Douglas Lane & Associates LLC Has $34.53 Million Stock Holdings in United Airlines Holdings Inc $UAL

Key Points

• Douglas Lane & Associates LLC reduced its holdings in United Airlines by 1.4%, owning 433,640 shares worth approximately $34.53 million at the end of the second quarter.
• Insiders, including Director Barney Harford and EVP Torbjorn J. Enqvist, have sold significant amounts of stock recently, leading to a total of 106,791 shares sold worth nearly $10 million over the past three months.
• United Airlines' stock is trading around $106.58, up from a one-year low of $49.89, and analysts expect the company to achieve a consensus earnings per share of 12.96 for the current fiscal year.

Douglas Lane & Associates LLC trimmed its holdings in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 433,640 shares of the transportation company's stock after selling 5,983 shares during the period. Douglas Lane & Associates LLC owned 0.13% of United Airlines worth $34,531,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Capital A Wealth Management LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at approximately $31,000. Hemington Wealth Management lifted its position in shares of United Airlines by 50.6% in the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock valued at $32,000 after buying an additional 160 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of United Airlines in the first quarter valued at approximately $32,000. Eastern Bank acquired a new stake in shares of United Airlines in the first quarter valued at approximately $35,000. Finally, Banque Transatlantique SA acquired a new stake in shares of United Airlines in the first quarter valued at approximately $35,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Barney Harford sold 15,823 shares of United Airlines stock in a transaction on Friday, August 8th. The stock was sold at an average price of $90.03, for a total value of $1,424,544.69. Following the transaction, the director owned 89,000 shares in the company, valued at approximately $8,012,670. This trade represents a 15.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines stock in a transaction on Friday, July 18th. The shares were sold at an average price of $92.22, for a total value of $1,844,400.00. Following the completion of the transaction, the executive vice president owned 62,358 shares in the company, valued at approximately $5,750,654.76. The trade was a 24.28% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,791 shares of company stock worth $9,992,318. 0.71% of the stock is currently owned by insiders.

United Airlines Price Performance

United Airlines stock opened at $106.58 on Friday. The stock's fifty day moving average price is $95.78 and its two-hundred day moving average price is $82.20. United Airlines Holdings Inc has a one year low of $49.89 and a one year high of $116.00. 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 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 (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, topping analysts' consensus estimates of $3.81 by $0.06. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The firm had revenue of $15.24 billion for the quarter, compared to analyst estimates of $15.31 billion. During the same quarter last year, the company earned $4.14 EPS. The company's revenue was up 1.4% on a year-over-year basis. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, research analysts expect that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UAL. Cowen reaffirmed a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Susquehanna increased 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. Barclays reiterated an "overweight" rating and set a $100.00 target price (up previously from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. UBS Group increased their target price on United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. increased their target price on United Airlines from $122.00 to $149.00 and gave the stock an "overweight" rating in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $112.57.

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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