United Airlines Holdings Inc (NASDAQ:UAL) Director Sells $879,840.00 in Stock

Key Points

• Director Barney Harford of United Airlines sold 9,000 shares of stock at an average price of $97.76, totaling $879,840 and reducing his ownership by 10.11%.
• United Airlines' stock traded at $98.47, reflecting a significant increase with a trading volume of over 11 million shares on that day.
• Equities analysts are optimistic, with several firms raising their price targets; the average target price is now $111.43, and the company holds a consensus rating of "Buy".

United Airlines Holdings Inc (NASDAQ:UAL - Get Free Report) Director Barney Harford sold 9,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $97.76, for a total value of $879,840.00. Following the sale, the director directly owned 80,000 shares in the company, valued at approximately $7,820,800. This represents a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, August 8th, Barney Harford sold 15,823 shares of United Airlines stock. The shares were sold at an average price of $90.03, for a total value of $1,424,544.69.

United Airlines Price Performance

Shares of UAL stock traded up $9.14 during trading hours on Tuesday, reaching $98.47. The company's stock had a trading volume of 11,353,823 shares, compared to its average volume of 6,942,831. The firm's 50 day simple moving average is $83.87 and its 200-day simple moving average is $82.14. The company has a market capitalization of $31.88 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 1.16 and a beta of 1.48. United Airlines Holdings Inc has a fifty-two week low of $40.13 and a fifty-two week high of $116.00. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping 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 return on equity of 30.09% and a net margin of 5.71%. United Airlines's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $4.14 EPS. Sell-side analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Hedge Funds Weigh In On United Airlines

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its holdings in United Airlines by 88.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 223,309 shares of the transportation company's stock valued at $21,683,000 after acquiring an additional 104,989 shares during the period. FIL Ltd purchased a new position in United Airlines in the fourth quarter worth $2,590,000. Raymond James Financial Inc. purchased a new position in United Airlines in the fourth quarter worth $34,225,000. Sterling Capital Management LLC grew its position in United Airlines by 121.8% in the fourth quarter. Sterling Capital Management LLC now owns 27,685 shares of the transportation company's stock worth $2,688,000 after acquiring an additional 15,203 shares in the last quarter. Finally, Townsquare Capital LLC purchased a new position in United Airlines in the fourth quarter worth $439,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on UAL shares. UBS Group increased their price target on United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. TD Cowen raised their price objective on United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Evercore ISI reissued an "outperform" rating and issued a $105.00 price objective on shares of United Airlines in a research note on Thursday, July 17th. Finally, Bank of America raised their price objective on United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Airlines currently has a consensus rating of "Buy" and an average target price 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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