Insider Selling: United Airlines Holdings, Inc. (NASDAQ:UAL) EVP Sells 60,000 Shares of Stock

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

United Airlines Trading Down 0.3 %

Shares of United Airlines stock opened at $96.51 on Wednesday. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $101.60. The firm’s 50 day simple moving average is $73.21 and its two-hundred day simple moving average is $56.57. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $31.74 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.15 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last released its 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. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. During the same period in the prior year, the firm earned $3.65 EPS. Analysts predict that United Airlines Holdings, Inc. will post 10.23 EPS for the current year.

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

Institutional Investors Weigh In On United Airlines

A number of large investors have recently bought and sold shares of UAL. Bessemer Group Inc. boosted its holdings in United Airlines by 47.4% in the first quarter. Bessemer Group Inc. now owns 5,471 shares of the transportation company’s stock valued at $261,000 after purchasing an additional 1,759 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of United Airlines by 9.8% in the 1st quarter. Advisors Asset Management Inc. now owns 25,873 shares of the transportation company’s stock valued at $1,239,000 after buying an additional 2,318 shares during the period. Price T Rowe Associates Inc. MD boosted its stake 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 buying an additional 64,542 shares during the last quarter. Tidal Investments LLC grew its holdings in United Airlines by 16.4% during 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 during the period. Finally, Comerica Bank raised its position in United Airlines by 8.3% during the first quarter. Comerica Bank now owns 52,457 shares of the transportation company’s stock valued at $2,512,000 after acquiring an additional 4,002 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on UAL shares. Bank of America increased their price objective on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Sanford C. Bernstein increased their target price on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. UBS Group reissued a “buy” rating and issued a $139.00 price target on shares of United Airlines in a research report on Tuesday. Susquehanna raised their price objective on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. Finally, Barclays boosted their target price on shares of United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.