United Airlines Holdings Inc $UAL Shares Acquired by Chapin Davis Inc.

Key Points

• Chapin Davis Inc. increased its holdings in United Airlines by 60.0%, totaling 6,400 shares valued at approximately $510,000 as of its latest SEC filing.
• Insider transactions showed significant sales, with EVP Kate Gebo and President Brett J. Hart selling substantial shares, resulting in an 8.41% and 8.03% decrease in their ownership, respectively.
• Several analysts have raised their price target for United Airlines, with Susquehanna targeting $109.00 and JPMorgan setting a target at $149.00, reflecting a positive outlook on the stock.

Chapin Davis Inc. lifted its holdings in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 60.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,400 shares of the transportation company's stock after purchasing an additional 2,400 shares during the quarter. Chapin Davis Inc.'s holdings in United Airlines were worth $510,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new stake in United Airlines in the fourth quarter worth about $31,000. WPG Advisers LLC purchased a new position in shares of United Airlines in the 1st quarter valued at approximately $32,000. Hemington Wealth Management boosted its stake in United Airlines by 50.6% in the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock worth $32,000 after purchasing an additional 160 shares in the last quarter. Eastern Bank acquired a new stake in United Airlines in the 1st quarter worth approximately $35,000. Finally, Banque Transatlantique SA purchased a new stake in United Airlines during the 1st quarter worth approximately $35,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at United Airlines

In related news, EVP Kate Gebo sold 6,343 shares of United Airlines 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 approximately $6,759,257.86. This trade represents a 8.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Brett J. Hart sold 24,772 shares of the business's stock in a transaction 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 transaction, the president directly owned 283,638 shares in the company, valued at $25,385,601. This trade represents a 8.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,791 shares of company stock valued at $9,992,318. 0.63% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

UAL has been the subject of several research reports. Susquehanna lifted their price objective on shares of United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. boosted their target price on shares of United Airlines from $122.00 to $149.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Bank of America increased their price target on United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. TD Cowen lifted their price objective on United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, Cowen restated a "buy" rating on shares of United Airlines in a research note on Tuesday, July 15th. Two research 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. According to data from MarketBeat, United Airlines presently has a consensus rating of "Buy" and a consensus target price of $112.57.

United Airlines Stock Performance

UAL opened at $106.31 on Monday. United Airlines Holdings Inc has a twelve month low of $51.44 and a twelve month high of $116.00. The firm has a market capitalization of $34.42 billion, a PE ratio of 10.65, a PEG ratio of 1.38 and a beta of 1.47. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. The firm's 50-day moving average price is $97.86 and its 200 day moving average price is $82.67.

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, beating analysts' consensus estimates 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 quarter in the prior year, the firm earned $4.14 EPS. United Airlines's quarterly revenue was up 1.4% on a year-over-year basis. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, sell-side analysts expect that United Airlines Holdings Inc will post 12.96 EPS 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.

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