XTX Topco Ltd Trims Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

XTX Topco Ltd lowered its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 65.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,552 shares of the transportation company’s stock after selling 12,413 shares during the period. XTX Topco Ltd’s holdings in United Airlines were worth $319,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in UAL. BNP Paribas bought a new stake in United Airlines during the 1st quarter worth approximately $25,000. Fidelis Capital Partners LLC bought a new position in shares of United Airlines in the first quarter worth $27,000. Crewe Advisors LLC purchased a new stake in shares of United Airlines in the first quarter worth $32,000. GoalVest Advisory LLC bought a new stake in United Airlines during the first quarter valued at $33,000. Finally, UMB Bank n.a. grew its position in United Airlines by 59.7% during the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after buying an additional 255 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UAL. Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Thursday, June 6th. TD Cowen raised their target price on shares of United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.87.

United Airlines Stock Performance

Shares of United Airlines stock opened at $58.85 on Friday. United Airlines Holdings, Inc. has a 1 year low of $33.68 and a 1 year high of $59.38. The firm’s 50-day moving average is $45.42 and its 200 day moving average is $47.75. The stock has a market cap of $19.35 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 1.12 and a beta of 1.43. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.17. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The firm had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $15.04 billion. During the same quarter in the prior year, the company posted $5.03 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Sell-side analysts anticipate that United Airlines Holdings, Inc. will post 9.78 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.