Ballentine Partners LLC acquired a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,640 shares of the transportation company's stock, valued at approximately $210,000.
Other hedge funds have also made changes to their positions in the company. Hemington Wealth Management increased its holdings in shares of United Airlines by 50.6% during the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock valued at $32,000 after acquiring an additional 160 shares during the last quarter. WPG Advisers LLC acquired a new stake in United Airlines in the 1st quarter valued at approximately $32,000. Eastern Bank acquired a new stake in United Airlines in the 1st quarter valued at approximately $35,000. Banque Transatlantique SA acquired a new stake in United Airlines in the 1st quarter valued at approximately $35,000. Finally, Swedbank AB acquired a new stake in United Airlines in the 1st quarter valued at approximately $52,000. Institutional investors and hedge funds own 69.69% of the company's stock.
United Airlines Price Performance
United Airlines stock opened at $98.64 on Tuesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. The company has a market capitalization of $31.93 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 1.27 and a beta of 1.47. United Airlines Holdings Inc has a one year low of $52.00 and a one year high of $116.00. The business has a 50 day simple moving average of $99.17 and a 200 day simple moving average of $83.73.
United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, topping the consensus estimate 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%.United Airlines's revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, sell-side analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.
Insider Buying and Selling at United Airlines
In related news, Director Barney Harford sold 15,823 shares of the firm'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 transaction of $1,424,544.69. Following the completion of the transaction, the director owned 89,000 shares in the company, valued at $8,012,670. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Brett J. Hart sold 24,772 shares of United Airlines stock in a transaction on 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 transaction, the president owned 283,638 shares of the company's stock, valued at approximately $25,385,601. The trade was a 8.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,791 shares of company stock worth $9,992,318 over the last three months. 0.63% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the company. UBS Group raised their target price on United Airlines from $114.00 to $131.00 and gave the company a "buy" rating in a report on Friday. JPMorgan Chase & Co. raised their target price on United Airlines from $122.00 to $149.00 and gave the company an "overweight" rating in a report on Friday, September 12th. Susquehanna raised their target price on United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a report on Tuesday, July 15th. Evercore ISI raised their target price on United Airlines from $105.00 to $135.00 and gave the company an "outperform" rating in a report on Monday. Finally, Cowen reiterated a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Two investment 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. Based on data from MarketBeat.com, United Airlines presently has a consensus rating of "Buy" and a consensus target price of $115.93.
Check Out Our Latest Research Report on UAL
About United Airlines
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Airlines Holdings Inc (NASDAQ:UAL - Free Report).
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