United Airlines Holdings Inc (NASDAQ:UAL – Get Free Report) CEO J Scott Kirby sold 48,303 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $121.30, for a total value of $5,859,153.90. Following the completion of the sale, the chief executive officer owned 798,929 shares in the company, valued at $96,910,087.70. This represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 Price Performance
UAL opened at $118.32 on Friday. The company has a market capitalization of $38.40 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.98 and a beta of 1.27. 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 firm has a 50-day moving average price of $101.63 and a 200-day moving average price of $104.09. United Airlines Holdings Inc has a twelve month low of $71.55 and a twelve month high of $124.79.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on UAL shares. Morgan Stanley increased their target price on United Airlines from $150.00 to $182.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Citigroup decreased their price objective on United Airlines from $155.00 to $132.00 and set a “buy” rating on the stock in a research note on Friday, March 20th. BMO Capital Markets increased their price objective on United Airlines from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Rothschild & Co Redburn cut their target price on United Airlines from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Airlines in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $134.59.
Read Our Latest Report on United Airlines
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of UAL. Legacy Wealth Managment LLC ID bought a new position in shares of United Airlines in the fourth quarter worth $25,000. Western Wealth Management LLC bought a new stake in United Airlines during the first quarter valued at $27,000. JPL Wealth Management LLC bought a new stake in United Airlines during the third quarter valued at $29,000. BOCHK Asset Management Ltd purchased a new position in United Airlines during the fourth quarter worth about $34,000. Finally, Motiv8 Investments LLC purchased a new position in United Airlines during the fourth quarter worth about $35,000. 69.69% of the stock is owned by institutional investors.
About United Airlines
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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