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

United Airlines Holdings Inc (NASDAQ:UAL) President Brett Hart sold 39,000 shares of the firm’s stock in a transaction that occurred 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 sale, the president owned 325,122 shares in the company, valued at $33,383,526.96. This represents a 10.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

United Airlines Stock Performance

Shares of NASDAQ:UAL traded down $2.03 during trading on Tuesday, hitting $107.21. The company’s stock had a trading volume of 3,952,078 shares, compared to its average volume of 5,692,860. 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 cap of $34.83 billion, a price-to-earnings ratio of 9.81, a P/E/G ratio of 1.31 and a beta of 1.30. The company has a 50-day moving average of $107.57 and a 200-day moving average of $108.24. United Airlines Holdings Inc has a 12 month low of $84.64 and a 12 month high of $138.77.

United Airlines (NASDAQ:UAL) last announced 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). United Airlines had a net margin of 5.46% and a return on equity of 17.59%. The business had revenue of $17.88 billion for the quarter, compared to the consensus estimate of $17.89 billion. During the same quarter last year, the firm posted $2.78 earnings per share. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, sell-side analysts expect that United Airlines Holdings Inc will post 7.17 earnings per share for the current year.

Institutional Investors Weigh In On United Airlines

A number of institutional investors have recently bought and sold shares of the business. Dunhill Financial LLC bought a new position in shares of United Airlines in the second quarter worth about $25,000. Western Wealth Management LLC bought a new stake in United Airlines during the 1st quarter valued at approximately $27,000. Elevation Wealth Partners LLC raised its stake in United Airlines by 393.0% during the 2nd 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 bought a new stake in United Airlines during the 2nd quarter valued at approximately $29,000. Finally, Rakuten Securities Inc. purchased a new position in United Airlines in the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on UAL shares. BMO Capital Markets cut their price target on United Airlines from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, October 22nd. Zacks Research downgraded United Airlines from a “hold” rating to a “strong sell” rating in a research note on Monday, September 28th. Susquehanna lowered their price objective on United Airlines from $150.00 to $130.00 and set a “positive” rating on the stock in a research report on Thursday, October 22nd. Jefferies Financial Group reiterated a “buy” rating and set a $142.00 price objective on shares of United Airlines in a research note on Wednesday, October 21st. Finally, TD Cowen reduced their target price on shares of United Airlines from $192.00 to $167.00 and set a “buy” rating for the company in a report on Friday, October 2nd. 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.19.

United Airlines Company Profile

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.