Handelsbanken Fonder AB increased its position in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 40.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 107,829 shares of the transportation company’s stock after buying an additional 31,174 shares during the period. Handelsbanken Fonder AB’s holdings in United Airlines were worth $12,057,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the company. Resona Asset Management Co. Ltd. raised its stake in United Airlines by 1.2% during the fourth quarter. Resona Asset Management Co. Ltd. now owns 27,744 shares of the transportation company’s stock worth $3,100,000 after buying an additional 335 shares during the last quarter. ProShare Advisors LLC raised its stake in United Airlines by 8.9% during the fourth quarter. ProShare Advisors LLC now owns 64,673 shares of the transportation company’s stock worth $7,232,000 after buying an additional 5,287 shares during the last quarter. HighTower Advisors LLC raised its stake in United Airlines by 5.1% during the fourth quarter. HighTower Advisors LLC now owns 24,594 shares of the transportation company’s stock worth $2,750,000 after buying an additional 1,194 shares during the last quarter. North Dakota State Investment Board bought a new position in United Airlines during the fourth quarter worth $1,248,000. Finally, Elyxium Wealth LLC bought a new position in United Airlines during the fourth quarter worth $153,000. Institutional investors own 69.69% of the company’s stock.
United Airlines Trading Up 1.7%
NASDAQ:UAL opened at $99.64 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $32.34 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.83 and a beta of 1.20. The firm has a fifty day simple moving average of $93.57 and a two-hundred day simple moving average of $101.97. United Airlines Holdings Inc has a 12 month low of $71.55 and a 12 month high of $119.21.
Insider Buying and Selling
In other United Airlines news, EVP Andrew P. Nocella sold 7,000 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $90.19, for a total value of $631,330.00. Following the completion of the sale, the executive vice president directly owned 215,345 shares in the company, valued at approximately $19,421,965.55. This trade represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.86% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of United Airlines in a research note on Monday, April 20th. Susquehanna set a $135.00 target price on shares of United Airlines in a research note on Thursday, April 23rd. Sanford C. Bernstein reissued an “outperform” rating and set a $136.00 target price on shares of United Airlines in a research note on Tuesday, January 27th. Wells Fargo & Company lowered their target price on shares of United Airlines from $145.00 to $130.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. Finally, BMO Capital Markets raised their price target on shares of United Airlines from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.18.
View Our Latest Analysis on United Airlines
Key Headlines Impacting United Airlines
Here are the key news stories impacting United Airlines this week:
- Positive Sentiment: United’s summer travel forecast was upbeat, with management signaling strong demand and expecting more than 53 million passengers between June and August, which suggests better revenue visibility for the peak travel period. United Airlines shares take off on upbeat summer travel forecast
- Positive Sentiment: Airline stocks, including UAL, have been helped by falling oil prices, which can reduce fuel costs and improve margins for carriers. Airline Stocks Rise As Oil Prices Drop: Here’s What You Should Know
- Positive Sentiment: Recent coverage also highlighted stronger travel demand and United’s loyalty tie-up with JetBlue, which may support customer retention and route growth. How Investors Are Reacting To United Airlines Holdings (UAL) Loyalty Tie-Up With JetBlue And Route Expansion
- Neutral Sentiment: Broad market strength and a rebound in equities have also supported sentiment toward cyclical names like airlines, though this is not specific to United’s business outlook. US Equity Markets Close Higher as Oil Prices Fall, Tech Gains Ahead of Nvidia Results
- Negative Sentiment: Some analysts still warn that United faces rising costs, weak liquidity, and pressure on margins, which could limit upside if demand weakens or fuel and operating expenses rise again. Here’s Why Investors Should Give United Airlines Stock a Miss Now
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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