United Airlines Holdings Inc $UAL Shares Purchased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its stake in United Airlines Holdings by 3.7%, now owning approximately 928,564 shares valued at $63.9 million.
• Insider transactions indicate selling pressure, with Director Barney Harford and EVP Kate Gebo selling a combined 45,776 shares worth over $4.3 million.
• Analysts are optimistic about United Airlines, with several firms raising their target prices, resulting in an average price target of $111.43 and a consensus rating of Buy.

Hsbc Holdings PLC increased its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 3.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 928,564 shares of the transportation company's stock after purchasing an additional 33,188 shares during the quarter. Hsbc Holdings PLC owned 0.28% of United Airlines worth $63,921,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Wahed Invest LLC lifted its stake in United Airlines by 5.4% during the fourth quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company's stock worth $204,000 after purchasing an additional 108 shares during the last quarter. Wedbush Securities Inc. lifted its stake in 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 purchasing an additional 147 shares during the last quarter. Forum Financial Management LP lifted its stake in United Airlines by 2.7% during the fourth quarter. Forum Financial Management LP now owns 5,723 shares of the transportation company's stock worth $556,000 after purchasing an additional 148 shares during the last quarter. Principal Securities Inc. lifted its stake in 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 purchasing an additional 149 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in 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 purchasing an additional 150 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling at United Airlines

In related news, EVP Kate Gebo sold 6,343 shares of United Airlines stock in a transaction dated 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 directly owned 69,106 shares in the company, valued at $6,759,257.86. The trade was a 8.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michelle Freyre sold 900 shares of United Airlines stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.13, for a total transaction of $82,917.00. Following the sale, the director owned 829 shares in the company, valued at approximately $76,375.77. This represents a 52.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,791 shares of company stock valued at $9,992,318. 0.63% of the stock is currently owned by insiders.

United Airlines Stock Performance

Shares of NASDAQ UAL traded up $5.80 during midday trading on Friday, reaching $102.98. 6,037,970 shares of the company traded hands, compared to its average volume of 5,158,545. United Airlines Holdings Inc has a 52 week low of $40.96 and a 52 week high of $116.00. The stock has a 50-day moving average price of $87.45 and a 200 day moving average price of $81.89. 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 company has a market cap of $33.34 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 1.33 and a beta of 1.48.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, beating 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 business had revenue of $15.24 billion for the quarter, compared to analysts' expectations of $15.31 billion. During the same period in the previous year, the business earned $4.14 earnings per share. 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. Sell-side analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on UAL shares. Susquehanna raised their price objective on United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research note on Tuesday, July 15th. Wall Street Zen cut United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Bank of America raised their target price on United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, July 18th. UBS Group raised their target price on United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th. Finally, Cowen reiterated a "buy" rating on shares of United Airlines in a research note on Tuesday, July 15th. Two 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's stock. Based on data from MarketBeat, United Airlines has a consensus rating of "Buy" and an average target price of $111.43.

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.