First Citizens Bank & Trust Co. Buys 19,925 Shares of United Airlines Holdings Inc $UAL

Key Points

• First Citizens Bank & Trust Co. increased its stake in United Airlines by 28.2% by purchasing an additional 19,925 shares, bringing its total holdings to 90,471 shares valued at approximately $7.2 million.
• Analysts have mixed opinions about United Airlines' stock, with Weiss Ratings downgrading it to a "hold," while Barclays and Jefferies boosted their price targets, indicating confidence in its potential upside.
• Insider trading activity was noted as Director Barney Harford sold 9,000 shares, reducing his holdings by over 10%, while 86,791 shares were sold by insiders in total over the last 90 days.

First Citizens Bank & Trust Co. boosted its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 28.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,471 shares of the transportation company's stock after acquiring an additional 19,925 shares during the period. First Citizens Bank & Trust Co.'s holdings in United Airlines were worth $7,204,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of UAL. WPG Advisers LLC acquired a new position in United Airlines in the first quarter valued at about $32,000. Hemington Wealth Management increased its holdings in 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 purchasing an additional 160 shares during the period. Eastern Bank acquired a new position in United Airlines during the 1st quarter worth about $35,000. Banque Transatlantique SA bought a new stake in shares of United Airlines in the 1st quarter valued at about $35,000. Finally, Strategic Investment Solutions Inc. IL increased its stake in shares of United Airlines by 44.0% in the second quarter. Strategic Investment Solutions Inc. IL now owns 579 shares of the transportation company's stock valued at $46,000 after buying an additional 177 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on UAL. Weiss Ratings cut United Airlines from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. Barclays increased their price target on United Airlines from $115.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, October 17th. Jefferies Financial Group boosted their price objective on United Airlines from $115.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, October 1st. Susquehanna lifted their price target on shares of United Airlines from $109.00 to $115.00 and gave the company a "positive" rating in a research report on Friday, October 3rd. Finally, TD Cowen lifted their price objective on shares of United Airlines from $127.00 to $138.00 and gave the company a "buy" rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, United Airlines currently has an average rating of "Buy" and a consensus target price of $124.93.

Insiders Place Their Bets

In other news, Director Barney Harford sold 9,000 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 80,000 shares of the company's stock, valued at $7,820,800. This represents a 10.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kate Gebo sold 6,343 shares of United Airlines stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $97.81, for a total transaction of $620,408.83. Following the completion of the sale, the executive vice president directly owned 69,106 shares in the company, valued at $6,759,257.86. This trade represents a 8.41% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,791 shares of company stock valued at $8,147,918. 0.71% of the stock is currently owned by company insiders.

United Airlines Stock Performance

Shares of UAL stock opened at $96.90 on Thursday. United Airlines Holdings Inc has a one year low of $52.00 and a one year high of $116.00. The company has a market cap of $31.37 billion, a P/E ratio of 9.71, a P/E/G ratio of 0.94 and a beta of 1.45. The firm has a 50-day moving average of $101.86 and a 200-day moving average of $86.68. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.67 and a quick ratio of 0.61.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Wednesday, October 15th. The transportation company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.65 by $0.13. The firm had revenue of $15.23 billion for the quarter, compared to analysts' expectations of $15.31 billion. United Airlines had a net margin of 5.64% and a return on equity of 26.94%. The company's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.33 EPS. United Airlines has set its Q4 2025 guidance at 3.000-3.500 EPS. Equities research analysts forecast 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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