Insider Selling: United Airlines Holdings, Inc. (NASDAQ:UAL) EVP Sells 14,500 Shares of 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 stock was sold at an average price of $72.00, for a total value of $1,044,000.00. Following the sale, the executive vice president now owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

United Airlines Stock Performance

UAL traded down $0.15 on Monday, hitting $74.00. 7,820,585 shares of the company’s stock were exchanged, compared to its average volume of 8,667,053. The stock has a fifty day moving average of $51.38 and a two-hundred day moving average of $49.75. United Airlines Holdings, Inc. has a twelve month low of $33.68 and a twelve month high of $74.96. The firm has a market cap of $24.34 billion, a PE ratio of 9.02, a P/E/G ratio of 0.98 and a beta of 1.44. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.95.

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

United Airlines announced that its Board of Directors has approved a stock repurchase 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 reacquire 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 shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently commented on UAL shares. Jefferies Financial Group upped their price objective on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday. Bank of America upped their price target on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays upped their price target on shares of United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. TD Cowen upped their price objective on shares of United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Susquehanna upped their price objective on shares of United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.94.

Institutional Investors Weigh In On United Airlines

Several large investors have recently made changes to their positions in UAL. B. Riley Wealth Advisors Inc. boosted its holdings in shares of United Airlines by 8.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 5,671 shares of the transportation company’s stock valued at $234,000 after acquiring an additional 447 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of United Airlines by 54.9% in the first quarter. GAMMA Investing LLC now owns 2,698 shares of the transportation company’s stock valued at $129,000 after acquiring an additional 956 shares in the last quarter. Mather Group LLC. bought a new position in shares of United Airlines in the first quarter valued at approximately $44,000. Global Assets Advisory LLC bought a new position in shares of United Airlines in the first quarter valued at approximately $1,086,000. Finally, GoalVest Advisory LLC bought a new position in shares of United Airlines in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

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.