Wealthfront Advisers LLC Acquires New Position in United Airlines Holdings Inc $UAL

Wealthfront Advisers LLC bought a new position in United Airlines Holdings Inc (NASDAQ:UAL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 95,139 shares of the transportation company’s stock, valued at approximately $12,938,000.

Other large investors have also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of United Airlines by 0.5% in the 4th quarter. State Street Corp now owns 11,510,200 shares of the transportation company’s stock worth $1,287,071,000 after acquiring an additional 52,962 shares during the last quarter. Geode Capital Management LLC raised its position in United Airlines by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 9,012,731 shares of the transportation company’s stock worth $1,015,218,000 after purchasing an additional 68,565 shares during the period. Capital World Investors raised its position in United Airlines by 0.3% in the 4th quarter. Capital World Investors now owns 7,265,530 shares of the transportation company’s stock worth $812,428,000 after purchasing an additional 22,464 shares during the period. Dimensional Fund Advisors LP lifted its stake in United Airlines by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,664,538 shares of the transportation company’s stock worth $521,330,000 after purchasing an additional 190,017 shares during the last quarter. Finally, Par Capital Management Inc. lifted its stake in United Airlines by 1.6% in the fourth quarter. Par Capital Management Inc. now owns 4,894,850 shares of the transportation company’s stock worth $547,342,000 after purchasing an additional 75,000 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at United Airlines

In other United Airlines news, EVP Kate Gebo sold 34,669 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $105.41, for a total value of $3,654,459.29. Following the completion of the sale, the executive vice president owned 67,707 shares in the company, valued at approximately $7,136,994.87. This trade represents a 33.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO J Scott Kirby sold 159,321 shares of United Airlines stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $118.05, for a total value of $18,807,844.05. Following the completion of the sale, the chief executive officer owned 797,851 shares in the company, valued at approximately $94,186,310.55. This represents a 16.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 306,010 shares of company stock worth $35,949,843 over the last 90 days. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on UAL shares. Citigroup raised their price objective on United Airlines from $132.00 to $171.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Zacks Research raised United Airlines from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. Wells Fargo & Company increased their target price on United Airlines from $130.00 to $165.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. BMO Capital Markets raised their price target on United Airlines from $130.00 to $157.50 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. Finally, Sanford C. Bernstein lifted their price target on United Airlines from $136.00 to $153.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Sixteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $156.79.

United Airlines Price Performance

Shares of United Airlines stock opened at $118.72 on Wednesday. The firm has a market cap of $38.53 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 0.93 and a beta of 1.28. United Airlines Holdings Inc has a 12-month low of $84.64 and a 12-month high of $138.77. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 1.45. The company’s fifty day simple moving average is $123.80 and its two-hundred day simple moving average is $108.36.

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

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.