Amundi Raises Stock Holdings in United Airlines Holdings Inc $UAL

Key Points

• Amundi increased its stake in United Airlines Holdings Inc by 3.6%, now owning 423,257 shares valued at approximately $29.2 million.
• Recent analyst reports have set a new average price target for UAL at $111.43, with multiple firms maintaining a "buy" or "outperform" rating.
• Insider trading revealed that Director Barney Harford and EVP Torbjorn J. Enqvist sold significant portions of their holdings, with total insider sales amounting to nearly $10 million over the last quarter.

Amundi increased its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 423,257 shares of the transportation company's stock after buying an additional 14,762 shares during the quarter. Amundi owned 0.13% of United Airlines worth $29,226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Alyeska Investment Group L.P. increased its stake in shares of United Airlines by 86.4% in the first quarter. Alyeska Investment Group L.P. now owns 3,985,560 shares of the transportation company's stock worth $275,203,000 after buying an additional 1,847,884 shares during the period. Federation des caisses Desjardins du Quebec boosted its holdings in United Airlines by 24.6% in the first quarter. Federation des caisses Desjardins du Quebec now owns 23,129 shares of the transportation company's stock valued at $1,597,000 after acquiring an additional 4,563 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in United Airlines by 26.9% in the first quarter. EP Wealth Advisors LLC now owns 4,580 shares of the transportation company's stock valued at $316,000 after acquiring an additional 971 shares in the last quarter. Maverick Capital Ltd. boosted its holdings in United Airlines by 127.2% in the first quarter. Maverick Capital Ltd. now owns 25,323 shares of the transportation company's stock valued at $1,749,000 after acquiring an additional 14,177 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its holdings in United Airlines by 62.7% in the first quarter. Focus Partners Advisor Solutions LLC now owns 9,039 shares of the transportation company's stock valued at $624,000 after acquiring an additional 3,483 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UAL has been the topic of several recent analyst reports. UBS Group lifted their price target on shares of United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. Sanford C. Bernstein reiterated an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Evercore ISI reiterated an "outperform" rating and set a $105.00 target price on shares of United Airlines in a report on Thursday, July 17th. Barclays reiterated an "overweight" rating and set a $100.00 target price (up previously from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Finally, Cowen restated a "buy" rating on shares of United Airlines in a report 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's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $111.43.

Insider Buying and Selling

In related news, Director Barney Harford sold 15,823 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $90.03, for a total value of $1,424,544.69. Following the transaction, the director directly owned 89,000 shares of the company's stock, valued at approximately $8,012,670. This represents a 15.09% 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 company'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 completion of the transaction, the executive vice president directly owned 62,358 shares in the company, valued at $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. Insiders have sold a total of 106,791 shares of company stock worth $9,992,318 over the last quarter. 0.63% of the stock is owned by insiders.

United Airlines Stock Performance

Shares of UAL stock opened at $106.59 on Monday. The stock has a market cap of $34.51 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 1.38 and a beta of 1.47. The company's fifty day moving average price is $93.14 and its 200-day moving average price is $81.73. United Airlines Holdings Inc has a 12 month low of $44.85 and a 12 month 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.

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

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