United Airlines (NASDAQ:UAL) President Sells $4,004,520.00 in Stock

United Airlines Holdings Inc (NASDAQ:UAL) President Brett Hart sold 39,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the president directly owned 325,122 shares in the company, valued at $33,383,526.96. This trade represents a 10.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

United Airlines Price Performance

UAL traded down $2.03 during trading on Tuesday, hitting $107.21. 3,952,078 shares of the company traded hands, compared to its average volume of 5,692,860. The company has a market cap of $34.83 billion, a PE ratio of 9.81, a P/E/G ratio of 1.31 and a beta of 1.30. United Airlines Holdings Inc has a 1 year low of $84.64 and a 1 year high of $138.77. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 1.38. The stock’s 50-day simple moving average is $107.57 and its two-hundred day simple moving average is $108.24.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, October 20th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.03). The firm had revenue of $17.88 billion during the quarter, compared to the consensus estimate of $17.89 billion. United Airlines had a return on equity of 17.59% and a net margin of 5.46%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the firm posted $2.78 earnings per share. As a group, sell-side analysts anticipate that United Airlines Holdings Inc will post 7.17 earnings per share for the current fiscal year.

Institutional Trading of United Airlines

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

Analyst Ratings Changes

UAL has been the topic of several recent research reports. Zacks Research cut United Airlines from a “hold” rating to a “strong sell” rating in a report on Monday, September 28th. Rothschild & Co Redburn reduced their price target on shares of United Airlines from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, September 18th. Sanford C. Bernstein set a $160.00 price target on shares of United Airlines in a research note on Tuesday, October 20th. Wall Street Zen lowered shares of United Airlines from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, BMO Capital Markets dropped their price objective on shares of United Airlines from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Thursday, October 22nd. Sixteen investment 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $156.19.

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.