Nissay Asset Management Corp Japan ADV Makes New $722,000 Investment in United Airlines Holdings Inc $UAL

Key Points

• Nissay Asset Management Corp Japan ADV has invested approximately $722,000 in United Airlines Holdings Inc, acquiring 10,463 shares during the first quarter.
• Several institutional investors have increased their holdings in United Airlines, with a total of 69.69% of the stock owned by hedge funds and other institutional investors.
• Insider selling has occurred, with executives selling over 106,791 shares of United Airlines stock valued at nearly $10 million in the last ninety days.

Nissay Asset Management Corp Japan ADV acquired a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,463 shares of the transportation company's stock, valued at approximately $722,000.

Several other institutional investors have also modified their holdings of UAL. Bank of New York Mellon Corp boosted its position in United Airlines by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 1,520,643 shares of the transportation company's stock worth $105,000,000 after acquiring an additional 16,477 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of United Airlines during the 1st quarter worth approximately $15,089,000. Generate Investment Management Ltd purchased a new position in United Airlines in the 1st quarter valued at approximately $10,773,000. Exchange Traded Concepts LLC boosted its position in United Airlines by 132.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company's stock valued at $518,000 after buying an additional 4,281 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of United Airlines by 7,225.9% in the 1st quarter. GAMMA Investing LLC now owns 360,579 shares of the transportation company's stock valued at $24,898,000 after purchasing an additional 355,657 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

Insider Activity

In other United Airlines news, EVP Torbjorn J. Enqvist sold 20,000 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 62,358 shares of the company's stock, valued at approximately $5,750,654.76. The trade was a 24.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kate Gebo sold 6,343 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $97.81, for a total value of $620,408.83. Following the completion of the sale, the executive vice president directly owned 69,106 shares of the company's stock, valued at approximately $6,759,257.86. This trade represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 106,791 shares of company stock worth $9,992,318. Corporate insiders own 0.71% of the company's stock.

United Airlines Stock Performance

UAL traded down $2.78 during trading on Friday, reaching $106.58. 6,071,387 shares of the company's stock were exchanged, compared to its average volume of 4,517,731. United Airlines Holdings Inc has a fifty-two week low of $49.89 and a fifty-two week high of $116.00. 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 business has a 50 day moving average price of $95.29 and a 200 day moving average price of $82.23. The company has a market capitalization of $34.50 billion, a P/E ratio of 10.68, a PEG ratio of 1.42 and a beta of 1.47.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS 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 company had revenue of $15.24 billion for the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter in the previous year, the company earned $4.14 EPS. The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. TD Cowen lifted their price target on shares of United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on shares of United Airlines from $122.00 to $149.00 and gave the stock an "overweight" rating in a research report on Friday. Evercore ISI reaffirmed an "outperform" rating and issued a $105.00 target price on shares of United Airlines in a report on Thursday, July 17th. Cowen restated a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Finally, UBS Group boosted their price objective on shares of United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. Two 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 company's stock. According to MarketBeat.com, United Airlines presently has an average rating of "Buy" and a consensus price target of $112.57.

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.