United Airlines Holdings Inc $UAL Shares Sold by Bank of America Corp DE

Key Points

• Bank of America reduced its United Airlines stake by 28% in the first quarter, selling 412,627 shares and retaining 1.06 million shares valued at approximately $97.6 million.
• Wall Street remains broadly positive, with 16 analysts rating UAL a Buy and two assigning a Hold rating. The stock has a “Moderate Buy” consensus and an average price target of $156.79.
• United Airlines beat quarterly earnings and revenue estimates, reporting $1.99 in EPS and $17.67 billion in revenue, while revenue increased 16.4% year over year. However, company insiders sold roughly $35.9 million worth of shares over the past three months.

Bank of America Corp DE trimmed its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 28.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,059,554 shares of the transportation company's stock after selling 412,627 shares during the period. Bank of America Corp DE owned approximately 0.33% of United Airlines worth $97,553,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID acquired a new position in shares of United Airlines during the 4th quarter valued at $25,000. JPL Wealth Management LLC purchased a new position in United Airlines in the third quarter valued at about $29,000. Cache Advisors LLC purchased a new position in United Airlines in the first quarter valued at about $33,000. BOCHK Asset Management Ltd acquired a new position in shares of United Airlines during the fourth quarter worth about $34,000. Finally, Motiv8 Investments LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

Wall Street Analysts Forecast Growth

UAL has been the topic of several recent research reports. The Goldman Sachs Group boosted their price target on United Airlines from $131.00 to $162.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. boosted their target price on shares of United Airlines from $156.00 to $203.00 and gave the stock an "overweight" rating in a research report on Friday, July 17th. Zacks Research upgraded shares of United Airlines from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 11th. Wall Street Zen lowered shares of United Airlines from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Sanford C. Bernstein boosted their price target on United Airlines from $136.00 to $153.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 1st. Sixteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, United Airlines presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.79.

Insiders Place Their Bets

In related news, President Brett J. Hart sold 30,108 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $120.72, for a total value of $3,634,637.76. Following the sale, the president owned 371,583 shares of the company's stock, valued at approximately $44,857,499.76. This trade represents a 7.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO J Scott Kirby sold 159,321 shares of the company's stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $118.05, for a total value of $18,807,844.05. Following the transaction, the chief executive officer owned 797,851 shares of the company's stock, valued at approximately $94,186,310.55. The trade was a 16.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 306,010 shares of company stock worth $35,949,843. Corporate insiders own 0.86% of the company's stock.

United Airlines Trading Up 0.3%

Shares of NASDAQ UAL opened at $129.56 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 1.45. The stock's 50 day moving average price is $121.47 and its two-hundred day moving average price is $107.61. United Airlines Holdings Inc has a 52-week low of $84.64 and a 52-week high of $138.77. The stock has a market capitalization of $42.05 billion, a P/E ratio of 12.12, a PEG ratio of 0.95 and a beta of 1.28.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.99 earnings per share for the quarter, beating analysts' consensus estimates of $1.88 by $0.11. The business had revenue of $17.67 billion during the quarter, compared to the consensus estimate of $17.62 billion. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The business's quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.87 EPS. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. On average, analysts anticipate that United Airlines Holdings Inc will post 10.48 earnings per share for the current fiscal year.

About United Airlines

United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.

In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.

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