Nykredit A S purchased a new position in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,693 shares of the transportation company’s stock, valued at approximately $4,446,000.
A number of other large investors have also modified their holdings of the stock. B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of United Airlines in the second quarter valued at $254,000. Coppell Advisory Solutions LLC purchased a new position in United Airlines in the second quarter valued at $636,000. Proficio Capital Partners LLC acquired a new position in United Airlines during the 2nd quarter worth $562,000. Beaconlight Capital LLC purchased a new stake in United Airlines during the 2nd quarter worth about $4,783,000. Finally, Headlands Technologies LLC increased its holdings in United Airlines by 198.7% during the 2nd quarter. Headlands Technologies LLC now owns 58,455 shares of the transportation company’s stock worth $7,949,000 after purchasing an additional 38,886 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.
Insider Activity at United Airlines
In other news, President Brett J. Hart sold 30,108 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $120.72, for a total value of $3,634,637.76. Following the completion of the transaction, the president 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 is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Andrew Nocella sold 5,000 shares of the stock in a transaction on Tuesday, August 25th. The shares were 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 in the company, valued at $25,149,735. This trade represents a 2.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 271,010 shares of company stock worth $32,317,909 in the last ninety days. Company insiders own 0.86% of the company’s stock.
United Airlines Stock Performance
United Airlines (NASDAQ:UAL – Get Free Report) last issued its earnings results 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 business had revenue of $17.67 billion for 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 business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the company earned $3.87 EPS. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. As a group, analysts anticipate that United Airlines Holdings Inc will post 9.91 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have recently issued reports on UAL shares. Zacks Research upgraded United Airlines from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. Wells Fargo & Company upped their target price on shares of United Airlines from $130.00 to $165.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. The Goldman Sachs Group raised their target price on shares of United Airlines from $131.00 to $162.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Citigroup lifted their price target on shares of United Airlines from $132.00 to $171.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Finally, Barclays boosted their price target on shares of United Airlines from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Sixteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $157.74.
United Airlines 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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