Gulf International Bank UK Ltd Buys Shares of 4,900 United Airlines Holdings Inc $UAL

Key Points

• Gulf International Bank UK Ltd acquired 4,900 shares of United Airlines, valued at approximately $338,000, indicating institutional interest in the company.
• Recent insider transactions revealed that EVP Torbjorn J. Enqvist sold 20,000 shares, reducing their ownership by 24.28%, while Director Michelle Freyre sold 900 shares, decreasing her holdings by 52.05%.
• Wall Street analysts remain optimistic, with Bank of America and UBS raising their price targets for United Airlines, reflecting a consensus rating of "Buy" among analysts.

Gulf International Bank UK Ltd bought a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 4,900 shares of the transportation company's stock, valued at approximately $338,000.

Other institutional investors have also modified their holdings of the company. Capital A Wealth Management LLC acquired a new position in United Airlines during the 4th quarter worth approximately $31,000. Hemington Wealth Management lifted its position in United Airlines by 50.6% during the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock worth $32,000 after acquiring an additional 160 shares in the last quarter. Eastern Bank acquired a new position in United Airlines during the 1st quarter worth approximately $35,000. CENTRAL TRUST Co lifted its position in United Airlines by 57.2% during the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after acquiring an additional 297 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new position in United Airlines during the 4th quarter worth approximately $58,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Stock Performance

NASDAQ UAL traded down $0.18 during trading hours on Tuesday, hitting $102.19. The company had a trading volume of 3,731,033 shares, compared to its average volume of 5,499,097. United Airlines Holdings Inc has a fifty-two week low of $40.96 and a fifty-two week high of $116.00. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56. The business has a fifty day simple moving average of $86.05 and a 200-day simple moving average of $82.03. The firm has a market cap of $33.08 billion, a P/E ratio of 10.24, a price-to-earnings-growth ratio of 1.33 and a beta of 1.48.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.81 by $0.06. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The company had revenue of $15.24 billion during the quarter, compared to analysts' expectations of $15.31 billion. During the same quarter in the prior year, the business posted $4.14 earnings per share. The company'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. Equities analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Insider Activity at United Airlines

In other news, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines 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 of the company's stock, valued at approximately $5,750,654.76. This trade represents a 24.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Brett J. Hart sold 24,772 shares of United Airlines stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $89.50, for a total value of $2,217,094.00. Following the sale, the president directly owned 283,638 shares in the company, valued at $25,385,601. The trade was a 8.03% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,791 shares of company stock worth $9,992,318. 0.63% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Susquehanna upped their target price on United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a research report on Tuesday, July 15th. Bank of America upped their target price on United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Wall Street Zen lowered United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Cantor Fitzgerald set a $88.00 target price on United Airlines in a research report on Tuesday, April 22nd. Finally, UBS Group upped their price target on United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. Two 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 company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $111.43.

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.