Chevy Chase Trust Holdings LLC Sells 3,728 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Chevy Chase Trust Holdings LLC lowered its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 172,579 shares of the transportation company’s stock after selling 3,728 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in United Airlines were worth $16,757,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Moody National Bank Trust Division boosted its holdings in United Airlines by 2.1% in the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock valued at $470,000 after acquiring an additional 98 shares in the last quarter. Diversify Advisory Services LLC boosted its holdings in shares of United Airlines by 2.2% during the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after buying an additional 101 shares in the last quarter. Huntington National Bank boosted its holdings in shares of United Airlines by 10.8% during the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after buying an additional 129 shares in the last quarter. Hemington Wealth Management boosted its holdings in shares of United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after buying an additional 131 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of United Airlines by 25.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock valued at $69,000 after buying an additional 142 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

UAL has been the topic of a number of research reports. Raymond James restated an “outperform” rating and set a $130.00 target price (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. UBS Group lifted their price target on United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Morgan Stanley lifted their price target on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $119.00 price target on shares of United Airlines in a research report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $113.88.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $104.26 on Friday. The business has a 50-day simple moving average of $102.34 and a two-hundred day simple moving average of $77.35. The firm has a market cap of $34.29 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. The business had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.00 EPS. On average, analysts expect that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current year.

Insider Buying and Selling at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 63,599 shares in the company, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.63% 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.