Avanza Fonder AB Buys Shares of 25,039 United Airlines Holdings Inc $UAL

Key Points

• Avanza Fonder AB has acquired 25,039 shares of United Airlines Holdings Inc, valued at approximately $1,994,000.
• Insider transactions revealed that President Brett J. Hart sold 24,772 shares while Director Barney Harford sold 15,823 shares, reflecting a decrease in their ownership stakes.
• Analyst ratings for United Airlines have improved, with Barclays, TD Cowen, and Bank of America raising their price targets to climb as high as $127.00 and a consensus rating of "Buy" from analysts.

Avanza Fonder AB acquired a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 25,039 shares of the transportation company's stock, valued at approximately $1,994,000.

A number of other hedge funds have also added to or reduced their stakes in UAL. Sowell Financial Services LLC boosted its stake in United Airlines by 5.9% in the second quarter. Sowell Financial Services LLC now owns 8,405 shares of the transportation company's stock valued at $669,000 after acquiring an additional 470 shares during the last quarter. CX Institutional raised its stake in shares of United Airlines by 8.8% during the second quarter. CX Institutional now owns 3,638 shares of the transportation company's stock worth $290,000 after acquiring an additional 293 shares in the last quarter. UMB Bank n.a. increased its stake in shares of United Airlines by 79.9% in the second quarter. UMB Bank n.a. now owns 1,993 shares of the transportation company's stock worth $159,000 after buying an additional 885 shares during the period. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in United Airlines in the second quarter worth $175,000. Finally, Perpetual Ltd purchased a new stake in United Airlines during the 2nd quarter valued at about $318,000. Institutional investors and hedge funds own 69.69% of the company's stock.

United Airlines Trading Down 2.0%

Shares of UAL traded down $2.13 during midday trading on Monday, hitting $104.18. The stock had a trading volume of 6,784,649 shares, compared to its average volume of 4,920,193. The firm has a market cap of $33.73 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 1.38 and a beta of 1.47. United Airlines Holdings Inc has a fifty-two week low of $51.44 and a fifty-two week 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 business has a 50-day simple moving average of $98.16 and a two-hundred day simple moving average of $82.81.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly 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. The firm had revenue of $15.24 billion during the quarter, compared to analysts' expectations of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The company's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, equities analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on UAL. JPMorgan Chase & Co. lifted their target price on United Airlines from $122.00 to $149.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. TD Cowen raised their target price on shares of United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Cowen reissued a "buy" rating on shares of United Airlines 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 note on Tuesday, July 15th. Finally, Evercore ISI restated an "outperform" rating and issued a $105.00 price objective on shares of United Airlines in a research report on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $112.57.

Insider Buying and Selling

In related news, 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 transaction of $1,844,400.00. Following the sale, the executive vice president directly owned 62,358 shares in the company, valued at approximately $5,750,654.76. This represents a 24.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Brett J. Hart sold 24,772 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $89.50, for a total value of $2,217,094.00. Following the completion of the sale, the president directly owned 283,638 shares of the company's stock, valued at approximately $25,385,601. This trade represents a 8.03% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,791 shares of company stock valued at $9,992,318. Corporate insiders own 0.63% of the company's stock.

About United Airlines

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.