United Airlines (NASDAQ:UAL) EVP Andrew Nocella Sells 7,500 Shares of Company Stock

United Airlines Holdings Inc (NASDAQ:UAL) EVP Andrew Nocella sold 7,500 shares of the company’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $119.41, for a total transaction of $895,575.00. Following the completion of the transaction, the executive vice president owned 207,455 shares in the company, valued at approximately $24,772,201.55. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

United Airlines Price Performance

Shares of UAL opened at $120.56 on Wednesday. The company’s 50-day moving average is $107.77 and its 200-day moving average is $108.33. 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 firm has a market capitalization of $39.17 billion, a PE ratio of 11.03, a PEG ratio of 1.55 and a beta of 1.38. United Airlines Holdings Inc has a fifty-two week low of $84.64 and a fifty-two week high of $138.77.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, October 20th. The transportation company reported $2.54 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 for the quarter, compared to the consensus estimate of $17.89 billion. During the same period in the previous year, the firm posted $2.78 EPS. The business’s quarterly revenue was up 17.4% on a year-over-year basis. Equities analysts forecast that United Airlines Holdings Inc will post 7.04 EPS for the current year.

United Airlines News Roundup

Here are the key news stories impacting United Airlines this week:

• Positive Sentiment: United and the Metropolitan Washington Airports Authority opened Concourse E at Washington Dulles, adding 14 gates and upgraded passenger facilities. The expansion supports more international service and United’s goal of operating more than 300 daily departures from the hub, potentially creating room for future growth. United Airlines Expands Dulles Hub With New Concourse E Opening
• Positive Sentiment: A recent decline in oil prices eased fuel-cost concerns and helped lift airline shares, including United’s, in the prior session. Lower fuel costs can support airline margins if the decline persists. United Airlines Stocks Climb as Oil Slide Eases Fuel Pressure
• Negative Sentiment: CEO J. Scott Kirby sold 90,367 shares, while EVP Andrew Nocella sold 7,500 shares; EVP Kate Gebo also reported stock sales. Insider sales can raise concern about executives’ views, although the filings alone do not establish their reasons. SEC filing for CEO share sale

Analysts Set New Price Targets

UAL has been the subject of several research reports. TD Cowen cut their price objective on shares of United Airlines from $192.00 to $167.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Morgan Stanley upped their target price on United Airlines from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. upped their target price on United Airlines from $156.00 to $203.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. BMO Capital Markets lowered their target price on United Airlines from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, October 22nd. Finally, Argus dropped their price target on United Airlines from $140.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, October 22nd. Sixteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.19.

Hedge Funds Weigh In On United Airlines

Several institutional investors and hedge funds have recently modified their holdings of UAL. Primecap Management Co. CA bought a new position in United Airlines during the second quarter worth about $2,238,617,000. Sanders Capital LLC raised its stake in United Airlines by 0.4% in the 3rd quarter. Sanders Capital LLC now owns 15,090,502 shares of the transportation company’s stock worth $1,674,291,000 after purchasing an additional 62,554 shares in the last quarter. State Street Corp raised its stake in United Airlines by 1.4% in the 2nd quarter. State Street Corp now owns 11,788,111 shares of the transportation company’s stock worth $1,603,065,000 after purchasing an additional 162,283 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in 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 purchasing an additional 190,017 shares in the last quarter. Finally, Boston Partners boosted its holdings in United Airlines by 1.0% in the 3rd quarter. Boston Partners now owns 4,425,446 shares of the transportation company’s stock valued at $490,754,000 after purchasing an additional 45,505 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

About United Airlines

United Airlines Holdings, Inc. operates United Airlines, a major U.S. passenger and cargo airline. The company provides domestic and international air transportation, cargo services, and travel-related offerings, including its MileagePlus loyalty program. Regional service is also offered under the United Express brand through partner airlines. United serves destinations across the Americas, Europe, Asia, Africa, and Oceania. Its network is organized around hubs including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco, and Washington, D.C. The airline traces its history to Varney Air Lines, founded in 1926, and has developed through mergers and acquisitions over the decades.