United Airlines Holdings Inc $UAL Shares Acquired by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stock holdings in United Airlines by 549.0% during Q2, now owning 154,097 shares valued at approximately $12.7 million.
• Institutional investors hold 69.69% of United Airlines' stock, with several firms, including Pacer Advisors Inc. and Alyeska Investment Group, dramatically increasing their positions in the company.
• Analysts have recently adjusted their price targets for United Airlines, with TD Cowen raising it from $101.00 to $127.00, contributing to a consensus "Buy" rating and an average target price of $112.57.

Wealth Enhancement Advisory Services LLC boosted its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 549.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,097 shares of the transportation company's stock after buying an additional 130,354 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in United Airlines were worth $12,691,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bison Wealth LLC purchased a new position in shares of United Airlines in the fourth quarter worth approximately $246,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of United Airlines by 48.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 347,678 shares of the transportation company's stock worth $33,760,000 after buying an additional 114,214 shares in the last quarter. Forum Financial Management LP boosted its holdings in shares of United Airlines by 2.7% during the 4th quarter. Forum Financial Management LP now owns 5,723 shares of the transportation company's stock valued at $556,000 after purchasing an additional 148 shares during the last quarter. United Advisor Group LLC purchased a new position in United Airlines during the 4th quarter valued at approximately $335,000. Finally, Ameriflex Group Inc. purchased a new stake in United Airlines during the fourth quarter valued at $58,000. Institutional investors own 69.69% of the company's stock.

United Airlines Stock Performance

NASDAQ:UAL traded down $2.13 during midday trading on Monday, hitting $104.18. The company's stock had a trading volume of 6,784,649 shares, compared to its average volume of 4,920,193. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. The firm's 50 day moving average is $97.86 and its 200-day moving average is $82.67. United Airlines Holdings Inc has a fifty-two week low of $51.44 and a fifty-two week high of $116.00. The firm has a market cap of $33.73 billion, a P/E ratio of 10.44, a P/E/G ratio of 1.38 and a beta of 1.47.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results 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 firm 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 business's revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Equities analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of the stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the completion of the transaction, the executive vice president owned 62,358 shares of the company's stock, valued at approximately $5,750,654.76. This trade represents a 24.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Barney Harford sold 9,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $97.76, for a total transaction of $879,840.00. Following the sale, the director owned 80,000 shares in the company, valued at approximately $7,820,800. This trade represents a 10.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,791 shares of company stock worth $9,992,318. 0.63% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on UAL shares. JPMorgan Chase & Co. increased their price objective on shares of United Airlines from $122.00 to $149.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. UBS Group upped their price target 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. Wall Street Zen lowered shares of United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. TD Cowen raised 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. Finally, Cowen reaffirmed a "buy" rating on shares of United Airlines in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $112.57.

About United Airlines

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.