United Airlines Holdings Inc (NASDAQ:UAL – Get Free Report) CEO J Scott Kirby sold 1,078 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $120.74, for a total transaction of $130,157.72. Following the completion of the transaction, the chief executive officer owned 797,851 shares of the company’s stock, valued at approximately $96,332,529.74. This trade represents a 0.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
J Scott Kirby also recently made the following trade(s):
- On Monday, June 15th, J Scott Kirby sold 48,303 shares of United Airlines stock. The shares were sold at an average price of $121.30, for a total transaction of $5,859,153.90.
United Airlines Stock Performance
UAL opened at $118.32 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 1.38. The business’s 50 day moving average is $101.19 and its 200-day moving average is $103.99. The stock has a market cap of $38.40 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 0.96 and a beta of 1.27. United Airlines Holdings Inc has a twelve month low of $71.55 and a twelve month high of $124.79.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of UAL. Legacy Wealth Managment LLC ID acquired a new position in United Airlines during the fourth quarter worth about $25,000. Western Wealth Management LLC acquired a new stake in United Airlines in the 1st quarter valued at about $27,000. JPL Wealth Management LLC acquired a new stake in United Airlines in the 3rd quarter valued at about $29,000. Cache Advisors LLC acquired a new stake in United Airlines in the 1st quarter valued at about $33,000. Finally, BOCHK Asset Management Ltd bought a new position in shares of United Airlines during the 4th quarter valued at about $34,000. Institutional investors own 69.69% of the company’s stock.
Trending Headlines about United Airlines
Here are the key news stories impacting United Airlines this week:
- Positive Sentiment: Recent commentary has turned more favorable on United Airlines, citing lower fuel prices, strong travel demand, and tighter industry capacity later this year, which could support fares and profitability. Outlook Brightens For United Airlines; Longer-Term Doubts Persist
- Positive Sentiment: United may also benefit from a cheaper jet fuel outlook after the reopening of the Strait of Hormuz, which could improve margins for UAL and the airline sector more broadly. United (UAL) Faces A Cheaper Fuel Outlook After Strait Of Hormuz Reopens
- Positive Sentiment: A Zacks note said UAL has been outperforming the market, reflecting continued investor interest after the stock’s strong recent run. United Airlines (UAL) Laps the Stock Market: Here’s Why
- Neutral Sentiment: United’s CEO sold shares under a pre-arranged 10b5-1 plan, which is routine but can still slightly pressure sentiment. United Airlines (NASDAQ:UAL) CEO Sells $130,157.72 in Stock
- Negative Sentiment: Longer-term concerns remain around aggressive growth plans, higher labor costs, heavy capital spending, and FAA hub constraints, which could cap upside even if near-term demand stays strong. Outlook Brightens For United Airlines; Longer-Term Doubts Persist
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Susquehanna set a $135.00 price target on United Airlines in a research note on Thursday, April 23rd. Wall Street Zen raised shares of United Airlines from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Citigroup decreased their target price on shares of United Airlines from $155.00 to $132.00 and set a “buy” rating for the company in a research report on Friday, March 20th. TD Cowen raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 18th. Finally, BMO Capital Markets boosted their price target on shares of United Airlines from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $134.59.
Read Our Latest Stock Report on UAL
About United Airlines
United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.
In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.
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