Private Trust Co. NA lowered its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 73.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 751 shares of the transportation company’s stock after selling 2,071 shares during the period. Private Trust Co. NA’s holdings in United Airlines were worth $60,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. WPG Advisers LLC bought a new position in United Airlines during the first quarter worth about $32,000. Hemington Wealth Management grew its holdings in United Airlines by 50.6% during the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company’s stock worth $32,000 after purchasing an additional 160 shares during the period. Eastern Bank bought a new position in United Airlines during the first quarter worth about $35,000. Banque Transatlantique SA bought a new position in United Airlines during the first quarter worth about $35,000. Finally, Strategic Investment Solutions Inc. IL grew its holdings in United Airlines by 44.0% during the second quarter. Strategic Investment Solutions Inc. IL now owns 579 shares of the transportation company’s stock worth $46,000 after purchasing an additional 177 shares during the period. Institutional investors own 69.69% of the company’s stock.
United Airlines Stock Down 0.6%
NASDAQ UAL opened at $95.68 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 1.45. United Airlines Holdings Inc has a 1-year low of $52.00 and a 1-year high of $116.00. The company has a 50 day moving average of $101.79 and a 200-day moving average of $86.94. The company has a market cap of $30.98 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.90 and a beta of 1.45.
Insider Activity
In other news, Director Barney Harford sold 9,000 shares of United Airlines stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $97.76, for a total value of $879,840.00. Following the completion of the sale, the director directly owned 80,000 shares in the company, valued at approximately $7,820,800. The trade was a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kate Gebo sold 6,343 shares of United Airlines stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $97.81, for a total transaction of $620,408.83. Following the completion of the sale, the executive vice president owned 69,106 shares of the company’s stock, valued at approximately $6,759,257.86. The trade was a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,019 shares of company stock worth $5,930,824. Corporate insiders own 0.71% of the company’s stock.
Analyst Upgrades and Downgrades
UAL has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price target on United Airlines from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Susquehanna raised their price objective on shares of United Airlines from $109.00 to $115.00 and gave the stock a “positive” rating in a research report on Friday, October 3rd. Barclays raised their price objective on shares of United Airlines from $115.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. TD Cowen raised their price objective on shares of United Airlines from $127.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Loop Capital set a $110.00 price objective on shares of United Airlines in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $124.93.
View Our Latest Research Report on UAL
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.
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