Robertson Stephens Wealth Management LLC Buys Shares of 2,880 United Airlines Holdings Inc $UAL

Robertson Stephens Wealth Management LLC bought a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,880 shares of the transportation company’s stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of UAL. Bison Wealth LLC purchased a new position in shares of United Airlines during the 4th quarter valued at $246,000. Park Avenue Securities LLC grew its position in shares of United Airlines by 38.1% during the 1st quarter. Park Avenue Securities LLC now owns 7,986 shares of the transportation company’s stock valued at $551,000 after purchasing an additional 2,205 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of United Airlines by 77.2% during the 1st quarter. Farther Finance Advisors LLC now owns 9,085 shares of the transportation company’s stock valued at $620,000 after purchasing an additional 3,957 shares in the last quarter. GAMMA Investing LLC grew its position in shares of United Airlines by 6.1% during the 1st quarter. GAMMA Investing LLC now owns 5,222 shares of the transportation company’s stock valued at $361,000 after purchasing an additional 300 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of United Airlines by 1.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,743 shares of the transportation company’s stock valued at $1,639,000 after purchasing an additional 403 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

UAL has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of United Airlines from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. TD Cowen boosted their price target on shares of United Airlines from $101.00 to $127.00 and gave the company a “buy” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. upped their target price on shares of United Airlines from $122.00 to $149.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Weiss Ratings lowered shares of United Airlines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Finally, Susquehanna upped their target price on shares of United Airlines from $109.00 to $115.00 and gave the stock a “positive” rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $120.64.

United Airlines Stock Performance

United Airlines stock opened at $96.67 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $31.29 billion, a PE ratio of 9.69, a P/E/G ratio of 1.23 and a beta of 1.45. The firm has a fifty day simple moving average of $100.40 and a two-hundred day simple moving average of $85.07. United Airlines Holdings Inc has a twelve month low of $52.00 and a twelve month high of $116.00.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.81 by $0.06. The business had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Research analysts expect that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Insiders Place Their Bets

In other United Airlines news, President Brett J. Hart sold 24,772 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $89.50, for a total value of $2,217,094.00. Following the completion of the sale, the president directly owned 283,638 shares of the company’s stock, valued at $25,385,601. The trade was a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the business’s stock in a transaction on Friday, July 18th. The stock was sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the completion of the sale, the executive vice president directly owned 62,358 shares of the company’s stock, valued at $5,750,654.76. This represents a 24.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,791 shares of company stock valued at $9,992,318 over the last three months. 0.63% of the stock is currently owned by company insiders.

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, flight academy, and maintenance services for third parties.