Wellington Management Group LLP Buys 60,982 Shares of United Airlines Holdings Inc $UAL

Wellington Management Group LLP raised its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 88.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,162 shares of the transportation company’s stock after buying an additional 60,982 shares during the quarter. Wellington Management Group LLP’s holdings in United Airlines were worth $17,701,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bison Wealth LLC purchased a new position in United Airlines during the fourth quarter valued at approximately $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in United Airlines by 24.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,872 shares of the transportation company’s stock worth $2,753,000 after purchasing an additional 7,713 shares in the last quarter. Focus Partners Wealth lifted its stake in United Airlines by 92.7% in the 1st quarter. Focus Partners Wealth now owns 12,349 shares of the transportation company’s stock worth $853,000 after purchasing an additional 5,939 shares in the last quarter. First Trust Advisors LP boosted its holdings in United Airlines by 23.5% in the 2nd quarter. First Trust Advisors LP now owns 292,580 shares of the transportation company’s stock valued at $23,298,000 after purchasing an additional 55,728 shares during the period. Finally, Cresset Asset Management LLC grew its position in shares of United Airlines by 73.5% during the 2nd quarter. Cresset Asset Management LLC now owns 9,410 shares of the transportation company’s stock valued at $749,000 after purchasing an additional 3,987 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Insider Transactions at United Airlines

In related news, President Brett J. Hart sold 30,108 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $120.72, for a total transaction of $3,634,637.76. Following 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 sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Andrew Nocella sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $117.00, for a total value of $585,000.00. Following the completion of the sale, the executive vice president owned 214,955 shares of the company’s stock, valued at $25,149,735. The trade was a 2.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 271,010 shares of company stock valued at $32,317,909 over the last 90 days. Company insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UAL. Wells Fargo & Company increased their price objective on United Airlines from $130.00 to $165.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Weiss Ratings restated a “hold (c+)” rating on shares of United Airlines in a research report on Friday, July 17th. Barclays upped their target price on United Airlines from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. lifted their price target on United Airlines from $156.00 to $203.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $155.00 price objective on shares of United Airlines in a report on Sunday, July 19th. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.74.

United Airlines Stock Performance

NASDAQ UAL opened at $111.38 on Monday. United Airlines Holdings Inc has a 52-week low of $84.64 and a 52-week high of $138.77. The company has a fifty day moving average of $121.55 and a 200-day moving average of $108.50. The company has a market capitalization of $36.15 billion, a P/E ratio of 10.42, a P/E/G ratio of 0.90 and a beta of 1.27. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.72 and a current ratio of 0.78.

United Airlines (NASDAQ:UAL) last released its earnings results on Wednesday, July 15th. The transportation company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the firm earned $3.87 earnings per share. The firm’s revenue 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 research analysts predict that United Airlines Holdings Inc will post 9.91 EPS for the current fiscal 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.