United Airlines (NASDAQ:UAL) President Brett Hart Sells 39,000 Shares of Stock

United Airlines Holdings Inc (NASDAQ:UAL) President Brett Hart sold 39,000 shares of the company’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $102.68, for a total transaction of $4,004,520.00. Following the sale, the president directly owned 325,122 shares of the company’s stock, valued at $33,383,526.96. This represents a 10.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

United Airlines Trading Down 1.9%

Shares of United Airlines stock opened at $107.21 on Wednesday. The company has a market capitalization of $34.83 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.38 and a beta of 1.38. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. United Airlines Holdings Inc has a 12-month low of $84.64 and a 12-month high of $138.77. The firm’s 50-day moving average price is $107.44 and its two-hundred day moving average price is $108.22.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, October 20th. The transportation company reported $2.54 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $17.89 billion. During the same quarter in the previous year, the firm posted $2.78 earnings per share. United Airlines’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, analysts forecast that United Airlines Holdings Inc will post 7.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on UAL shares. Wells Fargo & Company cut their target price on United Airlines from $160.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday, October 22nd. Morgan Stanley lifted their price target on United Airlines from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Airlines in a research note on Thursday, October 15th. Susquehanna dropped their price objective on United Airlines from $150.00 to $130.00 and set a “positive” rating for the company in a research report on Thursday, October 22nd. Finally, UBS Group reduced their price objective on United Airlines from $146.00 to $139.00 and set a “buy” rating on the stock in a research note on Friday, October 16th. Sixteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $156.19.

Institutional Trading of United Airlines

A number of hedge funds have recently added to or reduced their stakes in the stock. Dunhill Financial LLC acquired a new stake in United Airlines during the second quarter worth approximately $25,000. Elevation Wealth Partners LLC increased its holdings in United Airlines by 393.0% in the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company’s stock worth $29,000 after purchasing an additional 169 shares in the last quarter. Trust Co. of Vermont acquired a new position in United Airlines in the second quarter valued at approximately $29,000. Rakuten Securities Inc. acquired a new position in United Airlines in the second quarter valued at approximately $32,000. Finally, NBH Bank bought a new position in shares of United Airlines during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

About United Airlines

United Airlines Holdings, Inc is the parent company of United Airlines, a major U.S. commercial airline headquartered in Chicago, Illinois. The company provides scheduled passenger air transportation and air cargo services, connecting customers across the United States and to international destinations.

United operates a broad network serving North America, Latin America, Europe, Asia, Africa and Oceania. Its operations are supported by hubs in major U.S. cities, including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC, as well as an extensive network of regional carriers operating under the United Express brand.

The company offers several travel classes and related services, including premium-cabin seating, onboard amenities, airport lounges and the MileagePlus customer loyalty program.