United Airlines (NASDAQ:UAL) EVP Andrew Nocella Sells 7,500 Shares of Stock

United Airlines Holdings Inc (NASDAQ:UAL) EVP Andrew Nocella sold 7,500 shares of United Airlines stock in a transaction on Monday, November 9th. The shares were sold at an average price of $119.41, for a total value of $895,575.00. Following the completion of the sale, the executive vice president directly owned 207,455 shares of the company’s stock, valued at $24,772,201.55. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

United Airlines Trading Up 0.1%

Shares of UAL stock traded up $0.18 on Tuesday, hitting $120.56. The stock had a trading volume of 5,356,335 shares, compared to its average volume of 5,605,979. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.68. The firm has a market capitalization of $39.17 billion, a P/E ratio of 11.03, a P/E/G ratio of 1.55 and a beta of 1.38. United Airlines Holdings Inc has a 1 year low of $84.64 and a 1 year high of $138.77. The company’s 50 day moving average price is $107.77 and its 200-day moving average price is $108.33.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, October 20th. The transportation company reported $2.54 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.03). United Airlines had a net margin of 5.46% and a return on equity of 17.59%. The firm had revenue of $17.88 billion for the quarter, compared to analysts’ expectations of $17.89 billion. During the same quarter last year, the business earned $2.78 earnings per share. The business’s revenue was up 17.4% compared to the same quarter last year. Analysts anticipate that United Airlines Holdings Inc will post 7.04 earnings per share for the current year.

Analysts Set New Price Targets

UAL has been the topic of several research reports. Jefferies Financial Group reissued a “buy” rating and set a $142.00 price target on shares of United Airlines in a research report on Wednesday, October 21st. Argus dropped their price objective on shares of United Airlines from $140.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, October 22nd. UBS Group dropped their price objective on shares of United Airlines from $146.00 to $139.00 and set a “buy” rating for the company in a report on Friday, October 16th. Rothschild & Co Redburn cut their target price on shares of United Airlines from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, September 18th. Finally, Wall Street Zen lowered shares of United Airlines from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Sixteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, United Airlines has an average rating of “Moderate Buy” and an average target price of $156.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dunhill Financial LLC acquired a new position in United Airlines during the 2nd quarter worth $25,000. Elevation Wealth Partners LLC increased its holdings in United Airlines by 393.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company’s stock worth $29,000 after purchasing an additional 169 shares during the period. Trust Co. of Vermont acquired a new stake in United Airlines in the 2nd quarter valued at about $29,000. Rakuten Securities Inc. acquired a new stake in United Airlines in the 2nd quarter valued at about $32,000. Finally, NBH Bank acquired a new stake in United Airlines in the 2nd quarter valued at about $35,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

About United Airlines

United Airlines Holdings, Inc. operates United Airlines, a major U.S. passenger and cargo airline. The company provides domestic and international air transportation, cargo services, and travel-related offerings, including its MileagePlus loyalty program. Regional service is also offered under the United Express brand through partner airlines. United serves destinations across the Americas, Europe, Asia, Africa, and Oceania. Its network is organized around hubs including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco, and Washington, D.C. The airline traces its history to Varney Air Lines, founded in 1926, and has developed through mergers and acquisitions over the decades.