Deutsche Bank AG Raises Position in United Airlines Holdings Inc (NASDAQ:UAL)

Deutsche Bank AG raised its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 10.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,395,615 shares of the transportation company’s stock after purchasing an additional 132,373 shares during the quarter. Deutsche Bank AG’s holdings in United Airlines were worth $96,367,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. lifted its stake in United Airlines by 10,777.6% in the 1st quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company’s stock worth $349,953,000 after purchasing an additional 5,021,511 shares in the last quarter. Sanders Capital LLC lifted its stake in United Airlines by 46.4% in the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company’s stock worth $1,344,671,000 after purchasing an additional 4,390,721 shares in the last quarter. Senator Investment Group LP lifted its stake in United Airlines by 214.8% in the 4th quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company’s stock worth $316,648,000 after purchasing an additional 2,225,000 shares in the last quarter. Capital World Investors lifted its stake in United Airlines by 22.4% in the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company’s stock worth $950,461,000 after purchasing an additional 1,791,654 shares in the last quarter. Finally, Susquehanna Advisors Group Inc. purchased a new position in United Airlines in the 4th quarter worth approximately $173,211,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insider Transactions at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of the business’s stock in a transaction on Friday, July 18th. The shares were sold at an average price of $92.22, for a total value of $1,844,400.00. Following the completion of the sale, the executive vice president directly owned 62,358 shares of the company’s stock, valued at $5,750,654.76. The trade was a 24.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michelle Freyre sold 900 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $92.13, for a total transaction of $82,917.00. Following the completion of the sale, the director directly owned 829 shares of the company’s stock, valued at approximately $76,375.77. This trade represents a 52.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 45,672 shares of company stock valued at $4,144,411. Insiders own 0.71% of the company’s stock.

Wall Street Analysts Forecast Growth

UAL has been the topic of a number of research reports. Sanford C. Bernstein reissued an “outperform” rating on shares of United Airlines in a research note on Tuesday, May 13th. TD Cowen raised their price target on shares of United Airlines from $101.00 to $127.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Barclays restated an “overweight” rating and set a $100.00 price target (up previously from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Susquehanna lifted their target price on shares of United Airlines from $81.00 to $109.00 and gave the company a “positive” rating in a report on Tuesday, July 15th. Finally, UBS Group lifted their target price on shares of United Airlines from $103.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, July 15th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Airlines has an average rating of “Buy” and an average target price of $111.43.

United Airlines Price Performance

United Airlines stock opened at $89.29 on Monday. The stock has a market cap of $28.91 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 1.16 and a beta of 1.48. The company has a fifty day simple moving average of $83.71 and a 200-day simple moving average of $82.25. United Airlines Holdings Inc has a 12-month low of $40.13 and a 12-month high of $116.00. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.81 by $0.06. The business had revenue of $15.24 billion during the quarter, compared to analysts’ expectations of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $4.14 EPS. Equities analysts expect that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

About United Airlines

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.