Caitong International Asset Management Co. Ltd Increases Stock Position in United Airlines Holdings Inc (NASDAQ:UAL)

Key Points

• Caitong International Asset Management Co. Ltd increased its ownership in United Airlines by 2,650%, holding a total of 6,875 shares valued at approximately $475,000.
• Analysts have varying ratings on United Airlines stock, with a consensus rating of "Buy" and an average target price of $111.43, reflecting strong investor interest.
• Insider activity included significant stock sales, with President Brett J. Hart selling 24,772 shares valued at over $2.2 million and a reported 70,495 shares sold by insiders in the last quarter.

Caitong International Asset Management Co. Ltd increased its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 2,650.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 6,875 shares of the transportation company's stock after purchasing an additional 6,625 shares during the period. Caitong International Asset Management Co. Ltd's holdings in United Airlines were worth $475,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of United Airlines by 88.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 223,309 shares of the transportation company's stock valued at $21,683,000 after purchasing an additional 104,989 shares during the period. Raymond James Financial Inc. purchased a new stake in United Airlines in the fourth quarter worth about $34,225,000. Townsquare Capital LLC purchased a new position in United Airlines during the fourth quarter valued at $439,000. Keystone Financial Group bought a new stake in United Airlines during the 4th quarter valued at about $211,000. Finally, Mariner LLC raised its holdings in United Airlines by 9.0% in the 4th quarter. Mariner LLC now owns 47,504 shares of the transportation company's stock worth $4,613,000 after acquiring an additional 3,923 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein reiterated an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Evercore ISI restated an "outperform" rating and issued a $105.00 price target on shares of United Airlines in a research report on Thursday, July 17th. Susquehanna lifted their price objective on United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a research report on Tuesday, July 15th. Wall Street Zen lowered shares of United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Finally, Barclays reaffirmed an "overweight" rating and set a $100.00 price target (up previously from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $111.43.

Insider Activity at United Airlines

In related news, President Brett J. Hart sold 24,772 shares of the firm'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 owned 283,638 shares in the company, valued at $25,385,601. This trade represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the business's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $92.22, for a total value of $1,844,400.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 70,495 shares of company stock valued at $6,448,796 over the last quarter. 0.63% of the stock is owned by insiders.

United Airlines Stock Up 10.2%

Shares of NASDAQ UAL opened at $98.47 on Wednesday. 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 50-day moving average of $84.22 and a 200 day moving average of $82.26. The stock has a market cap of $31.88 billion, a PE ratio of 9.87, a P/E/G ratio of 1.16 and a beta of 1.48. United Airlines Holdings Inc has a 12-month low of $40.13 and a 12-month high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly 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. United Airlines had a return on equity of 30.09% and a net margin of 5.71%. The business had revenue of $15.24 billion during the quarter, compared to analyst estimates of $15.31 billion. During the same period last year, the business posted $4.14 earnings per share. The company's quarterly revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

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.

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