Insider Selling: United Airlines (NASDAQ:UAL) EVP Sells $3,382,363.97 in Stock

United Airlines Holdings Inc (NASDAQ:UAL) EVP Kate Gebo sold 28,283 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $119.59, for a total value of $3,382,363.97. Following the completion of the sale, the executive vice president owned 40,735 shares of the company’s stock, valued at $4,871,498.65. The trade was a 40.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Kate Gebo also recently made the following trade(s):

• On Monday, November 9th, Kate Gebo sold 11,717 shares of United Airlines stock. The shares were sold at an average price of $119.50, for a total value of $1,400,181.50.

United Airlines Price Performance

Shares of United Airlines stock traded up $0.18 during trading hours on Tuesday, hitting $120.56. The company’s stock had a trading volume of 5,356,335 shares, compared to its average volume of 5,605,979. The business has a 50 day moving average price of $107.77 and a two-hundred day moving average price of $108.33. United Airlines Holdings Inc has a 12-month low of $84.64 and a 12-month high of $138.77. The company has a market cap of $39.17 billion, a PE ratio of 11.03, a PEG ratio of 1.55 and a beta of 1.38. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.68 and a current ratio of 0.75.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, October 20th. The transportation company reported $2.54 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.03). United Airlines had a return on equity of 17.59% and a net margin of 5.46%. The business had revenue of $17.88 billion during the quarter, compared to the consensus estimate of $17.89 billion. During the same period last year, the company earned $2.78 EPS. The business’s revenue was up 17.4% on a year-over-year basis. Analysts expect that United Airlines Holdings Inc will post 7.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on UAL. UBS Group dropped their price target on United Airlines from $146.00 to $139.00 and set a “buy” rating for the company in a research note on Friday, October 16th. Barclays reduced their price objective on shares of United Airlines from $175.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday, September 11th. Rothschild & Co Redburn lowered their target price on shares of United Airlines from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, September 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of United Airlines in a report on Thursday, October 15th. Finally, Sanford C. Bernstein set a $160.00 target price on shares of United Airlines in a research report on Tuesday, October 20th. Sixteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, United Airlines has an average rating of “Moderate Buy” and an average target price of $156.19.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Dunhill Financial LLC purchased a new stake in shares of United Airlines in the second quarter worth about $25,000. Elevation Wealth Partners LLC boosted its stake in United Airlines by 393.0% during the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company’s stock valued at $29,000 after buying an additional 169 shares during the last quarter. Trust Co. of Vermont bought a new position in United Airlines during the second quarter valued at approximately $29,000. Rakuten Securities Inc. purchased a new position in United Airlines during the 2nd quarter valued at approximately $32,000. Finally, NBH Bank purchased a new position in United Airlines during the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

About United Airlines

United Airlines Holdings, Inc. operates United Airlines, a major U.S. passenger and cargo airline. The company provides domestic and international air transportation, cargo services, and travel-related offerings, including its MileagePlus loyalty program. Regional service is also offered under the United Express brand through partner airlines. United serves destinations across the Americas, Europe, Asia, Africa, and Oceania. Its network is organized around hubs including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco, and Washington, D.C. The airline traces its history to Varney Air Lines, founded in 1926, and has developed through mergers and acquisitions over the decades.