United Airlines Holdings Inc (NASDAQ:UAL – Get Free Report) EVP Kate Gebo sold 34,669 shares of United Airlines stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $105.41, for a total value of $3,654,459.29. Following the completion of the transaction, the executive vice president owned 67,707 shares of the company’s stock, valued at $7,136,994.87. The trade was a 33.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Kate Gebo also recently made the following trade(s):
- On Tuesday, May 26th, Kate Gebo sold 5,331 shares of United Airlines stock. The shares were sold at an average price of $105.51, for a total value of $562,473.81.
United Airlines Stock Up 2.2%
Shares of UAL traded up $2.44 during midday trading on Thursday, hitting $115.06. The company had a trading volume of 6,522,333 shares, compared to its average volume of 6,984,091. The company’s 50-day simple moving average is $94.86 and its 200-day simple moving average is $102.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.64 and a current ratio of 0.70. The firm has a market capitalization of $37.35 billion, a P/E ratio of 10.27, a P/E/G ratio of 0.90 and a beta of 1.20. United Airlines Holdings Inc has a 1 year low of $71.55 and a 1 year high of $119.21.
Key United Airlines News
Here are the key news stories impacting United Airlines this week:
- Positive Sentiment: UAL extended its recent rally as airline shares benefited from lower oil prices and easing geopolitical worries, which can improve profit margins for carriers like United Airlines. United Airlines, Frontier, and Marriott Vacations Stocks Trade Up, What You Need To Know
- Positive Sentiment: Several market updates highlighted UAL’s strong momentum, including a report that the stock has been outperforming the broader market and another note that the airline sector may have more room to run. United Airlines (UAL) Exceeds Market Returns: Some Facts to Consider
- Positive Sentiment: Investors also appeared to react favorably to speculation around a Starlink-related catalyst, adding to the upbeat sentiment around the stock. UAL stock gains over 6% — and there is a Starlink connection
- Neutral Sentiment: United Airlines presented at Bernstein’s annual conference, but no major new guidance or financial update was disclosed in the transcript, so the impact on the stock looks limited. United Airlines Holdings, Inc. (UAL) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
- Negative Sentiment: Executive Vice President Kate Gebo disclosed sales totaling more than 40,000 shares, which can weigh on investor sentiment even if insider sales do not necessarily signal a change in fundamentals. SEC filing
- Negative Sentiment: CEO Scott Kirby said United does not expect to pursue airline consolidation in the foreseeable future, which may disappoint investors looking for merger-driven growth or industry consolidation upside. United Airlines CEO rules out consolidation push after American rebuff
Institutional Investors Weigh In On United Airlines
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Root Financial Partners LLC lifted its stake in United Airlines by 5.3% in 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 lifted its stake in United Airlines by 51.4% in 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 lifted its stake in United Airlines by 9.1% in 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. Murphy & Mullick Capital Management Corp lifted its stake in United Airlines by 20.5% in the third quarter. Murphy & Mullick Capital Management Corp now owns 669 shares of the transportation company’s stock valued at $63,000 after buying an additional 114 shares during the last quarter. Finally, Fulton Bank N.A. lifted its stake in United Airlines by 3.2% in 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. Hedge funds and other institutional investors own 69.69% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Zacks Research downgraded United Airlines from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. TD Cowen raised United Airlines from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 18th. Citigroup lowered their price target on United Airlines from $155.00 to $132.00 and set a “buy” rating for the company in a report on Friday, March 20th. Wells Fargo & Company lowered their price target on United Airlines from $145.00 to $130.00 and set an “overweight” rating for the company in a report on Monday, March 16th. Finally, Susquehanna set a $135.00 price target on United Airlines in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, United Airlines has a consensus rating of “Moderate Buy” and an average target price of $132.71.
Check Out Our Latest Report on United Airlines
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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