United Airlines (NASDAQ:UAL) EVP Kate Gebo Sells 28,283 Shares of Stock

Key Points

• United Airlines EVP Kate Gebo sold 28,283 shares at an average $119.59, totaling about $3.38 million; she retained 40,735 shares after the sale.
• For its latest quarter, United reported EPS of $2.54, slightly below the $2.57 analyst consensus, while revenue rose 17.4% year over year to $17.88 billion.
• Analysts have a “Moderate Buy” consensus on the stock, with an average price target of $156.19.

United Airlines Holdings Inc (NASDAQ:UAL - Get Free Report) EVP Kate Gebo sold 28,283 shares of the stock in a transaction on Monday, November 9th. The shares were sold at an average price of $119.59, for a total value of $3,382,363.97. Following the transaction, the executive vice president directly owned 40,735 shares in the company, valued at $4,871,498.65. The trade was a 40.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, November 9th, Kate Gebo sold 11,717 shares of United Airlines stock. The stock was sold at an average price of $119.50, for a total value of $1,400,181.50.

United Airlines Stock Performance

Shares of UAL traded up $0.18 during trading hours on Tuesday, hitting $120.56. The stock had a trading volume of 5,356,335 shares, compared to its average volume of 5,605,979. The firm has a market capitalization of $39.17 billion, a PE ratio of 11.03, a PEG 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 12 month low of $84.64 and a 12 month high of $138.77. The stock has a fifty day moving average price of $107.77 and a 200 day moving average price of $108.33.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Tuesday, October 20th. The transportation company reported $2.54 earnings per share 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 prior year, the company posted $2.78 EPS. The firm's revenue was up 17.4% compared to the same quarter last year. Analysts anticipate that United Airlines Holdings Inc will post 7.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UAL. Weiss Ratings reiterated a "hold (c+)" rating on shares of United Airlines in a research report on Thursday, October 15th. Zacks Research downgraded shares of United Airlines from a "hold" rating to a "strong sell" rating in a research report on Monday, September 28th. Jefferies Financial Group reissued a "buy" rating and set a $142.00 price objective on shares of United Airlines in a research report on Wednesday, October 21st. Rothschild & Co Redburn reduced their price objective on United Airlines from $165.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, September 18th. Finally, Evercore reaffirmed an "outperform" rating and issued a $160.00 target price on shares of United Airlines in a report on Wednesday, October 21st. Sixteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $156.19.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. purchased a new position in United Airlines during the third quarter valued at approximately $5,468,000. Composition Wealth LLC boosted its position in shares of United Airlines by 42.1% in the third quarter. Composition Wealth LLC now owns 3,969 shares of the transportation company's stock worth $440,000 after purchasing an additional 1,176 shares during the period. Public Sector Pension Investment Board increased its stake in shares of United Airlines by 96.3% in the third quarter. Public Sector Pension Investment Board now owns 162,255 shares of the transportation company's stock worth $16,759,000 after purchasing an additional 79,586 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of United Airlines by 93.6% in the third quarter. Global Retirement Partners LLC now owns 8,870 shares of the transportation company's stock worth $984,000 after purchasing an additional 4,289 shares in the last quarter. Finally, Rothschild Investment LLC increased its stake in shares of United Airlines by 1.3% in the third quarter. Rothschild Investment LLC now owns 19,912 shares of the transportation company's stock worth $2,209,000 after purchasing an additional 250 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

United Airlines Company Profile

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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