United Airlines Holdings Inc (NASDAQ:UAL – Get Free Report) CEO J Scott Kirby sold 1,078 shares of the business’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 transaction, the chief executive officer owned 797,851 shares in the company, valued at approximately $96,332,529.74. The trade was a 0.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 stock was sold at an average price of $121.30, for a total transaction of $5,859,153.90.
United Airlines Stock Performance
Shares of NASDAQ:UAL traded down $2.68 on Wednesday, hitting $115.83. 5,129,493 shares of the company were exchanged, compared to its average volume of 6,789,267. The company’s 50 day moving average price is $100.11 and its two-hundred day moving average price is $103.78. United Airlines Holdings Inc has a one year low of $71.55 and a one year high of $124.79. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.64 and a current ratio of 0.70. The firm has a market capitalization of $37.59 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.00 and a beta of 1.27.
Analysts Set New Price Targets
Several research firms have recently issued reports on UAL. Zacks Research upgraded shares of United Airlines from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Citigroup dropped their price objective on shares of United Airlines from $155.00 to $132.00 and set a “buy” rating on the stock in a report on Friday, March 20th. UBS Group upped their target price on shares of United Airlines from $139.00 to $148.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Jefferies Financial Group lowered their target price on shares of United Airlines from $118.00 to $112.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Finally, Wells Fargo & Company lowered their target price on shares of United Airlines from $145.00 to $130.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.59.
Read Our Latest Report on United Airlines
Institutional Trading of United Airlines
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC boosted its position in United Airlines by 61.0% in the fourth quarter. CWM LLC now owns 84,286 shares of the transportation company’s stock valued at $9,425,000 after buying an additional 31,921 shares in the last quarter. Russell Investments Group Ltd. boosted its position in United Airlines by 6.3% in the third quarter. Russell Investments Group Ltd. now owns 909,263 shares of the transportation company’s stock valued at $87,804,000 after buying an additional 53,541 shares in the last quarter. GSA Capital Partners LLP boosted its position in United Airlines by 830.7% in the third quarter. GSA Capital Partners LLP now owns 36,679 shares of the transportation company’s stock valued at $3,540,000 after buying an additional 32,738 shares in the last quarter. Holocene Advisors LP boosted its position in United Airlines by 40.1% in the third quarter. Holocene Advisors LP now owns 1,491,352 shares of the transportation company’s stock valued at $143,915,000 after buying an additional 427,012 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co acquired a new position in United Airlines in the third quarter valued at about $1,321,000. Institutional investors own 69.69% of the company’s stock.
United Airlines Company Profile
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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