United Continental Holdings Inc (NYSE:UAL) Director Edward Shapiro purchased 25,000 shares of United Continental stock in a transaction on Tuesday, December 4th. The stock was acquired at an average cost of $92.92 per share, for a total transaction of $2,323,000.00. Following the acquisition, the director now directly owns 152,707 shares of the company’s stock, valued at $14,189,534.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Edward Shapiro also recently made the following trade(s):

  • On Thursday, December 6th, Edward Shapiro purchased 30,000 shares of United Continental stock. The stock was acquired at an average cost of $92.57 per share, for a total transaction of $2,777,100.00.

Shares of UAL traded down $4.80 on Friday, hitting $88.23. 4,979,434 shares of the stock traded hands, compared to its average volume of 3,777,262. United Continental Holdings Inc has a 1 year low of $60.44 and a 1 year high of $97.85.

United Continental (NYSE:UAL) last announced its quarterly earnings data on Tuesday, October 16th. The transportation company reported $3.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.01). The company had revenue of $11 billion for the quarter, compared to analyst estimates of $10.95 billion. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.22 earnings per share.

Several institutional investors and hedge funds have recently made changes to their positions in UAL. Primecap Management Co. CA increased its position in United Continental by 0.3% during the third quarter. Primecap Management Co. CA now owns 38,375,613 shares of the transportation company’s stock worth $3,417,732,000 after purchasing an additional 110,624 shares during the last quarter. Vanguard Group Inc. increased its position in United Continental by 0.7% during the third quarter. Vanguard Group Inc. now owns 20,044,520 shares of the transportation company’s stock worth $1,785,164,000 after purchasing an additional 148,292 shares during the last quarter. Lansdowne Partners UK LLP increased its position in United Continental by 44.7% during the third quarter. Lansdowne Partners UK LLP now owns 5,223,705 shares of the transportation company’s stock worth $465,222,000 after purchasing an additional 1,612,901 shares during the last quarter. LSV Asset Management increased its position in United Continental by 2.3% during the third quarter. LSV Asset Management now owns 4,475,944 shares of the transportation company’s stock worth $398,627,000 after purchasing an additional 101,955 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in United Continental by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,386,020 shares of the transportation company’s stock worth $390,590,000 after purchasing an additional 68,208 shares during the last quarter. 95.21% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have issued reports on UAL. Morgan Stanley set a $92.00 price target on shares of United Continental and gave the company a “hold” rating in a report on Tuesday, September 18th. Credit Suisse Group began coverage on shares of United Continental in a report on Monday, November 19th. They issued an “outperform” rating and a $113.00 price target on the stock. Zacks Investment Research raised shares of United Continental from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Monday, October 1st. Goldman Sachs Group assumed coverage on shares of United Continental in a report on Monday, November 12th. They issued a “neutral” rating and a $102.00 price target on the stock. Finally, Imperial Capital upped their price objective on shares of United Continental from $101.00 to $110.00 and gave the company an “in-line” rating in a research note on Tuesday. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $103.75.

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United Continental Company Profile

United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.

See Also: Depreciation

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