Empirical Financial Services LLC d.b.a. Empirical Wealth Management Increases Position in United Airlines Holdings Inc $UAL

Key Points

• Empirical Financial Services LLC raised its stake in United Airlines by 57.3% in Q2, owning 72,203 shares valued at approximately $5.75 million.
• Several analysts have revised their price targets for United Airlines stock, with Barclays increasing it from $100.00 to $115.00 and Evercore ISI from $105.00 to $135.00, indicating growing confidence in the company's performance.
• Insider activity includes significant share sales by executives, with EVP Kate Gebo selling 6,343 shares for about $620,408, marking an 8.41% decrease in her ownership.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 57.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,203 shares of the transportation company's stock after acquiring an additional 26,303 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in United Airlines were worth $5,750,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Wedbush Securities Inc. increased its stake in shares of United Airlines by 3.3% during the first quarter. Wedbush Securities Inc. now owns 4,651 shares of the transportation company's stock worth $321,000 after acquiring an additional 147 shares during the period. Foster Group Inc. increased its stake in shares of United Airlines by 2.8% during the second quarter. Foster Group Inc. now owns 5,392 shares of the transportation company's stock worth $429,000 after acquiring an additional 148 shares during the period. Principal Securities Inc. increased its stake in shares of United Airlines by 2.0% during the first quarter. Principal Securities Inc. now owns 7,758 shares of the transportation company's stock worth $536,000 after acquiring an additional 149 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of United Airlines by 15.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 1,110 shares of the transportation company's stock worth $77,000 after acquiring an additional 150 shares during the period. Finally, Kendall Capital Management increased its stake in shares of United Airlines by 2.2% during the first quarter. Kendall Capital Management now owns 6,900 shares of the transportation company's stock worth $476,000 after acquiring an additional 150 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Kate Gebo sold 6,343 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $6,759,257.86. This trade represents a 8.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm'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 transaction of $1,844,400.00. Following the sale, the executive vice president owned 62,358 shares in the company, valued at approximately $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 106,791 shares of company stock valued at $9,992,318 in the last 90 days. Insiders own 0.71% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on UAL. Barclays upped their target price on shares of United Airlines from $100.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday. Evercore ISI upped their target price on shares of United Airlines from $105.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday. TD Cowen upped 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. Cowen restated a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Finally, Bank of America increased their price target on shares of United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, United Airlines presently has a consensus rating of "Buy" and a consensus price target of $120.21.

United Airlines Stock Up 1.8%

Shares of NASDAQ UAL opened at $94.83 on Friday. United Airlines Holdings Inc has a 1 year low of $52.00 and a 1 year high of $116.00. The firm's 50 day moving average price is $99.45 and its 200 day moving average price is $84.03. The firm has a market cap of $30.70 billion, a P/E ratio of 9.50, a price-to-earnings-growth ratio of 1.21 and a beta of 1.45. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $15.31 billion. During the same quarter last year, the business earned $4.14 earnings per share. United Airlines's revenue 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. As a group, sell-side analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.