United Airlines Holdings Inc $UAL Shares Sold by Bank of America Corp DE

Bank of America Corp DE reduced its holdings in United Airlines Holdings Inc (NASDAQ:UAL) by 28.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,059,554 shares of the transportation company’s stock after selling 412,627 shares during the quarter. Bank of America Corp DE’s holdings in United Airlines were worth $97,553,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of UAL. State Street Corp lifted its stake in shares of United Airlines by 0.5% in the 4th quarter. State Street Corp now owns 11,510,200 shares of the transportation company’s stock worth $1,287,071,000 after acquiring an additional 52,962 shares during the period. Geode Capital Management LLC lifted its position in United Airlines by 0.8% in 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 purchasing an additional 68,565 shares during the period. Capital World Investors boosted its stake in United Airlines by 0.3% during the 4th quarter. Capital World Investors now owns 7,265,530 shares of the transportation company’s stock valued at $812,428,000 after purchasing an additional 22,464 shares in the last quarter. Dimensional Fund Advisors LP increased 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 valued at $521,330,000 after purchasing an additional 190,017 shares during the period. Finally, Par Capital Management Inc. lifted its holdings in shares of United Airlines by 1.6% in the fourth quarter. Par Capital Management Inc. now owns 4,894,850 shares of the transportation company’s stock valued at $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 Upgrades and Downgrades

Several research analysts have issued reports on the stock. Sanford C. Bernstein lifted their price target on shares of United Airlines from $136.00 to $153.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. UBS Group raised their price objective on United Airlines from $148.00 to $153.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Bank of America lifted 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. Morgan Stanley boosted their target price on United Airlines from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Zacks Research raised United Airlines from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Sixteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, United Airlines presently has an average rating of “Moderate Buy” and a consensus target price of $156.79.

Insiders Place Their Bets

In other news, EVP Torbjorn J. Enqvist sold 20,000 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $119.91, for a total transaction of $2,398,200.00. Following the completion of the transaction, the executive vice president owned 114,800 shares of the company’s stock, valued at approximately $13,765,668. This represents a 14.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 directly owned 371,583 shares of the company’s stock, valued at approximately $44,857,499.76. This trade represents a 7.50% decrease in their position. 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 a total of 306,010 shares of company stock valued at $35,949,843 in the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

United Airlines Price Performance

Shares of UAL opened at $129.56 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.72 and a current ratio of 0.78. The firm has a market cap of $42.05 billion, a PE ratio of 12.12, a PEG ratio of 0.95 and a beta of 1.28. The firm’s 50 day moving average price is $121.47 and its 200 day moving average price is $107.61. United Airlines Holdings Inc has a twelve month low of $84.64 and a twelve month high of $138.77.

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, topping analysts’ consensus estimates of $1.88 by $0.11. The company had revenue of $17.67 billion during the quarter, compared to analysts’ expectations of $17.62 billion. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.87 earnings per share. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. As a group, research analysts expect that United Airlines Holdings Inc will post 10.48 EPS for the current fiscal year.

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.