United Airlines Holdings Inc $UAL Shares Bought by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. has increased its holdings in United Airlines Holdings Inc. by 127.2%, accumulating a total of 25,323 shares valued at approximately $1.749 million as of the most recent reporting period.
• United Airlines reported an EPS of $3.87 for the latest quarter, exceeding analysts' estimates of $3.81, despite a 1.4% increase in revenue year-over-year to $15.24 billion.
• Wall Street analysts have varying opinions on United Airlines, with recent target price adjustments ranging from $90.00 to $114.00, reflecting a consensus rating of "Buy".

Maverick Capital Ltd. raised its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 127.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,323 shares of the transportation company's stock after buying an additional 14,177 shares during the period. Maverick Capital Ltd.'s holdings in United Airlines were worth $1,749,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of UAL. Pacer Advisors Inc. boosted its holdings in United Airlines by 10,777.6% in 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 last quarter. Fred Alger Management LLC acquired a new stake in United Airlines in the 4th quarter valued at about $155,860,000. Assenagon Asset Management S.A. raised its holdings in United Airlines by 1,264.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,604,783 shares of the transportation company's stock valued at $110,810,000 after acquiring an additional 1,487,167 shares during the last quarter. Allianz Asset Management GmbH lifted its position in United Airlines by 1,575.1% during the first quarter. Allianz Asset Management GmbH now owns 1,277,374 shares of the transportation company's stock worth $88,203,000 after buying an additional 1,201,118 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in United Airlines during the first quarter worth $72,722,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Performance

NASDAQ UAL traded down $0.11 during trading on Thursday, reaching $106.05. The company's stock had a trading volume of 5,035,991 shares, compared to its average volume of 7,796,740. United Airlines Holdings Inc has a twelve month low of $44.57 and a twelve month 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. The business's fifty day moving average price is $92.02 and its 200-day moving average price is $82.01. The firm has a market cap of $34.33 billion, a price-to-earnings ratio of 10.63, a P/E/G ratio of 1.36 and a beta of 1.47.

United Airlines (NASDAQ:UAL - Get Free Report) last announced 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 firm had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter last year, the firm earned $4.14 earnings per share. The firm'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 anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Insider Activity at United Airlines

In related news, Director Michelle Freyre sold 900 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.13, for a total value of $82,917.00. Following the completion of the sale, the director owned 829 shares in the company, valued at $76,375.77. This trade represents a 52.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kate Gebo sold 6,343 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $97.81, for a total transaction of $620,408.83. Following the completion of the sale, the executive vice president owned 69,106 shares of the company's stock, valued at $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 worth $9,992,318. 0.71% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UAL. Evercore ISI reiterated an "outperform" rating and set a $105.00 price target on shares of United Airlines in a report on Thursday, July 17th. Barclays restated an "overweight" rating and set a $100.00 price objective (up from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. Cowen reissued a "buy" rating on shares of United Airlines in a research note on Tuesday, July 15th. Wall Street Zen lowered shares of United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Finally, TD Cowen raised their target price on United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research note 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 MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $111.43.

United Airlines Company 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.