Deutsche Bank AG Buys 132,373 Shares of United Airlines Holdings Inc (NASDAQ:UAL)

Key Points

• Deutsche Bank AG increased its holdings in United Airlines Holdings Inc by 10.5%, acquiring an additional 132,373 shares to reach a total of 1,395,615 shares valued at $96.37 million.
• Multiple hedge funds have also adjusted their positions in United Airlines, with Envestnet Asset Management increasing its stake by 88.7% during the last quarter.
• Investment analysts have varied ratings for United Airlines, with a consensus of "Buy" and a target price increase to $111.43, reflecting optimism around the stock's performance.

Deutsche Bank AG grew its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 10.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,395,615 shares of the transportation company's stock after buying an additional 132,373 shares during the quarter. Deutsche Bank AG owned 0.43% of United Airlines worth $96,367,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in UAL. Envestnet Asset Management Inc. lifted its holdings in shares of United Airlines by 88.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 223,309 shares of the transportation company's stock worth $21,683,000 after buying an additional 104,989 shares during the period. FIL Ltd purchased a new stake in shares of United Airlines in the 4th quarter worth $2,590,000. Raymond James Financial Inc. purchased a new stake in shares of United Airlines in the 4th quarter worth $34,225,000. Sterling Capital Management LLC lifted its holdings in shares of United Airlines by 121.8% in the 4th quarter. Sterling Capital Management LLC now owns 27,685 shares of the transportation company's stock worth $2,688,000 after buying an additional 15,203 shares during the period. Finally, Townsquare Capital LLC purchased a new stake in shares of United Airlines in the 4th quarter worth $439,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UAL has been the subject of several research reports. Susquehanna upped their target price on United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a report on Tuesday, July 15th. Wall Street Zen downgraded shares of United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Cowen reissued a "buy" rating on shares of United Airlines in a research note on Tuesday, July 15th. TD Cowen boosted their price objective on shares of United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $111.43.

Insider Transactions at United Airlines

In other news, President Brett J. Hart sold 24,772 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the sale, the president directly owned 283,638 shares of the company's stock, valued at $25,385,601. This represents a 8.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the stock in a transaction dated Friday, July 18th. The stock was 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. The trade was 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 45,672 shares of company stock valued at $4,144,411 in the last ninety days. 0.71% of the stock is currently owned by corporate insiders.

United Airlines Price Performance

NASDAQ UAL opened at $89.29 on Monday. 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 stock's fifty day moving average price is $83.71 and its 200 day moving average price is $82.25. United Airlines Holdings Inc has a 1 year low of $40.13 and a 1 year high of $116.00. The company has a market cap of $28.91 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 1.16 and a beta of 1.48.

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. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The company had revenue of $15.24 billion for the quarter, compared to analyst estimates of $15.31 billion. During the same period in the prior year, the company earned $4.14 earnings per share. The firm's revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

United Airlines 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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