Doliver Advisors LP Purchases Shares of 2,978 United Airlines Holdings Inc $UAL

Key Points

• Doliver Advisors LP has purchased 2,978 shares of United Airlines Holdings Inc, valued at approximately $237,000, indicating interest from institutional investors in the airline sector.
• United Airlines experienced a 2.5% drop in stock price, currently trading at $106.58, against a backdrop of a market cap of $34.50 billion and a PE ratio of 10.68.
• United Airlines reported $3.87 earnings per share for the latest quarter, slightly above analyst expectations, while projecting earnings guidance of 9.000-11.000 EPS for FY 2025.

Doliver Advisors LP bought a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,978 shares of the transportation company's stock, valued at approximately $237,000.

A number of other institutional investors have also made changes to their positions in UAL. Bison Wealth LLC acquired a new position in shares of United Airlines during the fourth quarter worth $246,000. Cetera Investment Advisers lifted its position in shares of United Airlines by 6.5% during the fourth quarter. Cetera Investment Advisers now owns 41,298 shares of the transportation company's stock worth $4,010,000 after purchasing an additional 2,521 shares in the last quarter. Ethic Inc. acquired a new position in shares of United Airlines during the fourth quarter worth $348,000. Focus Partners Wealth acquired a new position in shares of United Airlines during the fourth quarter worth $622,000. Finally, Gotham Asset Management LLC lifted its position in shares of United Airlines by 73.9% during the fourth quarter. Gotham Asset Management LLC now owns 14,115 shares of the transportation company's stock worth $1,371,000 after purchasing an additional 5,996 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Stock Down 2.5%

Shares of NASDAQ:UAL opened at $106.58 on Friday. 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 fifty day simple moving average of $95.78 and a 200 day simple moving average of $82.30. The firm has a market cap of $34.50 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 1.42 and a beta of 1.47. United Airlines Holdings Inc has a 12-month low of $49.89 and a 12-month high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last released its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share 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 firm had revenue of $15.24 billion during the quarter, compared to analyst estimates of $15.31 billion. During the same quarter in the previous year, the firm earned $4.14 earnings per share. The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, equities research analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Insider Activity

In other United Airlines news, Director Barney Harford sold 9,000 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $97.76, for a total transaction of $879,840.00. Following the completion of the sale, the director owned 80,000 shares in the company, valued at $7,820,800. The trade was a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kate Gebo sold 6,343 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $97.81, for a total transaction of $620,408.83. Following the sale, the executive vice president owned 69,106 shares of the company's stock, valued at approximately $6,759,257.86. The trade was a 8.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,791 shares of company stock valued at $9,992,318 over the last quarter. 0.71% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

UAL has been the topic of a number of recent research reports. Wall Street Zen cut shares of United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. TD Cowen boosted 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. Barclays restated an "overweight" rating and issued a $100.00 price target (up previously from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. Evercore ISI restated an "outperform" rating and issued a $105.00 price target on shares of United Airlines in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of United Airlines from $122.00 to $149.00 and gave the stock an "overweight" rating in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $112.57.

United Airlines Company 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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