. now owns 7,758 shares of the transportation company's stock worth $536,000 after buying an additional 149 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in United Airlines by 15.6% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,110 shares of the transportation company's stock worth $77,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Cowen reissued a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Barclays reissued an "overweight" rating and issued a $100.00 target price (up previously from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. UBS Group boosted their target price on United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Susquehanna boosted their target price on United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research report on Tuesday, July 15th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, United Airlines presently has a consensus rating of "Buy" and an average price target of $111.43.

United Airlines Stock Performance

Shares of United Airlines stock traded up $5.80 during trading hours on Friday, reaching $102.98. 6,037,970 shares of the stock traded hands, compared to its average volume of 5,119,551. The company has a 50 day moving average price of $87.45 and a 200 day moving average price of $82.06. The firm has a market capitalization of $33.34 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 1.33 and a beta of 1.48. United Airlines Holdings Inc has a one year low of $40.96 and a one year high of $116.00. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56.

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

Insider Buying and Selling at United Airlines

In related news, Director Michelle Freyre sold 900 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $92.13, for a total transaction of $82,917.00. Following the completion of the transaction, the director directly owned 829 shares in the company, valued at approximately $76,375.77. The trade was a 52.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the business's stock in a transaction that occurred on 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 owned 62,358 shares of the company's stock, valued at approximately $5,750,654.76. This trade represents a 24.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,791 shares of company stock worth $9,992,318. 0.71% of the stock is owned by corporate insiders.

United Airlines Company 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.