United Airlines Holdings Inc $UAL Shares Purchased by U S Global Investors Inc.

U S Global Investors Inc. increased its stake in United Airlines Holdings Inc (NASDAQ:UAL) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,102,816 shares of the transportation company’s stock after purchasing an additional 10,378 shares during the quarter. United Airlines makes up 10.3% of U S Global Investors Inc.’s investment portfolio, making the stock its largest holding. U S Global Investors Inc.’s holdings in United Airlines were worth $87,817,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in United Airlines by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,520,643 shares of the transportation company’s stock worth $105,000,000 after purchasing an additional 16,477 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of United Airlines during the first quarter worth approximately $15,089,000. Generate Investment Management Ltd acquired a new position in shares of United Airlines during the first quarter worth approximately $10,773,000. Exchange Traded Concepts LLC lifted its holdings in shares of United Airlines by 132.9% during the first quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company’s stock worth $518,000 after buying an additional 4,281 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of United Airlines by 147.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,113 shares of the transportation company’s stock worth $1,113,000 after buying an additional 9,604 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at United Airlines

In other United Airlines news, President Brett J. Hart sold 24,772 shares of the company’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $89.50, for a total value of $2,217,094.00. Following the sale, the president directly owned 283,638 shares in the company, valued at $25,385,601. This represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michelle Freyre sold 900 shares of the company’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $92.13, for a total value of $82,917.00. Following the completion of the sale, the director owned 829 shares in the company, valued at $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. Over the last ninety days, insiders sold 106,791 shares of company stock valued at $9,992,318. 0.71% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on UAL shares. Cowen reiterated a “buy” rating on shares of United Airlines in a report on Tuesday, July 15th. Weiss Ratings lowered United Airlines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Barclays upped their price target on United Airlines from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. upped their price target on United Airlines from $122.00 to $149.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Finally, Wall Street Zen lowered United Airlines from a “buy” rating to a “hold” rating in a report on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $120.64.

United Airlines Stock Performance

UAL opened at $96.67 on Friday. The stock has a market cap of $31.29 billion, a PE ratio of 9.69, a P/E/G ratio of 1.28 and a beta of 1.45. 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 Holdings Inc has a 1 year low of $52.00 and a 1 year high of $116.00. The stock’s 50 day simple moving average is $100.40 and its 200-day simple moving average is $84.94.

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, beating analysts’ consensus estimates of $3.81 by $0.06. The business had revenue of $15.24 billion for the quarter, compared to analysts’ expectations of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.United Airlines’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Sell-side analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current 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.