508,374 Shares in United Airlines Holdings Inc $UAL Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in United Airlines Holdings Inc (NASDAQ:UAL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 508,374 shares of the transportation company’s stock, valued at approximately $69,134,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UAL. Legacy Wealth Managment LLC ID bought a new position in shares of United Airlines during the 4th quarter worth about $25,000. Western Wealth Management LLC acquired a new stake in shares of United Airlines in the 1st quarter valued at about $27,000. Elevation Wealth Partners LLC increased its position in United Airlines by 393.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company’s stock valued at $29,000 after buying an additional 169 shares in the last quarter. JPL Wealth Management LLC bought a new stake in United Airlines in the 3rd quarter valued at about $29,000. Finally, Cache Advisors LLC acquired a new position in United Airlines during the 1st quarter worth approximately $33,000. 69.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UAL. Citigroup increased their price target on United Airlines from $132.00 to $171.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Wells Fargo & Company upped their target price on United Airlines from $130.00 to $165.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Bank of America increased their target price on United Airlines from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. UBS Group lifted their price target on shares of United Airlines from $148.00 to $153.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, Jefferies Financial Group restated a “buy” rating and set a $155.00 price target on shares of United Airlines in a research note on Sunday, July 19th. Sixteen investment 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.79.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $115.78 on Thursday. The stock has a market cap of $37.58 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 0.91 and a beta of 1.28. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.72 and a current ratio of 0.78. United Airlines Holdings Inc has a fifty-two week low of $84.64 and a fifty-two week high of $138.77. The firm’s 50-day simple moving average is $124.06 and its 200 day simple moving average is $108.45.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.11. The firm had revenue of $17.67 billion during the quarter, compared to analyst estimates of $17.62 billion. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.87 EPS. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. As a group, research analysts anticipate that United Airlines Holdings Inc will post 10.38 earnings per share for the current fiscal year.

Insider Activity at United Airlines

In related news, EVP Kate Gebo sold 34,669 shares of the stock in a transaction 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 directly owned 67,707 shares of the company’s stock, valued at approximately $7,136,994.87. This 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, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $119.91, for a total value of $2,398,200.00. Following the transaction, the executive vice president owned 114,800 shares in the company, valued at approximately $13,765,668. This trade represents a 14.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 90 days. Corporate 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.