United Airlines Holdings Inc (NASDAQ:UAL) Stake Raised by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank increased its stake in United Airlines Holdings Inc by 212.6% in the first quarter, owning over 30,000 shares valued at $2.1 million as of the latest SEC filing.
• United Airlines received reaffirmed ratings from various analysts, with Bank of America raising its target price from $90 to $108, while the stock currently has a consensus price target of $111.43.
• Despite a recent stock price decline of 4.2%, United Airlines reported a quarterly earnings per share of $3.87, surpassing estimates, with revenue of $15.24 billion.

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 212.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,447 shares of the transportation company's stock after acquiring an additional 20,707 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in United Airlines were worth $2,102,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in United Airlines by 10,777.6% during the 1st quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock worth $349,953,000 after buying an additional 5,021,511 shares during the period. Sanders Capital LLC raised its holdings in United Airlines by 46.4% during the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock worth $1,344,671,000 after buying an additional 4,390,721 shares during the period. FMR LLC raised its holdings in United Airlines by 70.9% during the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock worth $705,798,000 after buying an additional 3,015,979 shares during the period. Senator Investment Group LP raised its holdings in United Airlines by 214.8% during the 4th quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock worth $316,648,000 after buying an additional 2,225,000 shares during the period. Finally, Capital World Investors grew its stake in United Airlines by 22.4% during the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock valued at $950,461,000 after acquiring an additional 1,791,654 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UAL. Cowen reaffirmed a "buy" rating on shares of United Airlines in a research note on Tuesday, July 15th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Evercore ISI reaffirmed an "outperform" rating and set a $105.00 target price on shares of United Airlines in a research note on Thursday, July 17th. Bank of America lifted their target price on United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, Barclays reaffirmed an "overweight" rating and set a $100.00 target price (up previously from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $111.43.

United Airlines Trading Down 4.2%

Shares of NASDAQ UAL opened at $84.57 on Friday. The stock has a market cap of $27.38 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 1.09 and a beta of 1.48. The business has a 50 day simple moving average of $82.65 and a 200 day simple moving average of $83.08. United Airlines Holdings Inc has a 52 week low of $37.02 and a 52 week 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 EPS for the quarter, beating the consensus estimate of $3.81 by $0.06. The business had revenue of $15.24 billion during the quarter, compared to analysts' expectations of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%. The firm's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.14 EPS. On average, research analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other United Airlines news, EVP Torbjorn J. Enqvist sold 20,000 shares of the company's stock in a transaction that occurred on 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 owned 62,358 shares of the company's stock, valued at $5,750,654.76. This represents a 24.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Brett J. Hart sold 24,772 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $89.50, for a total value of $2,217,094.00. Following the sale, the president directly owned 283,638 shares of the company's stock, valued at $25,385,601. The trade was a 8.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,672 shares of company stock valued at $4,144,411 over the last 90 days. 0.71% of the stock is currently owned by company insiders.

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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