Wellington Management Group LLP Acquires 60,982 Shares of United Airlines Holdings Inc $UAL

Wellington Management Group LLP raised its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 88.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 130,162 shares of the transportation company's stock after purchasing an additional 60,982 shares during the period. Wellington Management Group LLP's holdings in United Airlines were worth $17,701,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UAL. Legacy Wealth Managment LLC ID purchased a new position in shares of United Airlines during the fourth quarter valued at approximately $25,000. Dunhill Financial LLC bought a new stake in United Airlines during the second quarter worth $25,000. Western Wealth Management LLC purchased a new stake in United Airlines in the 1st quarter valued at $27,000. Elevation Wealth Partners LLC raised its position in United Airlines by 393.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company's stock valued at $29,000 after buying an additional 169 shares during the last quarter. Finally, Trust Co. of Vermont bought a new position in United Airlines during the 2nd quarter valued at $29,000. 69.69% of the stock is owned by institutional investors.

Insider Buying and Selling at United Airlines

In related news, President Brett Hart sold 30,108 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $120.72, for a total transaction of $3,634,637.76. Following the sale, the president directly owned 371,583 shares in the company, valued at approximately $44,857,499.76. This represents a 7.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Andrew P. Nocella sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $117.00, for a total transaction of $585,000.00. Following the completion of the transaction, the executive vice president directly owned 214,955 shares of the company's stock, valued at approximately $25,149,735. This trade represents a 2.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 271,010 shares of company stock worth $32,317,909 over the last three months. Company insiders own 0.86% of the company's stock.

United Airlines Price Performance

UAL stock opened at $111.38 on Monday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.72 and a current ratio of 0.78. The company has a market capitalization of $36.15 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 0.90 and a beta of 1.27. United Airlines Holdings Inc has a fifty-two week low of $84.64 and a fifty-two week high of $138.77. The stock has a fifty day moving average of $121.55 and a 200-day moving average of $108.50.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.11. The company had revenue of $17.67 billion during the quarter, compared to analyst estimates of $17.62 billion. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The firm's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.87 EPS. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. As a group, equities research analysts predict that United Airlines Holdings Inc will post 9.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a "buy" rating and issued a $155.00 target price on shares of United Airlines in a research note on Sunday, July 19th. JPMorgan Chase & Co. raised their price target on shares of United Airlines from $156.00 to $203.00 and gave the company an "overweight" rating in a research report on Friday, July 17th. Bank of America upped their price objective on shares of United Airlines from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, July 1st. Zacks Research upgraded shares of United Airlines from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 11th. Finally, Susquehanna dropped their target price on shares of United Airlines from $172.00 to $165.00 and set a "positive" rating on the stock in a research report on Friday, July 17th. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, United Airlines currently has an average rating of "Moderate Buy" and an average price target of $157.74.

United Airlines Company Profile

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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