Meeder Advisory Services Inc. Buys New Shares in United Airlines Holdings Inc $UAL

Key Points

• Meeder Advisory Services initiated a position in United Airlines by purchasing 14,033 shares worth approximately $1.9 million. Institutional investors now own about 69.69% of the company.
• Analysts remain broadly optimistic, with 16 Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and an average price target of $156.79.
• United Airlines exceeded quarterly earnings and revenue expectations, reporting $1.99 in EPS and $17.67 billion in revenue, although the stock opened down 2.9% at $118.72.

Meeder Advisory Services Inc. purchased a new position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 14,033 shares of the transportation company's stock, valued at approximately $1,908,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank acquired a new stake in United Airlines during the fourth quarter valued at approximately $234,244,000. Deutsche Bank AG bought a new position in shares of United Airlines during the 2nd quarter worth approximately $178,571,000. Bank of New York Mellon Corp bought a new position in shares of United Airlines during the 2nd quarter worth approximately $178,508,000. Holocene Advisors LP acquired a new stake in United Airlines in the 2nd quarter valued at $84,753,000. Finally, AQR Capital Management LLC boosted its stake in United Airlines by 56.8% in the 4th quarter. AQR Capital Management LLC now owns 2,928,657 shares of the transportation company's stock valued at $325,549,000 after buying an additional 1,060,371 shares in the last quarter. Institutional investors own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on UAL shares. Morgan Stanley increased their price objective on United Airlines from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. boosted their target price on shares of United Airlines from $156.00 to $203.00 and gave the company an "overweight" rating in a research note on Friday, July 17th. The Goldman Sachs Group upped their target price on shares of United Airlines from $131.00 to $162.00 and gave the stock a "buy" rating in a report on Thursday, July 2nd. TD Cowen increased their target price on shares of United Airlines from $150.00 to $176.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. Finally, Barclays lifted their price target on shares of United Airlines from $150.00 to $175.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. Sixteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $156.79.

United Airlines Trading Down 2.9%

UAL stock opened at $118.72 on Wednesday. The business has a fifty day moving average price of $123.80 and a 200 day moving average price of $108.36. United Airlines Holdings Inc has a fifty-two week low of $84.64 and a fifty-two week high of $138.77. The stock has a market capitalization of $38.53 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 0.93 and a beta of 1.28. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.78 and a quick ratio of 0.72.

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

Insiders Place Their Bets

In related news, EVP Andrew P. Nocella sold 4,200 shares of the company's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $120.48, for a total transaction of $506,016.00. Following the transaction, the executive vice president owned 222,955 shares in the company, valued at $26,861,618.40. This represents a 1.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Brett J. Hart sold 30,108 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $120.72, for a total transaction of $3,634,637.76. Following the sale, the president directly owned 371,583 shares in the company, valued at approximately $44,857,499.76. This represents a 7.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 306,010 shares of company stock valued at $35,949,843 over the last three months. Company insiders own 0.86% of the company's stock.

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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