United Airlines Holdings Inc (NASDAQ:UAL) Director Barney Harford Sells 15,823 Shares

Key Points

• Director Barney Harford of United Airlines sold 15,823 shares at an average price of $90.03, totaling over $1.42 million, representing a 15.09% decrease in his holdings.
• United Airlines' stock increased by 10.2%, reaching $98.47, with healthy trading volumes surpassing the usual average.
• Analysts have varying opinions on the stock, with a consensus rating of "Buy" and a target price averaging $111.43, indicating a positive growth outlook.

United Airlines Holdings Inc (NASDAQ:UAL - Get Free Report) Director Barney Harford sold 15,823 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $90.03, for a total transaction of $1,424,544.69. Following the transaction, the director owned 89,000 shares in the company, valued at approximately $8,012,670. This trade represents a 15.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Barney Harford also recently made the following trade(s):

• On Tuesday, August 12th, Barney Harford sold 9,000 shares of United Airlines stock. The stock was sold at an average price of $97.76, for a total transaction of $879,840.00.

United Airlines Trading Up 10.2%

Shares of United Airlines stock traded up $9.14 during trading on Tuesday, hitting $98.47. The stock had a trading volume of 11,353,823 shares, compared to its average volume of 6,942,831. The firm's fifty day simple moving average is $83.87 and its 200-day simple moving average is $82.14. The stock has a market cap of $31.88 billion, a PE ratio of 9.87, a PEG ratio of 1.16 and a beta of 1.48. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. United Airlines Holdings Inc has a 12 month low of $40.13 and a 12 month high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.81 by $0.06. The business had revenue of $15.24 billion during 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%. The company's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.14 EPS. As a group, sell-side analysts expect that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Institutional Trading of United Airlines

Large investors have recently made changes to their positions in the business. Capital A Wealth Management LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at about $31,000. Hemington Wealth Management increased its position in shares of United Airlines by 50.6% during the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock valued at $32,000 after acquiring an additional 160 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of United Airlines during the first quarter valued at about $32,000. Eastern Bank acquired a new stake in shares of United Airlines during the first quarter valued at about $35,000. Finally, Banque Transatlantique SA purchased a new position in shares of United Airlines in the first quarter valued at approximately $35,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UAL has been the topic of several recent analyst reports. Sanford C. Bernstein restated an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. Wall Street Zen cut shares of United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Barclays reaffirmed an "overweight" rating and set a $100.00 target price (up from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. TD Cowen raised their target price 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. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $105.00 target price on shares of United Airlines in a research note on Thursday, July 17th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $111.43.

United Airlines Company Profile

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.

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