Torbjorn J. Enqvist Sells 14,500 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) Stock

United Airlines Holdings, Inc. (NASDAQ:UAL) EVP Torbjorn J. Enqvist sold 14,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the sale, the executive vice president now owns 30,427 shares of the company’s stock, valued at $2,190,744. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

United Airlines Stock Down 0.2 %

Shares of United Airlines stock traded down $0.15 during midday trading on Monday, reaching $74.00. 7,820,585 shares of the company’s stock traded hands, compared to its average volume of 8,667,053. The company has a market cap of $24.34 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 0.98 and a beta of 1.44. The company’s 50 day simple moving average is $51.38 and its 200 day simple moving average is $49.75. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.71 and a current ratio of 0.79. United Airlines Holdings, Inc. has a 52 week low of $33.68 and a 52 week high of $74.96.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. The business had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same quarter last year, the firm earned $3.65 EPS. Equities analysts expect that United Airlines Holdings, Inc. will post 10.05 earnings per share for the current fiscal year.

United Airlines declared that its Board of Directors has approved a stock repurchase program on Tuesday, October 15th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

UAL has been the subject of a number of research reports. Barclays raised their target price on shares of United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Bank of America raised their target price on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday. Jefferies Financial Group raised their target price on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday. TD Cowen raised their price objective on shares of United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Morgan Stanley raised their price objective on shares of United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.94.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Capital International Investors raised its holdings in United Airlines by 2.4% in the 1st quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock worth $885,912,000 after acquiring an additional 429,501 shares during the period. Dimensional Fund Advisors LP raised its holdings in United Airlines by 29.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock worth $272,559,000 after acquiring an additional 1,263,604 shares during the period. Point72 Asset Management L.P. raised its holdings in United Airlines by 489.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock worth $111,687,000 after acquiring an additional 1,905,664 shares during the period. Interval Partners LP bought a new position in United Airlines in the 1st quarter worth $103,354,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of United Airlines by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock worth $55,634,000 after purchasing an additional 64,542 shares during the period. Institutional investors own 69.69% of the company’s stock.

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.