Meeder Asset Management Inc. Makes New $15.86 Million Investment in United Airlines Holdings Inc $UAL

Meeder Asset Management Inc. acquired a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 116,655 shares of the transportation company’s stock, valued at approximately $15,864,000. United Airlines makes up about 0.8% of Meeder Asset Management Inc.’s holdings, making the stock its 28th largest position.

A number of other hedge funds also recently made changes to their positions in the stock. Legacy Wealth Managment LLC ID purchased a new stake in United Airlines in the 4th quarter worth approximately $25,000. Dunhill Financial LLC purchased a new position in United Airlines during the second quarter valued at approximately $25,000. Western Wealth Management LLC purchased a new position in United Airlines during the first quarter valued at approximately $27,000. Elevation Wealth Partners LLC lifted its holdings in United Airlines by 393.0% during the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 169 shares in the last quarter. Finally, Trust Co. of Vermont bought a new position in shares of United Airlines in the second quarter worth approximately $29,000. 69.69% of the stock is currently owned by institutional investors.

Insider Transactions at United Airlines

In related 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 transaction of $3,634,637.76. Following the sale, the president owned 371,583 shares of the company’s stock, valued at $44,857,499.76. This represents a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $119.91, for a total transaction of $2,398,200.00. Following the transaction, the executive vice president owned 114,800 shares of the company’s stock, valued at $13,765,668. This trade represents a 14.84% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 306,010 shares of company stock valued at $35,949,843 in the last 90 days. Company insiders own 0.86% of the company’s stock.

United Airlines Price Performance

Shares of United Airlines stock opened at $122.26 on Tuesday. The firm has a market cap of $39.68 billion, a PE ratio of 11.44, a PEG ratio of 0.93 and a beta of 1.28. The stock has a 50 day moving average of $123.62 and a 200 day moving average of $108.27. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.45. United Airlines Holdings Inc has a 12 month low of $84.64 and a 12 month high of $138.77.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.11. The business had revenue of $17.67 billion for the quarter, compared to the consensus estimate of $17.62 billion. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.87 EPS. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. On average, research analysts expect that United Airlines Holdings Inc will post 10.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UAL has been the subject of a number of analyst reports. BMO Capital Markets increased their price objective on shares of United Airlines from $130.00 to $157.50 and gave the stock an “outperform” rating in a research note on Thursday, July 2nd. The Goldman Sachs Group lifted their target price on shares of United Airlines from $131.00 to $162.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Barclays upped their target price 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. JPMorgan Chase & Co. increased their price target on United Airlines from $156.00 to $203.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of United Airlines in a report on Friday, July 17th. Sixteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.79.

About United Airlines

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.