United Airlines Holdings Inc (NASDAQ:UAL) EVP Sells $1,844,400.00 in Stock

United Airlines Holdings Inc (NASDAQ:UAL - Get Free Report) EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $92.22, for a total value of $1,844,400.00. Following the completion of the transaction, the executive vice president owned 62,358 shares of the company's stock, valued at $5,750,654.76. The trade was a 24.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

United Airlines Price Performance

UAL stock traded up $1.38 on Friday, reaching $91.11. 5,260,638 shares of the company's stock were exchanged, compared to its average volume of 7,927,403. The stock has a fifty day moving average of $81.31 and a 200-day moving average of $83.65. United Airlines Holdings Inc has a twelve month low of $37.02 and a twelve month high of $116.00. The firm has a market cap of $29.50 billion, a PE ratio of 9.13, a P/E/G ratio of 1.18 and a beta of 1.42. 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 quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, topping analysts' consensus estimates of $3.81 by $0.06. United Airlines had a return on equity of 30.09% and a net margin of 5.71%. The firm had revenue of $15.24 billion for the quarter, compared to analyst estimates of $15.31 billion. During the same quarter in the prior year, the company posted $4.14 earnings per share. United Airlines's quarterly revenue was up 1.4% on a year-over-year basis. As a group, equities analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Institutional Trading of United Airlines

Large investors have recently bought and sold shares of the company. Heartland Bank & Trust Co purchased a new stake in shares of United Airlines in the second quarter valued at $205,000. NorthRock Partners LLC purchased a new stake in shares of United Airlines in the second quarter valued at $329,000. Envestnet Portfolio Solutions Inc. lifted its position in shares of United Airlines by 31.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 87,343 shares of the transportation company's stock valued at $6,955,000 after acquiring an additional 20,892 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of United Airlines by 94.4% in the second quarter. Sequoia Financial Advisors LLC now owns 5,939 shares of the transportation company's stock valued at $473,000 after acquiring an additional 2,884 shares in the last quarter. Finally, CWM LLC lifted its position in shares of United Airlines by 102.0% in the second quarter. CWM LLC now owns 43,994 shares of the transportation company's stock valued at $3,503,000 after acquiring an additional 22,210 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on UAL shares. Cantor Fitzgerald set a $88.00 target price on United Airlines in a research note on Tuesday, April 22nd. Barclays restated an "overweight" rating and set a $100.00 target price (up previously from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. Bank of America boosted their target price on United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Susquehanna boosted their target price on United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen lowered United Airlines from a "buy" rating to a "hold" rating in a research report 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $111.43.

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.