United Airlines (NASDAQ:UAL) CEO J Scott Kirby Sells 90,367 Shares of Company Stock

United Airlines Holdings Inc (NASDAQ:UAL) CEO J. Kirby sold 90,367 shares of United Airlines stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $119.79, for a total transaction of $10,825,062.93. Following the completion of the sale, the chief executive officer owned 750,755 shares of the company’s stock, valued at $89,932,941.45. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

United Airlines Stock Up 0.1%

Shares of NASDAQ UAL opened at $120.56 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. The business’s 50 day moving average is $107.77 and its two-hundred day moving average is $108.33. United Airlines Holdings Inc has a 52-week low of $84.64 and a 52-week high of $138.77. The firm has a market cap of $39.17 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 1.55 and a beta of 1.38.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, October 20th. The transportation company reported $2.54 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.03). United Airlines had a return on equity of 17.59% and a net margin of 5.46%. The firm had revenue of $17.88 billion for the quarter, compared to analysts’ expectations of $17.89 billion. During the same quarter in the prior year, the business earned $2.78 earnings per share. The company’s quarterly revenue was up 17.4% on a year-over-year basis. Research analysts predict that United Airlines Holdings Inc will post 7.04 EPS for the current year.

Trending Headlines about United Airlines

Here are the key news stories impacting United Airlines this week:

• Positive Sentiment: United and the Metropolitan Washington Airports Authority opened Concourse E at Washington Dulles, adding 14 gates and upgraded passenger facilities. The expansion supports more international service and United’s goal of operating more than 300 daily departures from the hub, potentially creating room for future growth. United Airlines Expands Dulles Hub With New Concourse E Opening
• Positive Sentiment: A recent decline in oil prices eased fuel-cost concerns and helped lift airline shares, including United’s, in the prior session. Lower fuel costs can support airline margins if the decline persists. United Airlines Stocks Climb as Oil Slide Eases Fuel Pressure
• Negative Sentiment: CEO J. Scott Kirby sold 90,367 shares, while EVP Andrew Nocella sold 7,500 shares; EVP Kate Gebo also reported stock sales. Insider sales can raise concern about executives’ views, although the filings alone do not establish their reasons. SEC filing for CEO share sale

Hedge Funds Weigh In On United Airlines

Several hedge funds and other institutional investors have recently made changes to their positions in UAL. Dunhill Financial LLC purchased a new stake in shares of United Airlines during the second quarter worth approximately $25,000. Elevation Wealth Partners LLC lifted its stake in United Airlines by 393.0% in the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company’s stock worth $29,000 after acquiring an additional 169 shares during the last quarter. Trust Co. of Vermont purchased a new position in United Airlines in the second quarter worth approximately $29,000. Rakuten Securities Inc. purchased a new position in United Airlines in the second quarter worth approximately $32,000. Finally, NBH Bank acquired a new position in United Airlines during the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Ratings Changes

UAL has been the subject of several recent research reports. JPMorgan Chase & Co. raised their price objective on shares of United Airlines from $156.00 to $203.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Zacks Research cut shares of United Airlines from a “hold” rating to a “strong sell” rating in a report on Monday, September 28th. Sanford C. Bernstein set a $160.00 target price on shares of United Airlines in a research note on Tuesday, October 20th. Barclays reduced their target price on shares of United Airlines from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Friday, September 11th. Finally, UBS Group decreased their price target on shares of United Airlines from $146.00 to $139.00 and set a “buy” rating for the company in a research report on Friday, October 16th. Sixteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $156.19.

About United Airlines

United Airlines Holdings, Inc. operates United Airlines, a major U.S. passenger and cargo airline. The company provides domestic and international air transportation, cargo services, and travel-related offerings, including its MileagePlus loyalty program. Regional service is also offered under the United Express brand through partner airlines. United serves destinations across the Americas, Europe, Asia, Africa, and Oceania. Its network is organized around hubs including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco, and Washington, D.C. The airline traces its history to Varney Air Lines, founded in 1926, and has developed through mergers and acquisitions over the decades.