Sumitomo Mitsui DS Asset Management Company Ltd Increases Position in United Airlines Holdings Inc $UAL

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in United Airlines Holdings Inc (NASDAQ:UAL) by 3.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,713 shares of the transportation company’s stock after purchasing an additional 600 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in United Airlines were worth $1,331,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Capital A Wealth Management LLC purchased a new stake in shares of United Airlines in the fourth quarter valued at approximately $31,000. WPG Advisers LLC purchased a new stake in shares of United Airlines in the first quarter valued at approximately $32,000. Hemington Wealth Management boosted its holdings in shares of United Airlines by 50.6% in the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 160 shares during the period. Eastern Bank purchased a new stake in shares of United Airlines in the first quarter valued at approximately $35,000. Finally, Banque Transatlantique SA purchased a new stake in shares of United Airlines in the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

Shares of UAL stock opened at $104.18 on Tuesday. The business’s fifty day simple moving average is $98.16 and its 200-day simple moving average is $82.81. The company has a market cap of $33.73 billion, a PE ratio of 10.44, a PEG ratio of 1.38 and a beta of 1.47. 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 12-month low of $51.44 and a 12-month high of $116.00.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.81 by $0.06. The business had revenue of $15.24 billion for the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Insider Buying and Selling at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of the company’s stock in a transaction on Friday, July 18th. The stock was sold at an average price of $92.22, for a total value of $1,844,400.00. Following the transaction, the executive vice president directly owned 62,358 shares of the company’s stock, valued at $5,750,654.76. This represents a 24.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barney Harford sold 15,823 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $90.03, for a total value of $1,424,544.69. Following the completion of the transaction, the director directly owned 89,000 shares in the company, valued at approximately $8,012,670. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,791 shares of company stock valued at $9,992,318. Corporate insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

UAL has been the subject of a number of research reports. Barclays reiterated an “overweight” rating and issued a $100.00 price target (up previously from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. UBS Group upped their target price on United Airlines from $103.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, July 15th. Wall Street Zen lowered United Airlines from a “buy” rating to a “hold” rating in a report on Friday, July 18th. Susquehanna upped their target price on United Airlines from $81.00 to $109.00 and gave the stock a “positive” rating in a report on Tuesday, July 15th. Finally, Evercore ISI restated an “outperform” rating and set a $105.00 target price on shares of United Airlines in a report on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $112.57.

United Airlines Company Profile

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.