United Airlines Holdings Inc (NASDAQ:UAL) EVP Sells $2,923,113.27 in Stock

Key Points

• Kate Gebo, Executive Vice President of United Airlines, sold 29,953 shares of stock for approximately $2.92 million, reducing her total holdings by 39.70%.
• United Airlines reported $3.87 earnings per share in its latest quarterly earnings, surpassing estimates, while its revenue increased 1.4% year-over-year to $15.24 billion.
• The company has seen a range of analyst price targets from $88.00 to $114.00, with an overall consensus rating of "Buy."

United Airlines Holdings Inc (NASDAQ:UAL - Get Free Report) EVP Kate Gebo sold 29,953 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $97.59, for a total transaction of $2,923,113.27. Following the transaction, the executive vice president owned 45,496 shares of the company's stock, valued at $4,439,954.64. This trade represents a 39.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kate Gebo also recently made the following trade(s):

• On Tuesday, August 12th, Kate Gebo sold 6,343 shares of United Airlines stock. The stock was sold at an average price of $97.81, for a total transaction of $620,408.83.

United Airlines Stock Performance

Shares of United Airlines stock traded up $1.79 on Friday, hitting $100.93. The stock had a trading volume of 6,340,378 shares, compared to its average volume of 5,702,525. The stock has a market cap of $32.67 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 1.31 and a beta of 1.48. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. United Airlines Holdings Inc has a 52-week low of $40.96 and a 52-week high of $116.00. The company's 50 day moving average price is $85.29 and its 200 day moving average price is $82.11.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, beating analysts' consensus estimates of $3.81 by $0.06. The firm had revenue of $15.24 billion for the quarter, compared to analyst estimates of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. United Airlines's quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $4.14 EPS. On average, research analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on UAL. Bank of America upped their price target on shares of United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a report on Friday, July 18th. TD Cowen lifted their price target on shares of United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Susquehanna increased their price objective on United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research note on Tuesday, July 15th. Cantor Fitzgerald set a $88.00 target price on United Airlines in a research report on Tuesday, April 22nd. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $111.43.

Institutional Trading of United Airlines

Large investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in United Airlines in the fourth quarter valued at approximately $34,225,000. Townsquare Capital LLC acquired a new position in shares of United Airlines during the 4th quarter valued at $439,000. Mariner LLC boosted its position in shares of United Airlines by 9.0% in the fourth quarter. Mariner LLC now owns 47,504 shares of the transportation company's stock worth $4,613,000 after buying an additional 3,923 shares during the period. CreativeOne Wealth LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at about $652,000. Finally, NewEdge Advisors LLC raised its holdings in shares of United Airlines by 3.2% during the 4th quarter. NewEdge Advisors LLC now owns 15,650 shares of the transportation company's stock valued at $1,520,000 after buying an additional 480 shares during the period. 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.