Vanguard Group Inc. Grows Stock Holdings in United Airlines Holdings Inc (NASDAQ:UAL)

Key Points

• Vanguard Group Inc. increased its stake in United Airlines Holdings Inc by 1.1% to approximately 36.96 million shares, representing about 11.32% of the company, valued at $2.55 billion.
• Insider trading activity included President Brett J. Hart selling 24,772 shares for $2.2 million, reducing his ownership by 8.03%.
• Analysts have favorable sentiment towards UAL, with a consensus target price of $111.43 and numerous buy ratings from firms including Bank of America and UBS Group.

Vanguard Group Inc. raised its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,961,616 shares of the transportation company's stock after acquiring an additional 413,753 shares during the period. Vanguard Group Inc. owned approximately 11.32% of United Airlines worth $2,552,200,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital A Wealth Management LLC bought a new stake in United Airlines in the 4th quarter valued at $31,000. Eastern Bank bought a new stake in shares of United Airlines in the 1st quarter worth about $35,000. Ameriflex Group Inc. bought a new stake in shares of United Airlines in the 4th quarter worth about $58,000. CENTRAL TRUST Co increased its holdings in shares of United Airlines by 57.2% in the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after buying an additional 297 shares during the last quarter. Finally, Blume Capital Management Inc. increased its holdings in shares of United Airlines by 75.5% in the 1st quarter. Blume Capital Management Inc. now owns 930 shares of the transportation company's stock worth $64,000 after buying an additional 400 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling at United Airlines

In other United Airlines news, President Brett J. Hart sold 24,772 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $89.50, for a total value of $2,217,094.00. Following the completion of the sale, the president directly owned 283,638 shares of the company's stock, valued at $25,385,601. The trade was a 8.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michelle Freyre sold 900 shares of the business's stock in a transaction dated Monday, July 28th. The shares were 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 approximately $76,375.77. This trade represents a 52.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,672 shares of company stock valued at $4,144,411 in the last three months. Company insiders own 0.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on UAL shares. Cantor Fitzgerald set a $88.00 target price on shares of United Airlines in a report on Tuesday, April 22nd. Evercore ISI restated an "outperform" rating and issued a $105.00 target price on shares of United Airlines in a report on Thursday, July 17th. Bank of America boosted their target price on shares of United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Cowen restated a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Finally, UBS Group boosted their target price on shares of United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $111.43.

United Airlines Price Performance

UAL stock opened at $89.29 on Friday. The stock has a market cap of $28.91 billion, a PE ratio of 8.95, a P/E/G ratio of 1.13 and a beta of 1.48. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. United Airlines Holdings Inc has a 12 month low of $40.13 and a 12 month high of $116.00. The company has a 50-day moving average price of $83.71 and a 200 day moving average price of $82.57.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.81 by $0.06. The company had revenue of $15.24 billion during the quarter, compared to analysts' expectations of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The firm's quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $4.14 EPS. Equities research analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

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.

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