United Airlines Holdings Inc (NASDAQ:UAL) Stock Holdings Decreased by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC has reduced its stake in United Airlines Holdings Inc by 15.5%, owning 26,333 shares valued at approximately $1.8 million after selling 4,837 shares in Q1.
• Insider trading activity included United Airlines President Brett J. Hart selling 24,772 shares, marking an 8.03% reduction in his ownership, while Director Michelle Freyre sold 900 shares, decreasing her holdings by 52.05%.
• Analysts are divided on UAL's prospects, with TD Cowen increasing its price target from $101 to $127 and several firms maintaining or upgrading their ratings, indicating a consensus "buy" rating from most analysts.

Mizuho Securities USA LLC trimmed its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 15.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,333 shares of the transportation company's stock after selling 4,837 shares during the period. Mizuho Securities USA LLC's holdings in United Airlines were worth $1,818,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in United Airlines by 1.1% in the first 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 purchasing an additional 16,477 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of United Airlines during the first quarter worth $15,089,000. Generate Investment Management Ltd acquired a new position in shares of United Airlines during the first quarter worth $10,773,000. Exchange Traded Concepts LLC grew its stake 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 purchasing an additional 4,281 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake 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 purchasing an additional 355,657 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UAL has been the subject of several research analyst reports. Bank of America upped their price objective on shares of United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Cantor Fitzgerald set a $88.00 price objective on shares of United Airlines in a research report on Tuesday, April 22nd. Wall Street Zen downgraded shares of United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Cowen reaffirmed a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, United Airlines has an average rating of "Buy" and an average target price of $111.43.

Insider Buying and Selling at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines 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 sale, the executive vice president owned 62,358 shares of the company's stock, valued at $5,750,654.76. The trade was a 24.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michelle Freyre sold 900 shares of United Airlines stock in a transaction on Monday, July 28th. The stock was sold at an average price of $92.13, for a total transaction of $82,917.00. Following the sale, the director directly owned 829 shares in the company, valued at $76,375.77. This trade represents a 52.05% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,495 shares of company stock worth $6,448,796. Insiders own 0.71% of the company's stock.

United Airlines Trading Down 0.7%

NASDAQ UAL traded down $0.65 during mid-day trading on Thursday, reaching $99.14. 3,875,107 shares of the stock were exchanged, compared to its average volume of 8,097,696. The stock has a market capitalization of $32.09 billion, a PE ratio of 9.93, a PEG ratio of 1.27 and a beta of 1.48. The business's fifty day simple moving average is $84.58 and its 200 day simple moving average is $82.38. United Airlines Holdings Inc has a 1-year low of $40.96 and a 1-year high of $116.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70.

United Airlines (NASDAQ:UAL - Get Free Report) last announced 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 analyst estimates of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. United Airlines's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $4.14 EPS. On average, research analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

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.