United Airlines Holdings Inc (NASDAQ:UAL) Shares Acquired by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in United Airlines by 45.2%, owning 245,695 shares valued at approximately $16.97 million as of the latest SEC filing.
• United Airlines reported $3.87 earnings per share (EPS) for the last quarter, exceeding estimates, with a net revenue of $15.24 billion.
• Analysts have rated United Airlines stock predominantly as a buy, with an average target price of $111.43 per share, reflecting strong market confidence.

LPL Financial LLC boosted its holdings in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 45.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 245,695 shares of the transportation company's stock after buying an additional 76,450 shares during the period. LPL Financial LLC owned approximately 0.08% of United Airlines worth $16,965,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Pacer Advisors Inc. boosted its stake in shares of United Airlines by 10,777.6% in the first quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock valued at $349,953,000 after purchasing an additional 5,021,511 shares during the period. Sanders Capital LLC lifted its holdings in United Airlines by 46.4% in the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock worth $1,344,671,000 after buying an additional 4,390,721 shares in the last quarter. FMR LLC lifted its holdings in United Airlines by 70.9% in the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock worth $705,798,000 after buying an additional 3,015,979 shares in the last quarter. Senator Investment Group LP lifted its holdings in United Airlines by 214.8% in the 4th quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock worth $316,648,000 after buying an additional 2,225,000 shares in the last quarter. Finally, Capital World Investors lifted its holdings in United Airlines by 22.4% in the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock worth $950,461,000 after buying an additional 1,791,654 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Insider Activity

In other news, President Brett J. Hart sold 24,772 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the completion of the transaction, the president owned 283,638 shares of the company's stock, valued at approximately $25,385,601. The trade was a 8.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the business's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the transaction, the executive vice president directly 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 45,672 shares of company stock valued at $4,144,411. 0.71% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on UAL shares. Wall Street Zen lowered shares of United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Sanford C. Bernstein reiterated an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Cowen reiterated a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a research note on Tuesday, April 22nd. Finally, Bank of America lifted their price target on shares of United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $111.43.

United Airlines Stock Performance

UAL stock traded up $1.31 during trading on Friday, hitting $89.29. 4,641,259 shares of the company's stock traded hands, compared to its average volume of 7,298,136. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56. United Airlines Holdings Inc has a 52 week low of $40.13 and a 52 week high of $116.00. The stock has a fifty day moving average price of $83.71 and a two-hundred day moving average price of $82.57. The stock has a market capitalization of $28.91 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48.

United Airlines (NASDAQ:UAL - Get Free Report) last released its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $15.31 billion. During the same quarter in the previous year, the firm earned $4.14 earnings per share. The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities analysts anticipate 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.