8,185 Shares in United Airlines Holdings Inc (NASDAQ:UAL) Bought by Machina Capital S.A.S.

Key Points

• Machina Capital S.A.S. acquired 8,185 shares of United Airlines Holdings Inc, valued at approximately $565,000, during the first quarter.
• Analyst ratings for United Airlines include a consensus rating of "Buy" with a target price averaging $111.43, as two analysts rated it as hold and two as strong buy.
• EVP Torbjorn J. Enqvist sold 20,000 shares for about $1.84 million, reducing their stake by 24.28% as of July 18.

Machina Capital S.A.S. acquired a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,185 shares of the transportation company's stock, valued at approximately $565,000.

Several other hedge funds also recently modified their holdings of the stock. Wahed Invest LLC grew its holdings in shares of United Airlines by 5.4% in the 4th quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company's stock valued at $204,000 after acquiring an additional 108 shares in the last quarter. Wedbush Securities Inc. lifted its stake in United Airlines by 3.3% in the 1st quarter. Wedbush Securities Inc. now owns 4,651 shares of the transportation company's stock valued at $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% in the 4th quarter. Forum Financial Management LP now owns 5,723 shares of the transportation company's stock valued at $556,000 after purchasing an additional 148 shares during the last quarter. Principal Securities Inc. lifted its stake in United Airlines by 2.0% in the 1st quarter. Principal Securities Inc. now owns 7,758 shares of the transportation company's stock valued at $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% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,110 shares of the transportation company's stock valued at $77,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 69.69% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on UAL shares. Jefferies Financial Group cut their target price on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. TD Cowen raised their target price on shares of United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Cantor Fitzgerald set a $88.00 price objective on shares of United Airlines in a research report on Tuesday, April 22nd. Evercore ISI restated an "outperform" rating and set a $105.00 price objective on shares of United Airlines in a research report on Thursday, July 17th. Finally, Bank of America raised their price objective on shares of United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $111.43.

Insiders Place Their Bets

In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of the business's stock in a transaction 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 in the company, valued at $5,750,654.76. The trade was a 24.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.71% of the stock is owned by corporate insiders.

United Airlines Price Performance

NASDAQ:UAL traded up $1.38 during mid-day trading on Friday, reaching $91.11. The stock had a trading volume of 5,260,638 shares, compared to its average volume of 7,927,403. The stock has a 50-day simple moving average of $81.31 and a two-hundred day simple moving average of $83.79. The stock has a market capitalization of $29.50 billion, a PE ratio of 9.13, a P/E/G ratio of 1.16 and a beta of 1.42. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. United Airlines Holdings Inc has a 12 month low of $37.02 and a 12 month high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) 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 last year, the firm posted $4.14 earnings per share. The firm's quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current 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.