Matauro LLC Takes $1.79 Million Position in United Airlines Holdings Inc $UAL

Key Points

• Matauro LLC has acquired a new stake in United Airlines Holdings Inc, purchasing 22,420 shares valued at approximately $1.79 million during the 2nd quarter.
• Analysts have set new price targets for United Airlines, with Jefferies raising their price target from $115.00 to $125.00 and UBS increasing theirs from $114.00 to $131.00, reflecting positive sentiment toward the stock.
• Insider selling activity was noted, with EVP Torbjorn J. Enqvist selling 20,000 shares valued at about $1.84 million, indicating a 24.28% decrease in their position.

Matauro LLC acquired a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 22,420 shares of the transportation company's stock, valued at approximately $1,785,000.

Other large investors also recently modified their holdings of the company. WPG Advisers LLC bought a new stake in shares of United Airlines in the 1st quarter valued at approximately $32,000. Hemington Wealth Management grew its stake in shares of United Airlines by 50.6% in the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock valued at $32,000 after purchasing an additional 160 shares during the period. Eastern Bank bought a new stake in shares of United Airlines in the 1st quarter valued at approximately $35,000. Banque Transatlantique SA bought a new stake in shares of United Airlines in the 1st quarter valued at approximately $35,000. Finally, Strategic Investment Solutions Inc. IL grew its position in United Airlines by 44.0% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 579 shares of the transportation company's stock worth $46,000 after acquiring an additional 177 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on UAL shares. Jefferies Financial Group increased their price target on United Airlines from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday. Wall Street Zen lowered United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. UBS Group increased their price target on United Airlines from $114.00 to $131.00 and gave the stock a "buy" rating in a research report on Friday, September 26th. Bank of America increased their price target on United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. increased their price target on United Airlines from $122.00 to $149.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $120.21.

Insider Buying and Selling

In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm'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 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 filing with the SEC, which can be accessed through this link. Also, Director Barney Harford sold 15,823 shares of the firm's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $90.03, for a total value of $1,424,544.69. Following the sale, the director directly owned 89,000 shares in the company, valued at $8,012,670. The trade was a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,791 shares of company stock worth $9,992,318 over the last 90 days. 0.71% of the stock is currently owned by corporate insiders.

United Airlines Stock Performance

UAL stock opened at $94.83 on Friday. The business's fifty day moving average is $99.45 and its 200-day moving average is $84.03. 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 company has a market cap of $30.70 billion, a P/E ratio of 9.50, a price-to-earnings-growth ratio of 1.21 and a beta of 1.45. United Airlines Holdings Inc has a twelve month low of $52.00 and a twelve month high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $15.24 billion for the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The firm's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Equities research analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current year.

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.

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