United Airlines Holdings, Inc. (NASDAQ:UAL) EVP Sells $1,044,000.00 in Stock

United Airlines Holdings, Inc. (NASDAQ:UAL) EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the completion of the sale, the executive vice president now owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

United Airlines Trading Down 1.4 %

Shares of United Airlines stock opened at $73.45 on Thursday. The company has a 50-day moving average of $53.39 and a two-hundred day moving average of $50.35. United Airlines Holdings, Inc. has a 12-month low of $33.68 and a 12-month high of $74.96. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.95. The stock has a market cap of $24.15 billion, a PE ratio of 9.08, a price-to-earnings-growth ratio of 0.98 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.23. The firm had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same period last year, the business posted $3.65 EPS. On average, research analysts anticipate that United Airlines Holdings, Inc. will post 10.05 EPS for the current fiscal year.

United Airlines announced that its Board of Directors has approved a share buyback plan on Tuesday, October 15th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on UAL shares. Susquehanna upped their target price on shares of United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a report on Thursday, October 17th. TD Cowen upped their price objective on United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Sanford C. Bernstein lifted their target price on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Barclays boosted their target price on United Airlines from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Bank of America increased their price target on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, United Airlines has a consensus rating of “Moderate Buy” and a consensus price target of $78.94.

Hedge Funds Weigh In On United Airlines

Hedge funds have recently added to or reduced their stakes in the business. Interval Partners LP purchased a new position in United Airlines during the first quarter worth $103,354,000. Point72 Asset Management L.P. increased its position in United Airlines by 489.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock worth $111,687,000 after purchasing an additional 1,905,664 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in United Airlines by 29.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock valued at $272,559,000 after purchasing an additional 1,263,604 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in United Airlines by 177.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,324,398 shares of the transportation company’s stock valued at $75,570,000 after purchasing an additional 847,348 shares in the last quarter. Finally, Senator Investment Group LP acquired a new stake in shares of United Airlines during the 1st quarter worth about $35,910,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

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.