United Airlines Holdings Inc $UAL Stock Holdings Boosted by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management Co. Ltd. significantly increased its stake in United Airlines by 1,195.6%, acquiring an additional 25,873 shares, bringing its total holdings to 28,037 shares valued at approximately $1.943 million.
• Wall Street analysts are optimistic about United Airlines, with a consensus price target of $111.43, and overall ratings suggesting a strong buy from the majority of analysts.
• United Airlines recently reported earnings that exceeded expectations with a net income margin of 5.71% and a quarterly revenue of $15.24 billion, despite a slight year-over-year revenue increase of 1.4%.

Resona Asset Management Co. Ltd. grew its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 1,195.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,037 shares of the transportation company's stock after purchasing an additional 25,873 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in United Airlines were worth $1,943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Capital A Wealth Management LLC acquired a new position in United Airlines in the fourth quarter valued at approximately $31,000. Hemington Wealth Management lifted its holdings in United Airlines by 50.6% in the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock valued at $32,000 after acquiring an additional 160 shares during the period. Eastern Bank acquired a new position in United Airlines during the first quarter worth about $35,000. CENTRAL TRUST Co grew its holdings in shares of United Airlines by 57.2% in the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after acquiring an additional 297 shares during the period. Finally, Ameriflex Group Inc. purchased a new stake in United Airlines during the fourth quarter worth $58,000. Institutional investors and hedge funds own 69.69% of the company's stock.

United Airlines Trading Down 0.2%

UAL stock traded down $0.18 on Tuesday, hitting $102.19. 3,731,033 shares of the company were exchanged, compared to its average volume of 5,499,097. United Airlines Holdings Inc has a twelve month low of $40.96 and a twelve month high of $116.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. The business's fifty day moving average is $86.05 and its two-hundred day moving average is $82.03. The stock has a market capitalization of $33.08 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 1.33 and a beta of 1.48.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, topping analysts' consensus estimates of $3.81 by $0.06. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The company had revenue of $15.24 billion for the quarter, compared to the consensus estimate of $15.31 billion. During the same period last year, the business posted $4.14 EPS. The company's quarterly revenue 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, research analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

UAL has been the topic of several recent research reports. Barclays reiterated an "overweight" rating and issued a $100.00 price objective (up from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. Evercore ISI reaffirmed an "outperform" rating and issued a $105.00 price target on shares of United Airlines in a report on Thursday, July 17th. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Susquehanna lifted their price objective on United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research report on Tuesday, July 15th. Finally, Cowen reiterated a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Two investment 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. Based on data from MarketBeat, United Airlines currently has a consensus rating of "Buy" and an average price target of $111.43.

Insiders Place Their Bets

In related news, Director Michelle Freyre sold 900 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.13, for a total transaction of $82,917.00. Following the completion of the sale, the director owned 829 shares of the company's stock, valued at $76,375.77. This represents a 52.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barney Harford sold 9,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $97.76, for a total transaction of $879,840.00. Following the sale, the director owned 80,000 shares in the company, valued at approximately $7,820,800. This trade represents a 10.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,791 shares of company stock valued at $9,992,318. 0.63% of the stock is owned by insiders.

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.