Swedbank AB Has $6.81 Million Position in United Airlines Holdings Inc $UAL

Swedbank AB boosted its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 11,366.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,541 shares of the transportation company's stock after buying an additional 84,795 shares during the quarter. Swedbank AB's holdings in United Airlines were worth $6,812,000 as of its most recent SEC filing.

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

Insider Buying and Selling at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the completion of the transaction, the executive vice president owned 62,358 shares of the company's stock, valued at $5,750,654.76. This trade represents a 24.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kate Gebo sold 6,343 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $97.81, for a total transaction of $620,408.83. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,791 shares of company stock valued at $9,992,318. Company insiders own 0.63% of the company's stock.

United Airlines Price Performance

Shares of UAL opened at $106.31 on Monday. The company has a market cap of $34.42 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 1.38 and a beta of 1.47. United Airlines Holdings Inc has a twelve month low of $51.44 and a twelve month 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 company has a 50 day moving average of $97.86 and a two-hundred day moving average of $82.67.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share 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 during the quarter, compared to the consensus estimate of $15.31 billion. During the same period last year, the firm earned $4.14 earnings per share. United Airlines's 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, analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on UAL. Wall Street Zen cut United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Cowen reiterated a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Bank of America lifted their target price on shares of United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a report on Friday, July 18th. Susquehanna lifted their target price on shares of United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research report on Tuesday, July 15th. Finally, TD Cowen upped their target price on shares of United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $112.57.

United Airlines 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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