Key Points
- United Airlines President Brett Hart sold 39,000 shares for about $4.0 million at an average price of $102.68, reducing his direct stake by 10.71% to 325,122 shares.
- Quarterly earnings were slightly below expectations: United reported $2.54 per share versus the $2.57 consensus, while revenue of $17.88 billion also narrowly missed estimates. Revenue rose 17.4% year over year.
- Analysts’ overall view remains “Moderate Buy,” with an average price target of $156.19; 16 analysts rate the stock Buy, one Hold and one Sell.
United Airlines Holdings Inc (NASDAQ:UAL - Get Free Report) President Brett Hart sold 39,000 shares of the stock in a transaction on Friday, October 30th. The stock was sold at an average price of $102.68, for a total transaction of $4,004,520.00. Following the transaction, the president directly owned 325,122 shares in the company, valued at approximately $33,383,526.96. This represents a 10.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
United Airlines Trading Down 1.9%
NASDAQ:UAL opened at $107.21 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 1.38. The firm has a fifty day simple moving average of $107.44 and a two-hundred day simple moving average of $108.22. The stock has a market capitalization of $34.83 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.38 and a beta of 1.38. United Airlines Holdings Inc has a 12 month low of $84.64 and a 12 month high of $138.77.
United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Tuesday, October 20th. The transportation company reported $2.54 EPS for the quarter, missing analysts' consensus estimates of $2.57 by ($0.03). United Airlines had a net margin of 5.46% and a return on equity of 17.59%. The firm had revenue of $17.88 billion during the quarter, compared to the consensus estimate of $17.89 billion. During the same period in the previous year, the firm earned $2.78 earnings per share. The business's quarterly revenue was up 17.4% on a year-over-year basis. Analysts expect that United Airlines Holdings Inc will post 7.17 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have commented on UAL. Wall Street Zen cut United Airlines from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of United Airlines in a research report on Thursday, October 15th. UBS Group cut their target price on United Airlines from $146.00 to $139.00 and set a "buy" rating on the stock in a report on Friday, October 16th. Zacks Research downgraded shares of United Airlines from a "hold" rating to a "strong sell" rating in a research report on Monday, September 28th. Finally, Sanford C. Bernstein set a $160.00 price target on shares of United Airlines in a research report on Tuesday, October 20th. Sixteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $156.19.
Check Out Our Latest Analysis on United Airlines
Hedge Funds Weigh In On United Airlines
A number of hedge funds have recently added to or reduced their stakes in the stock. Dunhill Financial LLC purchased a new stake in shares of United Airlines in the second quarter worth approximately $25,000. Elevation Wealth Partners LLC lifted its holdings in shares of United Airlines by 393.0% in the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company's stock valued at $29,000 after purchasing an additional 169 shares in the last quarter. Trust Co. of Vermont bought a new position in shares of United Airlines in the second quarter valued at approximately $29,000. Rakuten Securities Inc. purchased a new position in shares of United Airlines during the second quarter valued at approximately $32,000. Finally, NBH Bank purchased a new position in shares of United Airlines during the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 69.69% of the company's stock.
United Airlines Company Profile
(
Get Free Report)
United Airlines Holdings, Inc is the parent company of United Airlines, a major U.S. commercial airline headquartered in Chicago, Illinois. The company provides scheduled passenger air transportation and air cargo services, connecting customers across the United States and to international destinations.
United operates a broad network serving North America, Latin America, Europe, Asia, Africa and Oceania. Its operations are supported by hubs in major U.S. cities, including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC, as well as an extensive network of regional carriers operating under the United Express brand.
The company offers several travel classes and related services, including premium-cabin seating, onboard amenities, airport lounges and the MileagePlus customer loyalty program.
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