United Airlines Holdings Inc (NASDAQ:UAL – Get Free Report) CEO J Scott Kirby sold 48,303 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $121.30, for a total value of $5,859,153.90. Following the transaction, the chief executive officer directly owned 798,929 shares in the company, valued at $96,910,087.70. This trade represents a 5.70% decrease in their ownership of the stock. 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 Tuesday, June 16th, J Scott Kirby sold 1,078 shares of United Airlines stock. The stock was sold at an average price of $120.74, for a total value of $130,157.72.
United Airlines Stock Performance
NASDAQ:UAL opened at $118.32 on Friday. The stock has a market cap of $38.40 billion, a P/E ratio of 10.56, a price-to-earnings-growth ratio of 0.96 and a beta of 1.27. The firm’s fifty day simple moving average is $101.19 and its 200 day simple moving average is $103.99. United Airlines Holdings Inc has a twelve month low of $71.55 and a twelve month high of $124.79. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 1.38.
Hedge Funds Weigh In On United Airlines
Several large investors have recently made changes to their positions in the business. Sanders Capital LLC increased its position in United Airlines by 1.8% during the 3rd quarter. Sanders Capital LLC now owns 14,773,585 shares of the transportation company’s stock valued at $1,425,651,000 after buying an additional 258,670 shares in the last quarter. State Street Corp raised its stake in United Airlines by 0.5% during the fourth quarter. State Street Corp now owns 11,510,200 shares of the transportation company’s stock valued at $1,287,071,000 after buying an additional 52,962 shares during the last quarter. Geode Capital Management LLC boosted its holdings in United Airlines by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 9,012,731 shares of the transportation company’s stock worth $1,015,218,000 after acquiring an additional 68,565 shares in the last quarter. Capital World Investors boosted its holdings in United Airlines by 0.3% in the fourth quarter. Capital World Investors now owns 7,265,530 shares of the transportation company’s stock worth $812,428,000 after acquiring an additional 22,464 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of United Airlines by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,664,538 shares of the transportation company’s stock worth $521,330,000 after acquiring an additional 190,017 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. Susquehanna set a $135.00 price objective on shares of United Airlines in a report on Thursday, April 23rd. Citigroup reduced their target price on United Airlines from $155.00 to $132.00 and set a “buy” rating on the stock in a report on Friday, March 20th. TD Cowen raised United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 18th. Morgan Stanley raised their target price on United Airlines from $150.00 to $182.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Wall Street Zen upgraded United Airlines from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.59.
Check Out Our Latest Analysis on UAL
United Airlines News Summary
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
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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