Key Points
- United CEO J. Scott Kirby sold 90,367 shares at an average $119.79, worth about $10.83 million; he retained 750,755 shares after the sale.
- United’s latest quarter fell slightly short of estimates, reporting $2.54 in earnings per share versus $2.57 expected and $17.88 billion in revenue versus $17.89 billion expected. Revenue rose 17.4% year over year.
- Analysts have a Moderate Buy consensus rating and an average price target of $156.19, though recent recommendations range from a strong sell to overweight and buy.
United Airlines Holdings Inc (NASDAQ:UAL - Get Free Report) EVP Andrew Nocella sold 7,500 shares of the firm's stock in a transaction on Monday, November 9th. The stock was sold at an average price of $119.41, for a total value of $895,575.00. Following the transaction, the executive vice president owned 207,455 shares in the company, valued at approximately $24,772,201.55. This trade represents a 3.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
United Airlines Price Performance
Shares of NASDAQ UAL opened at $120.56 on Wednesday. The business has a fifty day moving average price of $107.77 and a two-hundred day moving average price of $108.33. The stock has a market capitalization of $39.17 billion, a PE ratio of 11.03, a P/E/G ratio of 1.55 and a beta of 1.38. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.68. United Airlines Holdings Inc has a fifty-two week low of $84.64 and a fifty-two week high of $138.77.
United Airlines (NASDAQ:UAL - Get Free Report) last released its earnings results on Tuesday, October 20th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.03). The company had revenue of $17.88 billion for the quarter, compared to analyst estimates of $17.89 billion. United Airlines had a return on equity of 17.59% and a net margin of 5.46%. The business's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the company posted $2.78 earnings per share. As a group, equities analysts predict that United Airlines Holdings Inc will post 7.04 earnings per share for the current fiscal year.
Hedge Funds Weigh In On United Airlines
Several hedge funds and other institutional investors have recently modified their holdings of UAL. Dunhill Financial LLC acquired a new position in shares of United Airlines during the 2nd quarter worth $25,000. Elevation Wealth Partners LLC lifted its position in shares of United Airlines by 393.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company's stock worth $29,000 after buying an additional 169 shares during the last quarter. Trust Co. of Vermont acquired a new stake in United Airlines in the second quarter valued at about $29,000. Rakuten Securities Inc. acquired a new stake in United Airlines in the second quarter valued at about $32,000. Finally, NBH Bank acquired a new stake in United Airlines in the second quarter valued at about $35,000. Institutional investors own 69.69% of the company's stock.
United Airlines News Roundup
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
Analyst Ratings Changes
UAL has been the topic of a number of analyst reports. Morgan Stanley increased their price objective on shares of United Airlines from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Jefferies Financial Group reissued a "buy" rating and issued a $142.00 target price on shares of United Airlines in a report on Wednesday, October 21st. Zacks Research cut shares of United Airlines from a "hold" rating to a "strong sell" rating in a research report on Monday, September 28th. Argus cut their price target on shares of United Airlines from $140.00 to $125.00 and set a "buy" rating for the company in a report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of United Airlines from $156.00 to $203.00 and gave the stock an "overweight" rating in a report on Friday, July 17th. Sixteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, United Airlines has an average rating of "Moderate Buy" and a consensus price target of $156.19.
Check Out Our Latest Research Report on UAL
About United Airlines
(
Get Free Report)
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.
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