United Services Automobile Association Takes $534,000 Position in United Airlines Holdings Inc $UAL

Key Points

• United Services Automobile Association has invested approximately $534,000 in United Airlines Holdings Inc, acquiring 7,610 shares during the first quarter.
• United Airlines reported $3.87 earnings per share in its latest quarterly results, exceeding analyst expectations of $3.81, while quarterly revenue reached $15.24 billion.
• Several investment firms have changed their ratings on UAL, with Susquehanna and Bank of America adjusting their price targets to $109.00 and $108.00 respectively, indicating confidence in the company's performance.

United Services Automobile Association acquired a new position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,610 shares of the transportation company's stock, valued at approximately $534,000.

Other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in United Airlines by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,520,643 shares of the transportation company's stock worth $105,000,000 after purchasing an additional 16,477 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in United Airlines in the first quarter worth about $15,089,000. Generate Investment Management Ltd acquired a new stake in United Airlines in the first quarter worth about $10,773,000. Exchange Traded Concepts LLC lifted its holdings in United Airlines by 132.9% in the first quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company's stock worth $518,000 after purchasing an additional 4,281 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in United Airlines by 7,225.9% in the first quarter. GAMMA Investing LLC now owns 360,579 shares of the transportation company's stock worth $24,898,000 after purchasing an additional 355,657 shares during the period. Institutional investors and hedge funds own 69.69% of the company's stock.

United Airlines Price Performance

Shares of NASDAQ UAL traded down $2.78 during mid-day trading on Friday, hitting $106.58. 6,071,387 shares of the stock were exchanged, compared to its average volume of 4,517,731. United Airlines Holdings Inc has a twelve month low of $49.89 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 stock's fifty day simple moving average is $95.78 and its two-hundred day simple moving average is $82.30. The company has a market cap of $34.50 billion, a P/E ratio of 10.68, a PEG ratio of 1.42 and a beta of 1.47.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The business had revenue of $15.24 billion for the quarter, compared to analysts' expectations of $15.31 billion. During the same period in the prior year, the firm earned $4.14 earnings per share. United Airlines'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 forecast that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Insider Buying and Selling at United Airlines

In related news, President Brett J. Hart sold 24,772 shares of the firm's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the sale, the president directly owned 283,638 shares in the company, valued at $25,385,601. This trade represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kate Gebo sold 6,343 shares of the firm's stock in a transaction 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 sale, the executive vice president owned 69,106 shares in the company, valued at approximately $6,759,257.86. The trade was a 8.41% 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 over the last quarter. 0.71% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UAL. Evercore ISI reissued an "outperform" rating and issued a $105.00 price target on shares of United Airlines in a report on Thursday, July 17th. UBS Group raised their price objective on shares of United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. TD Cowen boosted their target price on shares of United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Susquehanna increased their price target 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. Finally, JPMorgan Chase & Co. increased their price target on shares of United Airlines from $122.00 to $149.00 and gave the stock an "overweight" rating in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, United Airlines currently has a consensus rating of "Buy" and a consensus target price of $112.57.

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.