Assenagon Asset Management S.A. Sells 144,776 Shares of United Airlines Holdings Inc $UAL

Key Points

• Assenagon Asset Management cut its United Airlines stake by 41% in the second quarter, selling 144,776 shares and retaining 207,916 shares valued at approximately $28.3 million. Institutional investors collectively own 69.69% of UAL.
• Analysts remain broadly bullish: 16 analysts rate United Airlines a Buy and two rate it Hold, producing a “Moderate Buy” consensus and an average price target of $156.79.
• United Airlines beat quarterly earnings expectations with $1.99 in EPS versus $1.88 forecast and $17.67 billion in revenue, up 16.4% year over year. The company guided to fiscal 2026 EPS of $9.00–$11.00.

Assenagon Asset Management S.A. lowered its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 41.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 207,916 shares of the transportation company's stock after selling 144,776 shares during the period. Assenagon Asset Management S.A. owned about 0.06% of United Airlines worth $28,274,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID bought a new position in shares of United Airlines in the 4th quarter worth approximately $25,000. Western Wealth Management LLC purchased a new stake in United Airlines in the first quarter worth $27,000. JPL Wealth Management LLC bought a new position in United Airlines in the third quarter worth $29,000. Motiv8 Investments LLC bought a new position in United Airlines in the fourth quarter worth $35,000. Finally, Cornerstone Planning Group LLC lifted its position in United Airlines by 3,440.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 354 shares of the transportation company's stock valued at $37,000 after buying an additional 344 shares during the period. Institutional investors own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

UAL has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on shares of United Airlines from $130.00 to $165.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 30th. Zacks Research upgraded shares of United Airlines from a "strong sell" rating to a "hold" rating in a report on Thursday, June 11th. BMO Capital Markets boosted their price target on United Airlines from $130.00 to $157.50 and gave the stock an "outperform" rating in a research report on Thursday, July 2nd. The Goldman Sachs Group lifted their price target on United Airlines from $131.00 to $162.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. Finally, Bank of America upped their price target on shares of United Airlines from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $156.79.

Insider Activity at United Airlines

In other news, EVP Andrew P. Nocella sold 4,200 shares of United Airlines stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $120.48, for a total transaction of $506,016.00. Following the transaction, the executive vice president directly owned 222,955 shares of the company's stock, valued at $26,861,618.40. The trade was a 1.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Kate Gebo sold 34,669 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $105.41, for a total value of $3,654,459.29. Following the transaction, the executive vice president owned 67,707 shares of the company's stock, valued at approximately $7,136,994.87. This trade represents a 33.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 306,010 shares of company stock valued at $35,949,843 in the last ninety days. Corporate insiders own 0.86% of the company's stock.

United Airlines Price Performance

UAL stock opened at $129.56 on Monday. United Airlines Holdings Inc has a fifty-two week low of $84.64 and a fifty-two week high of $138.77. The company has a market cap of $42.05 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 0.96 and a beta of 1.28. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.72 and a current ratio of 0.78. The business's 50-day moving average is $121.47 and its two-hundred day moving average is $107.56.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.11. United Airlines had a net margin of 5.56% and a return on equity of 19.05%. The firm had revenue of $17.67 billion for the quarter, compared to analysts' expectations of $17.62 billion. During the same quarter in the prior year, the business earned $3.87 EPS. The business's quarterly revenue was up 16.4% on a year-over-year basis. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. As a group, analysts forecast that United Airlines Holdings Inc will post 10.48 earnings per share for the current year.

United Airlines Company Profile

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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