United Airlines Holdings Inc $UAL Position Reduced by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH has reduced its position in United Airlines by 7.1%, now holding 1,186,622 shares worth approximately $94.49 million.
• Insider trading activity saw Kate Gebo and President Brett J. Hart sell shares, resulting in a decrease of about 8% in their respective holdings.
• Shares of United Airlines traded down 5.6% recently, with analysts giving a consensus "Buy" rating and an average target price of $123.38.

Allianz Asset Management GmbH cut its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 7.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,186,622 shares of the transportation company's stock after selling 90,752 shares during the quarter. Allianz Asset Management GmbH owned 0.37% of United Airlines worth $94,491,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake 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 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 stake in United Airlines during the first quarter valued at about $15,089,000. Generate Investment Management Ltd purchased a new stake in United Airlines during the first quarter valued at about $10,773,000. Exchange Traded Concepts LLC lifted its stake in United Airlines by 132.9% during the first 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 in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of United Airlines by 147.5% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,113 shares of the transportation company's stock worth $1,113,000 after purchasing an additional 9,604 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Kate Gebo sold 6,343 shares of the stock in a transaction that occurred 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 owned 69,106 shares in the company, valued at $6,759,257.86. This trade represents a 8.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Brett J. Hart sold 24,772 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $89.50, for a total value of $2,217,094.00. Following the transaction, the president owned 283,638 shares in the company, valued at approximately $25,385,601. This trade represents a 8.03% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,791 shares of company stock valued at $8,147,918. Company insiders own 0.71% of the company's stock.

United Airlines Trading Down 5.6%

Shares of NASDAQ:UAL opened at $98.19 on Friday. The stock has a market capitalization of $31.79 billion, a PE ratio of 9.84, a P/E/G ratio of 1.32 and a beta of 1.45. United Airlines Holdings Inc has a 1 year low of $52.00 and a 1 year high of $116.00. The firm has a fifty day moving average price of $101.46 and a 200 day moving average price of $85.72. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Wednesday, October 15th. The transportation company reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.65 by $0.13. The firm had revenue of $15.23 billion during the quarter, compared to analysts' expectations of $15.31 billion. United Airlines had a net margin of 5.64% and a return on equity of 27.68%. United Airlines's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.33 earnings per share. United Airlines has set its Q4 2025 guidance at 3.000-3.500 EPS. Analysts expect that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on UAL shares. Cowen restated a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Bank of America raised their price target on shares of United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Barclays raised their price target on shares of United Airlines from $100.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. raised their price target on shares of United Airlines from $122.00 to $149.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Finally, Evercore ISI raised their price target on shares of United Airlines from $105.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, United Airlines currently has a consensus rating of "Buy" and an average target price of $123.38.

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.

Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Airlines Holdings Inc (NASDAQ:UAL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.