ProShare Advisors LLC boosted its position in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,673 shares of the transportation company’s stock after buying an additional 5,287 shares during the period. ProShare Advisors LLC’s holdings in United Airlines were worth $7,232,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of UAL. Legacy Wealth Managment LLC ID acquired a new position in United Airlines in the fourth quarter valued at $25,000. JPL Wealth Management LLC acquired a new position in United Airlines in the third quarter valued at $29,000. Abich Financial Wealth Management LLC acquired a new position in United Airlines in the third quarter valued at $34,000. BOCHK Asset Management Ltd acquired a new position in United Airlines in the fourth quarter valued at $34,000. Finally, JFS Wealth Advisors LLC lifted its holdings in United Airlines by 51.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 318 shares of the transportation company’s stock valued at $36,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.
United Airlines Trading Up 1.7%
UAL opened at $99.64 on Friday. United Airlines Holdings Inc has a 1-year low of $71.55 and a 1-year high of $119.21. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 1.38. The company has a market cap of $32.34 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 0.83 and a beta of 1.20. The company has a fifty day moving average price of $93.57 and a two-hundred day moving average price of $101.97.
Key Headlines Impacting United Airlines
Here are the key news stories impacting United Airlines this week:
- Positive Sentiment: United’s summer travel forecast was upbeat, with management signaling strong demand and expecting more than 53 million passengers between June and August, which suggests better revenue visibility for the peak travel period. United Airlines shares take off on upbeat summer travel forecast
- Positive Sentiment: Airline stocks, including UAL, have been helped by falling oil prices, which can reduce fuel costs and improve margins for carriers. Airline Stocks Rise As Oil Prices Drop: Here’s What You Should Know
- Positive Sentiment: Recent coverage also highlighted stronger travel demand and United’s loyalty tie-up with JetBlue, which may support customer retention and route growth. How Investors Are Reacting To United Airlines Holdings (UAL) Loyalty Tie-Up With JetBlue And Route Expansion
- Neutral Sentiment: Broad market strength and a rebound in equities have also supported sentiment toward cyclical names like airlines, though this is not specific to United’s business outlook. US Equity Markets Close Higher as Oil Prices Fall, Tech Gains Ahead of Nvidia Results
- Negative Sentiment: Some analysts still warn that United faces rising costs, weak liquidity, and pressure on margins, which could limit upside if demand weakens or fuel and operating expenses rise again. Here’s Why Investors Should Give United Airlines Stock a Miss Now
Wall Street Analyst Weigh In
UAL has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of United Airlines in a report on Monday, April 20th. Jefferies Financial Group decreased their price target on shares of United Airlines from $118.00 to $112.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Argus decreased their price target on shares of United Airlines from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Wells Fargo & Company decreased their price target on shares of United Airlines from $145.00 to $130.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. Finally, BMO Capital Markets lifted their price target on shares of United Airlines from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, United Airlines presently has an average rating of “Moderate Buy” and an average price target of $132.18.
View Our Latest Research Report on United Airlines
Insider Activity at United Airlines
In other news, EVP Andrew P. Nocella sold 7,000 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $90.19, for a total transaction of $631,330.00. Following the completion of the sale, the executive vice president directly owned 215,345 shares of the company’s stock, valued at $19,421,965.55. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.86% of the stock is currently owned by insiders.
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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