United Airlines Holdings Inc $UAL Shares Purchased by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd increased its stake in United Airlines by 26.2%, acquiring an additional 6,586 shares during the first quarter, bringing its total holdings to 31,726 shares valued at approximately $2.19 million.
• Several analysts have upgraded their price targets for United Airlines, with TD Cowen raising it from $101.00 to $127.00, indicating strong bullish sentiment among research analysts.
• The airline reported $3.87 earnings per share for the latest quarter, surpassing analyst expectations, although revenue was slightly below forecasts at $15.24 billion.

UniSuper Management Pty Ltd lifted its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 26.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,726 shares of the transportation company's stock after purchasing an additional 6,586 shares during the quarter. UniSuper Management Pty Ltd's holdings in United Airlines were worth $2,191,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UAL. Capital A Wealth Management LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at approximately $31,000. Hemington Wealth Management grew its position in United Airlines by 50.6% in the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock worth $32,000 after acquiring an additional 160 shares during the period. WPG Advisers LLC purchased a new position in United Airlines in the first quarter worth approximately $32,000. Eastern Bank purchased a new position in United Airlines in the first quarter worth approximately $35,000. Finally, Banque Transatlantique SA purchased a new position in United Airlines in the first quarter worth approximately $35,000. Institutional investors and hedge funds own 69.69% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on UAL shares. TD Cowen increased their price objective on United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Bank of America increased their price objective on United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Barclays reiterated an "overweight" rating and issued a $100.00 price objective (up from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. Susquehanna increased their price objective on United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research report on Tuesday, July 15th. Finally, UBS Group increased their price objective on United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $111.43.

United Airlines Trading Up 1.8%

Shares of NASDAQ UAL opened at $107.51 on Thursday. United Airlines Holdings Inc has a twelve month low of $47.46 and a twelve month high of $116.00. 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 stock has a fifty day simple moving average of $94.75 and a 200-day simple moving average of $82.15. The stock has a market capitalization of $34.80 billion, a PE ratio of 10.77, a PEG ratio of 1.37 and a beta of 1.47.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data 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. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The business had revenue of $15.24 billion during the quarter, compared to analysts' expectations of $15.31 billion. During the same period in the previous year, the firm posted $4.14 earnings per share. The company's 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. On average, equities analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Insider Transactions at United Airlines

In other United Airlines news, Director Michelle Freyre sold 900 shares of United Airlines stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.13, for a total transaction of $82,917.00. Following the completion of the sale, the director directly owned 829 shares of the company's stock, valued at $76,375.77. The trade was a 52.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barney Harford sold 15,823 shares of United Airlines stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $90.03, for a total value of $1,424,544.69. Following the sale, the director directly owned 89,000 shares of the company's stock, valued at $8,012,670. This trade represents a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,791 shares of company stock valued at $9,992,318 in the last 90 days. Insiders own 0.71% of the company's stock.

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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