Handelsbanken Fonder AB Sells 42,827 Shares of United Airlines Holdings Inc $UAL

Key Points

• Handelsbanken Fonder AB cut its United Airlines stake by 39.9% in the second quarter, selling 42,827 shares and retaining 64,518 shares valued at approximately $8.8 million.
• United Airlines exceeded quarterly expectations, reporting $1.99 EPS versus the $1.88 consensus and $17.67 billion in revenue, up 16.4% year over year. The company guided to fiscal 2026 EPS of $9.00–$11.00.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $156.79 average price target; however, insiders sold about $35.95 million of stock over the past three months.

Handelsbanken Fonder AB trimmed its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 39.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,518 shares of the transportation company's stock after selling 42,827 shares during the quarter. Handelsbanken Fonder AB's holdings in United Airlines were worth $8,774,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Wealth Managment LLC ID acquired a new stake in United Airlines during the 4th quarter worth approximately $25,000. Western Wealth Management LLC bought a new stake in United Airlines during the 1st quarter worth approximately $27,000. Elevation Wealth Partners LLC increased its position in United Airlines by 393.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company's stock valued at $29,000 after acquiring an additional 169 shares during the period. JPL Wealth Management LLC bought a new position in shares of United Airlines during the third quarter valued at $29,000. Finally, Cache Advisors LLC bought a new position in shares of United Airlines during the first quarter valued at $33,000. 69.69% of the stock is currently owned by institutional investors.

Insider Activity

In other United Airlines news, EVP Andrew P. Nocella sold 4,200 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $120.48, for a total transaction of $506,016.00. Following the transaction, the executive vice president directly owned 222,955 shares in the company, valued at approximately $26,861,618.40. This represents a 1.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO J Scott Kirby sold 159,321 shares of the firm's stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $118.05, for a total transaction of $18,807,844.05. Following the sale, the chief executive officer directly owned 797,851 shares of the company's stock, valued at approximately $94,186,310.55. This trade represents a 16.64% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 306,010 shares of company stock worth $35,949,843. Company insiders own 0.86% of the company's stock.

United Airlines Stock Performance

UAL stock opened at $126.35 on Friday. The stock has a 50-day moving average price of $122.89 and a 200-day moving average price of $108.01. United Airlines Holdings Inc has a 1-year low of $84.64 and a 1-year high of $138.77. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.45. The firm has a market cap of $41.01 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 0.93 and a beta of 1.28.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.88 by $0.11. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The company had revenue of $17.67 billion for the quarter, compared to the consensus estimate of $17.62 billion. During the same period in the previous year, the business earned $3.87 EPS. The firm's revenue was up 16.4% compared to the same quarter last year. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. As a group, equities research analysts expect that United Airlines Holdings Inc will post 10.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays boosted their price objective on shares of United Airlines from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Susquehanna lowered their target price on United Airlines from $172.00 to $165.00 and set a "positive" rating for the company in a research report on Friday, July 17th. Sanford C. Bernstein lifted their target price on United Airlines from $136.00 to $153.00 and gave the stock an "outperform" rating in a report on Wednesday, July 1st. Zacks Research upgraded United Airlines from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 11th. Finally, BMO Capital Markets increased their price target on United Airlines from $130.00 to $157.50 and gave the company an "outperform" rating in a research note on Thursday, July 2nd. Sixteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, United Airlines presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.79.

About United Airlines

United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.

In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.

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