United Airlines Holdings, Inc. (NASDAQ:UAL) EVP Sells $5,707,200.00 in Stock

United Airlines Holdings, Inc. (NASDAQ:UAL) EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the transaction, the executive vice president now directly owns 63,599 shares in the company, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

United Airlines Price Performance

UAL stock traded down $0.32 during trading on Tuesday, reaching $96.51. The company’s stock had a trading volume of 8,313,649 shares, compared to its average volume of 8,409,943. The company has a market capitalization of $31.74 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 1.13 and a beta of 1.39. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The company’s fifty day moving average is $72.33 and its 200-day moving average is $56.26. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $101.60.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.23. The business had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same period in the prior year, the company posted $3.65 EPS. On average, research analysts expect that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current fiscal year.

United Airlines announced that its Board of Directors has approved a stock repurchase program on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

UAL has been the subject of several research analyst reports. UBS Group reiterated a “buy” rating and issued a $139.00 price objective on shares of United Airlines in a report on Tuesday. Sanford C. Bernstein boosted their price objective on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Bank of America raised their target price on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Jefferies Financial Group increased their price target on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Citigroup upped their price objective on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $96.15.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of United Airlines in the third quarter worth about $129,000. Geode Capital Management LLC increased its stake in United Airlines by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock worth $477,526,000 after acquiring an additional 168,498 shares during the last quarter. MidWestOne Financial Group Inc. raised its holdings in shares of United Airlines by 28.0% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock worth $3,064,000 after acquiring an additional 11,743 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of United Airlines by 24.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 5,165 shares of the transportation company’s stock valued at $295,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of United Airlines in the third quarter valued at $218,000. Institutional investors own 69.69% of the company’s stock.

About United Airlines

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.