United Airlines Holdings Inc (NASDAQ:UAL – Get Free Report) CEO J Scott Kirby sold 48,303 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $121.30, for a total transaction of $5,859,153.90. Following the completion of the transaction, the chief executive officer owned 798,929 shares in the company, valued at approximately $96,910,087.70. This represents a 5.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
J Scott Kirby also recently made the following trade(s):
- On Tuesday, June 16th, J Scott Kirby sold 1,078 shares of United Airlines stock. The stock was sold at an average price of $120.74, for a total transaction of $130,157.72.
United Airlines Stock Performance
Shares of NASDAQ UAL opened at $115.83 on Thursday. The firm’s 50-day moving average price is $100.61 and its 200-day moving average price is $103.88. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 1.38. The company has a market cap of $37.59 billion, a PE ratio of 10.34, a PEG ratio of 0.98 and a beta of 1.27. United Airlines Holdings Inc has a 52-week low of $71.55 and a 52-week high of $124.79.
Institutional Trading of United Airlines
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC increased its holdings in United Airlines by 5.3% during the fourth quarter. Root Financial Partners LLC now owns 1,840 shares of the transportation company’s stock valued at $206,000 after buying an additional 93 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in United Airlines by 51.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 318 shares of the transportation company’s stock valued at $36,000 after buying an additional 108 shares during the last quarter. True Wealth Design LLC increased its holdings in United Airlines by 9.1% during the fourth quarter. True Wealth Design LLC now owns 1,352 shares of the transportation company’s stock valued at $151,000 after buying an additional 113 shares during the last quarter. Fulton Bank N.A. increased its holdings in United Airlines by 3.2% during the fourth quarter. Fulton Bank N.A. now owns 3,639 shares of the transportation company’s stock valued at $407,000 after buying an additional 114 shares during the last quarter. Finally, AXA S.A. increased its holdings in United Airlines by 0.8% during the second quarter. AXA S.A. now owns 15,465 shares of the transportation company’s stock valued at $1,231,000 after buying an additional 121 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
UAL has been the topic of a number of recent analyst reports. TD Cowen raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 18th. Jefferies Financial Group dropped their price target on shares of United Airlines from $118.00 to $112.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Airlines in a report on Monday, April 20th. BMO Capital Markets raised their price target on shares of United Airlines from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Finally, Zacks Research raised shares of United Airlines from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.59.
Read Our Latest Research Report on United Airlines
United Airlines Company Profile
United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.
In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.
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