NewEdge Advisors LLC Reduces Stock Position in United Airlines Holdings Inc $UAL

NewEdge Advisors LLC decreased its position in United Airlines Holdings Inc (NASDAQ:UAL) by 24.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,612 shares of the transportation company’s stock after selling 5,777 shares during the quarter. NewEdge Advisors LLC’s holdings in United Airlines were worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UAL. Legacy Wealth Managment LLC ID purchased a new stake in shares of United Airlines during the fourth quarter worth about $25,000. Western Wealth Management LLC purchased a new position in shares of United Airlines during the first quarter valued at approximately $27,000. JPL Wealth Management LLC purchased a new position in shares of United Airlines during the third quarter valued at approximately $29,000. Cache Advisors LLC acquired a new stake in United Airlines during the first quarter worth approximately $33,000. Finally, Motiv8 Investments LLC acquired a new stake in United Airlines during the fourth quarter worth approximately $35,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UAL. Zacks Research upgraded United Airlines from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Jefferies Financial Group restated a “buy” rating and set a $155.00 price objective on shares of United Airlines in a report on Sunday, July 19th. The Goldman Sachs Group lifted their price objective on United Airlines from $131.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Sanford C. Bernstein upped their target price on United Airlines from $136.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Finally, Barclays increased their target price on United Airlines from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Sixteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.79.

Insiders Place Their Bets

In other United Airlines news, EVP Torbjorn J. Enqvist sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 114,800 shares in the company, valued at $13,765,668. This represents a 14.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Kate Gebo sold 34,669 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 67,707 shares in the company, valued at approximately $7,136,994.87. This trade represents a 33.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 306,010 shares of company stock worth $35,949,843. Corporate insiders own 0.86% of the company’s stock.

United Airlines Stock Performance

NASDAQ:UAL opened at $125.34 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 1.45. The company has a market cap of $40.68 billion, a P/E ratio of 11.72, a P/E/G ratio of 0.93 and a beta of 1.28. 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 moving average is $123.28 and its two-hundred day moving average is $108.14.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.11. United Airlines had a net margin of 5.56% and a return on equity of 19.05%. The company had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.62 billion. During the same quarter last year, the business earned $3.87 EPS. United Airlines’s revenue for the quarter was up 16.4% on a year-over-year basis. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. Analysts expect that United Airlines Holdings Inc will post 10.48 EPS for the current year.

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.