United Airlines Holdings, Inc. (NASDAQ:UAL) EVP Sells $1,407,700.00 in Stock

United Airlines Holdings, Inc. (NASDAQ:UAL) EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the transaction, the executive vice president now owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

United Airlines Price Performance

UAL traded up $2.78 during midday trading on Tuesday, hitting $80.03. The company had a trading volume of 4,428,515 shares, compared to its average volume of 8,559,784. United Airlines Holdings, Inc. has a twelve month low of $36.23 and a twelve month high of $81.35. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The firm’s 50-day simple moving average is $58.99 and its 200-day simple moving average is $52.26. The company has a market capitalization of $26.32 billion, a PE ratio of 9.32, a P/E/G ratio of 0.96 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.23. The company had revenue of $14.84 billion during 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 period in the previous year, the company earned $3.65 EPS. Equities research analysts predict that United Airlines Holdings, Inc. will post 10.18 EPS for the current fiscal year.

United Airlines announced that its board has approved a stock 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 often a sign that the company’s board believes its stock is undervalued.

Institutional Trading of United Airlines

A number of hedge funds and other institutional investors have recently made changes to their positions in UAL. Interval Partners LP acquired a new stake in United Airlines during the 1st quarter valued at $103,354,000. Point72 Asset Management L.P. lifted its stake in United Airlines by 489.2% during the second 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 during the last quarter. Dimensional Fund Advisors LP boosted its stake in United Airlines by 29.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock valued at $272,559,000 after buying an additional 1,263,604 shares in the last quarter. Assenagon Asset Management S.A. increased its position in United Airlines by 177.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,324,398 shares of the transportation company’s stock worth $75,570,000 after purchasing an additional 847,348 shares in the last quarter. Finally, Senator Investment Group LP bought a new position in shares of United Airlines in the 1st quarter valued at $35,910,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Bank of America upped their price target on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Barclays lifted their price objective on United Airlines from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Sanford C. Bernstein upped their price objective on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. 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. Finally, TD Cowen boosted their price objective on United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $78.94.

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.