Alliancebernstein L.P. Has $30.74 Million Position in United Airlines Holdings Inc $UAL

Key Points

• Alliancebernstein L.P. has reduced its holdings in United Airlines Holdings Inc by 5.9%, now owning approximately 445,126 shares valued at $30.7 million.
• Significant insider selling occurred, including President Brett J. Hart, who sold 24,772 shares for over $2.2 million, indicating a potential decrease in insider confidence.
• Analyst ratings are mostly positive, with the stock receiving several upgrades and a consensus target price of $111.43, reflecting strong market interest despite recent declines in stock price.

Alliancebernstein L.P. reduced its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 5.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 445,126 shares of the transportation company's stock after selling 28,091 shares during the quarter. Alliancebernstein L.P. owned 0.14% of United Airlines worth $30,736,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in UAL. Bank of New York Mellon Corp raised its holdings in shares of United Airlines by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,520,643 shares of the transportation company's stock worth $105,000,000 after acquiring an additional 16,477 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of United Airlines during the first quarter valued at approximately $15,089,000. Generate Investment Management Ltd bought a new stake in shares of United Airlines during the first quarter valued at approximately $10,773,000. Exchange Traded Concepts LLC raised its stake in 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 buying an additional 4,281 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in 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 buying an additional 355,657 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other United Airlines news, President Brett J. Hart sold 24,772 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the transaction, the president directly owned 283,638 shares of the company's stock, valued at $25,385,601. This represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michelle Freyre sold 900 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $92.13, for a total transaction of $82,917.00. Following the completion of the sale, the director directly owned 829 shares of the company's stock, valued at approximately $76,375.77. This trade represents a 52.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,791 shares of company stock worth $9,992,318. Company insiders own 0.71% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Evercore ISI reissued an "outperform" rating and issued a $105.00 target price on shares of United Airlines in a research report on Thursday, July 17th. Bank of America raised their target price on shares of United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. UBS Group boosted their target price on United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. Susquehanna boosted their price target on shares of United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of United Airlines from $122.00 to $149.00 and gave the company an "overweight" rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, United Airlines presently has an average rating of "Buy" and an average price target of $112.57.

United Airlines Stock Down 2.5%

UAL stock traded down $2.78 during trading on Friday, reaching $106.58. The stock had a trading volume of 6,071,387 shares, compared to its average volume of 4,517,731. United Airlines Holdings Inc has a 1-year low of $49.89 and a 1-year high of $116.00. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $34.50 billion, a P/E ratio of 10.68, a PEG ratio of 1.42 and a beta of 1.47. The firm has a fifty day moving average price of $95.29 and a 200 day moving average price of $82.23.

United Airlines (NASDAQ:UAL - Get Free Report) last released its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The company had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter in the previous year, the firm earned $4.14 EPS. The company's 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. On average, equities analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

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.