United Airlines (NASDAQ:UAL) President Sells $4,004,520.00 in Stock

United Airlines Holdings Inc (NASDAQ:UAL) President Brett Hart sold 39,000 shares of United Airlines stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $102.68, for a total value of $4,004,520.00. Following the completion of the sale, the president owned 325,122 shares of the company’s stock, valued at $33,383,526.96. This trade represents a 10.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

United Airlines Trading Down 4.6%

NASDAQ UAL opened at $110.49 on Friday. The company has a market cap of $35.90 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.48 and a beta of 1.38. United Airlines Holdings Inc has a 12 month low of $84.64 and a 12 month high of $138.77. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.68. The company has a 50-day moving average of $107.32 and a 200-day moving average of $108.21.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, October 20th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.03). United Airlines had a return on equity of 17.59% and a net margin of 5.46%. The company had revenue of $17.88 billion during the quarter, compared to analyst estimates of $17.89 billion. During the same period in the prior year, the business posted $2.78 earnings per share. United Airlines’s revenue was up 17.4% on a year-over-year basis. As a group, equities analysts predict that United Airlines Holdings Inc will post 7.10 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $142.00 price target on shares of United Airlines in a report on Wednesday, October 21st. JPMorgan Chase & Co. upped their price objective on United Airlines from $156.00 to $203.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Wells Fargo & Company cut their target price on United Airlines from $160.00 to $155.00 and set an “overweight” rating on the stock in a research report on Thursday, October 22nd. TD Cowen reduced their target price on United Airlines from $192.00 to $167.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Finally, Susquehanna reduced their target price on United Airlines from $150.00 to $130.00 and set a “positive” rating on the stock in a report on Thursday, October 22nd. Sixteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.19.

Institutional Trading of United Airlines

Several large investors have recently bought and sold shares of the company. Primecap Management Co. CA acquired a new stake in United Airlines in the second quarter worth approximately $2,238,617,000. Sanders Capital LLC increased its position in shares of United Airlines by 0.4% during the 3rd quarter. Sanders Capital LLC now owns 15,090,502 shares of the transportation company’s stock valued at $1,674,291,000 after purchasing an additional 62,554 shares during the period. State Street Corp increased its position in shares of United Airlines by 1.4% during the 2nd quarter. State Street Corp now owns 11,788,111 shares of the transportation company’s stock valued at $1,603,065,000 after purchasing an additional 162,283 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of United Airlines by 3.5% in the 1st 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 in the last quarter. Finally, Amundi raised its stake in shares of United Airlines by 57.4% in the 2nd quarter. Amundi now owns 1,916,864 shares of the transportation company’s stock worth $260,674,000 after buying an additional 699,334 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Company Profile

United Airlines Holdings, Inc is the parent company of United Airlines, a major U.S. commercial airline headquartered in Chicago, Illinois. The company provides scheduled passenger air transportation and air cargo services, connecting customers across the United States and to international destinations.

United operates a broad network serving North America, Latin America, Europe, Asia, Africa and Oceania. Its operations are supported by hubs in major U.S. cities, including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC, as well as an extensive network of regional carriers operating under the United Express brand.

The company offers several travel classes and related services, including premium-cabin seating, onboard amenities, airport lounges and the MileagePlus customer loyalty program.