United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. reduced its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 8.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,277 shares of the transportation company’s stock after selling 3,171 shares during the period. Raymond James Trust N.A.’s holdings in United Airlines were worth $1,842,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC acquired a new stake in shares of United Airlines in the third quarter valued at about $29,000. Strategic Investment Solutions Inc. IL purchased a new position in United Airlines in the second quarter valued at about $30,000. UMB Bank n.a. boosted its stake in shares of United Airlines by 59.7% during the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after acquiring an additional 255 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new stake in shares of United Airlines in the 3rd quarter worth approximately $36,000. Finally, Quest Partners LLC increased its stake in United Airlines by 3,504.8% in the 2nd quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 736 shares in the last quarter. Hedge funds and other 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 analyst reports. The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. Jefferies Financial Group increased their price objective on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Susquehanna lifted their target price on shares of United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Thursday, October 17th. Bank of America increased their price target on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, Sanford C. Bernstein lifted their price objective on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.28.

Insider Activity

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction dated 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 transaction, the executive vice president now directly owns 30,427 shares of the company’s stock, valued at $2,190,744. The trade was a 32.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kate Gebo sold 17,500 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. This trade represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.

United Airlines Stock Performance

United Airlines stock opened at $95.24 on Friday. The stock has a fifty day moving average price of $71.42 and a 200 day moving average price of $55.93. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $95.99. The firm has a market capitalization of $31.32 billion, a P/E ratio of 11.49, a PEG ratio of 1.12 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping 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 business had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. During the same period in the prior year, the firm posted $3.65 EPS. Equities research analysts anticipate that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

United Airlines declared that its board has approved a stock repurchase plan on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.