Daiwa Securities Group Inc. raised its stake in United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) by 4.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,266 shares of the transportation company’s stock after acquiring an additional 516 shares during the period. Daiwa Securities Group Inc.’s holdings in United Airlines were worth $587,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of UAL. Victory Capital Management Inc. increased its position in shares of United Airlines by 220.4% during the first quarter. Victory Capital Management Inc. now owns 173,052 shares of the transportation company’s stock valued at $7,658,000 after acquiring an additional 119,034 shares in the last quarter. Ieq Capital LLC bought a new stake in shares of United Airlines in the 1st quarter worth $247,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of United Airlines in the first quarter worth $13,544,000. Virtu Financial LLC lifted its holdings in shares of United Airlines by 41.3% during the first quarter. Virtu Financial LLC now owns 42,290 shares of the transportation company’s stock valued at $1,871,000 after purchasing an additional 12,365 shares in the last quarter. Finally, Texas Permanent School Fund Corp boosted its position in shares of United Airlines by 46.8% during the first quarter. Texas Permanent School Fund Corp now owns 68,009 shares of the transportation company’s stock valued at $3,009,000 after buying an additional 21,690 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.
United Airlines Trading Up 1.7 %
Shares of NASDAQ:UAL opened at $54.17 on Friday. United Airlines Holdings, Inc. has a 12-month low of $31.58 and a 12-month high of $58.23. The company has a market cap of $17.77 billion, a PE ratio of 6.72 and a beta of 1.44. The stock has a 50 day moving average of $53.77 and a 200 day moving average of $48.03. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 3.49.
United Airlines (NASDAQ:UAL – Get Free Report) last posted its quarterly earnings results on Thursday, July 20th. The transportation company reported $5.03 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $1.00. The business had revenue of $14.18 billion during the quarter, compared to analyst estimates of $13.90 billion. United Airlines had a net margin of 5.24% and a return on equity of 48.89%. The company’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 earnings per share. As a group, equities research analysts expect that United Airlines Holdings, Inc. will post 11.34 EPS for the current year.
Insiders Place Their Bets
In other United Airlines news, CFO Gerald Laderman sold 4,491 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $57.05, for a total value of $256,211.55. Following the completion of the transaction, the chief financial officer now directly owns 133,213 shares in the company, valued at approximately $7,599,801.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other United Airlines news, CFO Gerald Laderman sold 4,491 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $57.05, for a total value of $256,211.55. Following the sale, the chief financial officer now owns 133,213 shares in the company, valued at approximately $7,599,801.65. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Gregory L. Hart sold 12,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $52.26, for a total transaction of $627,120.00. Following the transaction, the executive vice president now directly owns 26,434 shares of the company’s stock, valued at approximately $1,381,440.84. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Citigroup upped their target price on shares of United Airlines from $75.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, July 24th. Raymond James increased their price objective on shares of United Airlines from $72.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, July 21st. Jefferies Financial Group lifted their target price on shares of United Airlines from $50.00 to $60.00 in a research report on Tuesday, July 11th. Morgan Stanley increased their price target on United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, July 21st. Finally, TD Cowen upped their price objective on United Airlines from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.71.
About United Airlines
United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties.
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