Swedbank AB cut its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 3.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,965 shares of the transportation company’s stock after selling 4,842 shares during the quarter. Swedbank AB’s holdings in United Airlines were worth $11,321,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Legacy Wealth Managment LLC ID bought a new position in United Airlines during the fourth quarter valued at approximately $25,000. JPL Wealth Management LLC bought a new stake in United Airlines in the 3rd quarter worth approximately $29,000. Cache Advisors LLC purchased a new stake in United Airlines during the 1st quarter valued at $33,000. BOCHK Asset Management Ltd bought a new position in shares of United Airlines during the 4th quarter valued at $34,000. Finally, Motiv8 Investments LLC bought a new position in shares of United Airlines during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.
United Airlines Stock Performance
UAL traded down $3.05 during midday trading on Friday, reaching $126.00. The company had a trading volume of 3,964,068 shares, compared to its average volume of 5,174,349. The business has a 50-day moving average of $112.35 and a two-hundred day moving average of $106.49. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 1.38. United Airlines Holdings Inc has a 1 year low of $82.42 and a 1 year high of $138.77. The company has a market cap of $40.90 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.95 and a beta of 1.25.
Insiders Place Their Bets
In other news, EVP Kate Gebo sold 5,331 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $105.51, for a total value of $562,473.81. Following the completion of the transaction, the executive vice president owned 60,393 shares of the company’s stock, valued at $6,372,065.43. This represents a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO J Scott Kirby sold 1,078 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $120.74, for a total value of $130,157.72. Following the sale, the chief executive officer owned 797,851 shares of the company’s stock, valued at $96,332,529.74. This represents a 0.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 96,381 shares of company stock worth $10,837,575. Corporate insiders own 0.86% of the company’s stock.
More United Airlines News
Here are the key news stories impacting United Airlines this week:
- Positive Sentiment: Delta’s stronger-than-expected Q2 results offered a constructive read-through for airlines like United, suggesting premium fare demand and loyalty revenue are still holding up even as fuel costs rise. That could support confidence in UAL ahead of its own results. Delta Q2 earnings top estimates, reinstates full-year guidance as fuel prices bite
- Positive Sentiment: United announced new year-round nonstop flights to Cartagena, Colombia, expanding its Latin America network and signaling continued growth initiatives. Air Travel Is Getting More Confusing, Even at the Front of the Plane
- Positive Sentiment: Commentary from analysts and Jim Cramer emphasized United’s pricing discipline and “high quality cyclical” valuation, which may be helping investors stay constructive despite volatility. Jim Cramer Explains Why United Airlines Looks Like a High Quality Cyclical Name
- Neutral Sentiment: Several preview pieces focused on upcoming Q2 results and Wall Street estimates, keeping attention on whether United can meet expectations rather than providing fresh operating news. Curious about United (UAL) Q2 Performance? Explore Wall Street Estimates for Key Metrics
- Negative Sentiment: United is also facing fresh legal scrutiny after a judge allowed a lawsuit to proceed over alleged “window seat” pricing practices, adding a reputational and potential cost risk. United Airlines must face lawsuit after allegedly charging passengers extra for ‘window seats’ with no windows, judge rules
Analyst Upgrades and Downgrades
Several analysts recently commented on UAL shares. Barclays lifted their price objective on United Airlines from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. UBS Group raised their target price on United Airlines from $148.00 to $153.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Citigroup boosted their price target on United Airlines from $132.00 to $171.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. TD Cowen upped their price target on shares of United Airlines from $150.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Finally, Bank of America increased their price objective on shares of United Airlines from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Sixteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $151.62.
Read Our Latest Research Report on United Airlines
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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