United Airlines Holdings Inc (NASDAQ:UAL – Get Free Report) CEO J Scott Kirby sold 1,078 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $120.74, for a total value of $130,157.72. Following the completion of the sale, the chief executive officer directly owned 797,851 shares in the company, valued at approximately $96,332,529.74. This represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
J Scott Kirby also recently made the following trade(s):
- On Monday, June 15th, J Scott Kirby sold 48,303 shares of United Airlines stock. The shares were sold at an average price of $121.30, for a total value of $5,859,153.90.
United Airlines Price Performance
UAL stock opened at $118.32 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.64 and a current ratio of 0.70. The company has a market capitalization of $38.40 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 0.98 and a beta of 1.27. United Airlines Holdings Inc has a one year low of $71.55 and a one year high of $124.79. The company’s fifty day moving average price is $101.63 and its 200-day moving average price is $104.09.
Institutional Investors Weigh In On United Airlines
Several institutional investors have recently bought and sold shares of the stock. Sanders Capital LLC boosted its stake in shares of United Airlines by 1.8% during the 3rd quarter. Sanders Capital LLC now owns 14,773,585 shares of the transportation company’s stock worth $1,425,651,000 after acquiring an additional 258,670 shares in the last quarter. State Street Corp increased its stake in United Airlines by 0.5% in the 4th quarter. State Street Corp now owns 11,510,200 shares of the transportation company’s stock valued at $1,287,071,000 after buying an additional 52,962 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 acquiring an additional 68,565 shares during the last quarter. Capital World Investors increased its position in United Airlines by 0.3% in the 4th quarter. Capital World Investors now owns 7,265,530 shares of the transportation company’s stock worth $812,428,000 after purchasing an additional 22,464 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in United Airlines by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,664,538 shares of the transportation company’s stock worth $521,330,000 after buying an additional 190,017 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently commented on UAL. Susquehanna set a $135.00 price objective on shares of United Airlines in a research note on Thursday, April 23rd. Citigroup reduced their target price on shares of United Airlines from $155.00 to $132.00 and set a “buy” rating for the company in a report on Friday, March 20th. Jefferies Financial Group reduced their price objective on shares of United Airlines from $118.00 to $112.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Morgan Stanley upped their price target on United Airlines from $150.00 to $182.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, Rothschild & Co Redburn cut their price objective on United Airlines from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $134.59.
Get Our Latest Stock Report on United Airlines
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.
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