United Airlines (NASDAQ:UAL) EVP Sells 7,500 Shares of Stock

Key Points

• EVP Andrew Nocella sold 7,500 United Airlines shares for about $895,575 at an average price of $119.41, reducing his stake by 3.49% to 207,455 shares.
• United reported quarterly EPS of $2.54, slightly below analysts’ $2.57 estimate, while revenue of $17.88 billion was also just below forecasts; revenue rose 17.4% year over year.
• Analysts overall have a “Moderate Buy” consensus and an average price target of $156.19, though ratings range from strong sell to 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 completion of the sale, the executive vice president directly owned 207,455 shares of the company's stock, valued at $24,772,201.55. This trade represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

United Airlines Trading Up 0.1%

Shares of NASDAQ UAL traded up $0.18 during trading on Tuesday, hitting $120.56. 5,356,335 shares of the company were exchanged, compared to its average volume of 5,605,979. The company has a fifty day moving average price of $107.77 and a 200-day moving average price of $108.33. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.68 and a current ratio of 0.75. The firm 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. 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 announced its quarterly earnings data on Tuesday, October 20th. The transportation company reported $2.54 earnings per share (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 analysts' expectations of $17.89 billion. During the same period in the prior year, the company posted $2.78 EPS. The company's revenue for the quarter was up 17.4% compared to the same quarter last year. As a group, equities research analysts expect that United Airlines Holdings Inc will post 7.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on UAL shares. Zacks Research cut shares of United Airlines from a "hold" rating to a "strong sell" rating in a research note on Monday, September 28th. Morgan Stanley lifted their price target on shares of United Airlines from $185.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Wells Fargo & Company reduced their price target on shares of United Airlines from $160.00 to $155.00 and set an "overweight" rating on the stock in a research report on Thursday, October 22nd. Evercore reiterated an "outperform" rating and issued a $160.00 price objective on shares of United Airlines in a report on Wednesday, October 21st. Finally, UBS Group lowered their price objective on 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 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $156.19.

Institutional Trading of United Airlines

A number of hedge funds and other institutional investors have recently modified their holdings of UAL. Primecap Management Co. CA acquired a new position in shares of United Airlines in the 2nd quarter worth approximately $2,238,617,000. International Assets Investment Management LLC increased its holdings in United Airlines by 7,757.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,426,000 shares of the transportation company's stock valued at $158,215,000 after purchasing an additional 1,407,852 shares during the last quarter. Deutsche Bank AG acquired a new stake in United Airlines in the 2nd quarter valued at approximately $178,571,000. Bank of New York Mellon Corp acquired a new stake in United Airlines in the 2nd quarter valued at approximately $178,508,000. Finally, Bank of America Corp DE purchased a new stake in United Airlines in the second quarter valued at approximately $153,537,000. 69.69% of the stock is owned by institutional investors and hedge funds.

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.

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