VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in United Airlines Holdings Inc $UAL

Key Points

• The Virginia Retirement Systems acquired 80,000 shares of United Airlines Holdings Inc for approximately $6.37 million in the second quarter.
• Institutional investors now own 69.69% of United Airlines stock, with notable increases in stakes from various firms including Bank of New York Mellon Corp and Sumitomo Mitsui DS Asset Management.
• Analysts have revised their price targets for United Airlines, with the average target now at $126.08, reflecting a consensus rating of "Buy" among analysts.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 80,000 shares of the transportation company's stock, valued at approximately $6,370,000.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in United Airlines by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,520,643 shares of the transportation company's stock worth $105,000,000 after acquiring an additional 16,477 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in United Airlines in the 1st quarter worth about $15,089,000. Generate Investment Management Ltd bought a new position in shares of United Airlines during the 1st quarter valued at about $10,773,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of United Airlines by 147.5% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,113 shares of the transportation company's stock valued at $1,113,000 after purchasing an additional 9,604 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of United Airlines by 10.5% during the 1st quarter. Deutsche Bank AG now owns 1,395,615 shares of the transportation company's stock valued at $96,367,000 after purchasing an additional 132,373 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Susquehanna increased their price objective on United Airlines from $109.00 to $115.00 and gave the company a "positive" rating in a research report on Friday, October 3rd. TD Cowen increased their price objective on United Airlines from $127.00 to $138.00 and gave the company a "buy" rating in a research report on Monday. UBS Group reduced their price objective on United Airlines from $131.00 to $128.00 and set a "buy" rating on the stock in a research report on Friday. Jefferies Financial Group increased their price objective on United Airlines from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, October 1st. Finally, Evercore ISI increased their price objective on United Airlines from $105.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $126.08.

Insiders Place Their Bets

In other news, President Brett J. Hart sold 24,772 shares of United Airlines stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $89.50, for a total value of $2,217,094.00. Following the sale, the president directly owned 283,638 shares in the company, valued at approximately $25,385,601. This trade represents a 8.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kate Gebo sold 6,343 shares of United Airlines stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $97.81, for a total value of $620,408.83. Following the completion of the sale, the executive vice president owned 69,106 shares in the company, valued at approximately $6,759,257.86. This represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,791 shares of company stock valued at $8,147,918 in the last 90 days. 0.63% of the stock is owned by corporate insiders.

United Airlines Price Performance

UAL opened at $101.29 on Tuesday. The stock's 50 day simple moving average is $101.90 and its 200 day simple moving average is $86.52. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.67 and a quick ratio of 0.61. United Airlines Holdings Inc has a 1 year low of $52.00 and a 1 year high of $116.00. The firm has a market cap of $32.79 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 1.16 and a beta of 1.45.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 15th. The transportation company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.13. United Airlines had a return on equity of 26.94% and a net margin of 5.64%.The business had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.31 billion. During the same period last year, the company earned $3.33 EPS. United Airlines's revenue for the quarter was up 2.6% compared to the same quarter last year. United Airlines has set its Q4 2025 guidance at 3.000-3.500 EPS. As a group, analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

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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