United Airlines Holdings, Inc. (NASDAQ:UAL) EVP Kate Gebo Sells 17,500 Shares

United Airlines Holdings, Inc. (NASDAQ:UAL) EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the sale, the executive vice president now owns 40,012 shares in the company, valued at $3,218,565.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

United Airlines Price Performance

Shares of UAL traded up $2.78 during midday trading on Tuesday, hitting $80.03. 4,428,515 shares of the company traded hands, compared to its average volume of 8,559,784. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The stock has a market cap of $26.32 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 0.96 and a beta of 1.39. United Airlines Holdings, Inc. has a 52 week low of $36.23 and a 52 week high of $81.35. The firm has a 50 day moving average of $58.99 and a 200-day moving average of $52.26.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The company had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. During the same period in the previous year, the firm earned $3.65 earnings per share. On average, analysts forecast that United Airlines Holdings, Inc. will post 10.18 EPS for the current fiscal year.

United Airlines declared that its board has initiated a stock buyback program on Tuesday, October 15th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on UAL shares. Barclays raised their target price on United Airlines from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Bank of America upped their price objective on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Sanford C. Bernstein increased their price target on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. TD Cowen upped their price target on United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, Jefferies Financial Group boosted their price objective on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.94.

Institutional Trading of United Airlines

A number of institutional investors have recently made changes to their positions in UAL. Price T Rowe Associates Inc. MD lifted its stake in shares of United Airlines by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock valued at $55,634,000 after purchasing an additional 64,542 shares during the period. Bessemer Group Inc. grew its stake in shares of United Airlines by 47.4% in the 1st quarter. Bessemer Group Inc. now owns 5,471 shares of the transportation company’s stock valued at $261,000 after buying an additional 1,759 shares during the period. Tidal Investments LLC increased its position in shares of United Airlines by 16.4% during the 1st quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company’s stock worth $835,000 after purchasing an additional 2,456 shares during the last quarter. Texas Permanent School Fund Corp raised its position in United Airlines by 1.0% in the first quarter. Texas Permanent School Fund Corp now owns 67,719 shares of the transportation company’s stock valued at $3,242,000 after purchasing an additional 669 shares during the period. Finally, Senator Investment Group LP lifted its stake in United Airlines by 39.5% during the 2nd quarter. Senator Investment Group LP now owns 1,046,051 shares of the transportation company’s stock worth $50,901,000 after acquiring an additional 296,051 shares in the last quarter. Institutional investors and hedge funds 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.