Linda P. Jojo Sells 60,000 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) Stock

United Airlines Holdings, Inc. (NASDAQ:UAL) EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the sale, the executive vice president now owns 63,599 shares in the company, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

United Airlines Trading Down 0.2 %

Shares of UAL opened at $96.35 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $101.60. The firm has a market capitalization of $31.69 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 1.15 and a beta of 1.39. The stock’s fifty day simple moving average is $74.07 and its 200-day simple moving average is $56.85.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.23. The business had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same quarter in the prior year, the firm posted $3.65 earnings per share. As a group, research analysts predict that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

United Airlines announced that its board has approved a share repurchase plan on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On United Airlines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its holdings in shares of United Airlines by 47.4% in the first quarter. Bessemer Group Inc. now owns 5,471 shares of the transportation company’s stock worth $261,000 after acquiring an additional 1,759 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of United Airlines by 9.8% in the first quarter. Advisors Asset Management Inc. now owns 25,873 shares of the transportation company’s stock worth $1,239,000 after acquiring an additional 2,318 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of United Airlines by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock worth $55,634,000 after acquiring an additional 64,542 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of United Airlines by 16.4% in the first quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company’s stock worth $835,000 after acquiring an additional 2,456 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of United Airlines by 8.3% in the first quarter. Comerica Bank now owns 52,457 shares of the transportation company’s stock worth $2,512,000 after acquiring an additional 4,002 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Jefferies Financial Group upped their price target on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Morgan Stanley upped their price target on United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Bank of America upped their price target on United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Barclays upped their price target on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, TD Cowen upped their price target on United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, United Airlines has an average rating of “Moderate Buy” and an average price target of $96.15.

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.