Korea Investment CORP acquired a new position in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 103,906 shares of the transportation company’s stock, valued at approximately $14,130,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID bought a new position in shares of United Airlines in the 4th quarter valued at about $25,000. Dunhill Financial LLC acquired a new position in United Airlines in the second quarter valued at approximately $25,000. Western Wealth Management LLC bought a new position in United Airlines in the first quarter valued at approximately $27,000. Elevation Wealth Partners LLC grew its holdings in United Airlines by 393.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company’s stock worth $29,000 after acquiring an additional 169 shares during the period. Finally, Trust Co. of Vermont bought a new stake in shares of United Airlines during the 2nd quarter valued at $29,000. 69.69% of the stock is owned by institutional investors.
United Airlines Stock Performance
NASDAQ:UAL opened at $113.17 on Monday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.78 and a quick ratio of 0.72. The business’s 50-day simple moving average is $124.00 and its 200-day simple moving average is $108.55. United Airlines Holdings Inc has a fifty-two week low of $84.64 and a fifty-two week high of $138.77. The stock has a market capitalization of $36.73 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 0.87 and a beta of 1.28.
Wall Street Analysts Forecast Growth
UAL has been the subject of a number of analyst reports. Zacks Research raised United Airlines from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. The Goldman Sachs Group upped their price target on United Airlines from $131.00 to $162.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Sanford C. Bernstein increased their price target on shares of United Airlines from $136.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Wall Street Zen downgraded shares of United Airlines from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, UBS Group increased their target price on shares of United Airlines from $148.00 to $153.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Sixteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.79.
Check Out Our Latest Stock Report on UAL
Insider Activity at United Airlines
In related news, President Brett J. Hart sold 30,108 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $120.72, for a total value of $3,634,637.76. Following the sale, the president directly owned 371,583 shares of the company’s stock, valued at approximately $44,857,499.76. The trade was a 7.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $119.91, for a total transaction of $2,398,200.00. Following the completion of the transaction, the executive vice president directly owned 114,800 shares of the company’s stock, valued at approximately $13,765,668. The trade was a 14.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 306,010 shares of company stock valued at $35,949,843 over the last three months. Insiders own 0.86% of the company’s stock.
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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