Elevation Point Wealth Partners LLC Buys Shares of 7,715 United Airlines Holdings Inc $UAL

Elevation Point Wealth Partners LLC purchased a new stake in United Airlines Holdings Inc (NASDAQ:UAL) during the second quarter, HoldingsChannel.com reports. The firm purchased 7,715 shares of the transportation company’s stock, valued at approximately $1,049,000.

Other institutional investors have also made changes to their positions in the company. State Street Corp increased its holdings in United Airlines by 0.5% in the fourth quarter. State Street Corp now owns 11,510,200 shares of the transportation company’s stock valued at $1,287,071,000 after purchasing an additional 52,962 shares during the last quarter. Geode Capital Management LLC boosted its holdings in United Airlines by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 9,012,731 shares of the transportation company’s stock worth $1,015,218,000 after buying an additional 68,565 shares during the last quarter. Capital World Investors boosted its holdings in United Airlines by 0.3% during the fourth quarter. Capital World Investors now owns 7,265,530 shares of the transportation company’s stock worth $812,428,000 after buying an additional 22,464 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of United Airlines by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,664,538 shares of the transportation company’s stock worth $521,330,000 after buying an additional 190,017 shares during the period. Finally, Par Capital Management Inc. grew its position in shares of United Airlines by 1.6% during the 4th quarter. Par Capital Management Inc. now owns 4,894,850 shares of the transportation company’s stock worth $547,342,000 after buying an additional 75,000 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of United Airlines from $156.00 to $203.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Zacks Research upgraded shares of United Airlines from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Sanford C. Bernstein upped their target price on shares of United Airlines from $136.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Citigroup increased their target price on shares of United Airlines from $132.00 to $171.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of United Airlines in a report on Friday, July 17th. Sixteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, United Airlines currently has an average rating of “Moderate Buy” and an average price target of $157.74.

United Airlines Stock Up 0.4%

Shares of United Airlines stock opened at $113.57 on Tuesday. United Airlines Holdings Inc has a 1 year low of $84.64 and a 1 year high of $138.77. The business has a 50-day moving average of $123.87 and a two-hundred day moving average of $108.57. The company has a market capitalization of $36.86 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 0.87 and a beta of 1.28. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.78 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.11. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The business had revenue of $17.67 billion for the quarter, compared to analysts’ expectations of $17.62 billion. During the same quarter in the previous year, the business posted $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. As a group, equities analysts predict that United Airlines Holdings Inc will post 10.38 EPS for the current year.

Insider Activity at United Airlines

In other news, President Brett J. Hart sold 30,108 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the president owned 371,583 shares in the company, valued at $44,857,499.76. This represents a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO J Scott Kirby sold 159,321 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $118.05, for a total transaction of $18,807,844.05. Following the sale, the chief executive officer directly owned 797,851 shares of the company’s stock, valued at $94,186,310.55. This represents a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 266,010 shares of company stock valued at $31,732,909. Corporate insiders own 0.86% of the company’s stock.

About United Airlines

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.