United Airlines Holdings Inc $UAL Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in United Airlines Holdings Inc (NASDAQ:UAL) by 3.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 185,972 shares of the transportation company’s stock after selling 6,708 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.06% of United Airlines worth $20,634,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in UAL. Primecap Management Co. CA acquired a new position in United Airlines during the 2nd quarter worth approximately $2,238,617,000. State Street Corp increased its position in shares of United Airlines by 1.4% in the 2nd quarter. State Street Corp now owns 11,788,111 shares of the transportation company’s stock valued at $1,603,065,000 after purchasing an additional 162,283 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of United Airlines by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,664,538 shares of the transportation company’s stock valued at $521,330,000 after purchasing an additional 190,017 shares in the last quarter. Amundi raised its holdings in shares of United Airlines by 57.4% in the 2nd quarter. Amundi now owns 1,916,864 shares of the transportation company’s stock valued at $260,674,000 after purchasing an additional 699,334 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of United Airlines in the 2nd quarter valued at $178,571,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on UAL shares. Zacks Research cut shares of United Airlines from a “hold” rating to a “strong sell” rating in a research report on Monday, September 28th. TD Cowen dropped their target price on United Airlines from $192.00 to $167.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Barclays dropped their target price on United Airlines from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Friday, September 11th. Evercore restated an “outperform” rating and issued a $160.00 price target on shares of United Airlines in a research note on Wednesday, October 21st. Finally, Argus decreased their price target on United Airlines from $140.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, October 22nd. Sixteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.19.

Insider Buying and Selling at United Airlines

In related news, EVP Andrew P. Nocella sold 5,000 shares of United Airlines stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $117.00, for a total transaction of $585,000.00. Following the sale, the executive vice president directly owned 214,955 shares in the company, valued at $25,149,735. This trade represents a 2.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Brett Hart sold 39,000 shares of the business’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $102.68, for a total transaction of $4,004,520.00. Following the completion of the sale, the president directly owned 325,122 shares of the company’s stock, valued at approximately $33,383,526.96. This trade represents a 10.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.86% of the company’s stock.

United Airlines Stock Performance

Shares of UAL opened at $110.49 on Friday. The company has a market capitalization of $35.90 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 1.48 and a beta of 1.38. United Airlines Holdings Inc has a 52-week low of $84.64 and a 52-week high of $138.77. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. The stock has a 50 day moving average price of $107.32 and a 200 day moving average price of $108.21.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, October 20th. The transportation company reported $2.54 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.03). The company had revenue of $17.88 billion for the quarter, compared to analyst estimates of $17.89 billion. United Airlines had a return on equity of 17.59% and a net margin of 5.46%. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.78 EPS. Research analysts predict that United Airlines Holdings Inc will post 7.10 EPS for the current fiscal year.

About United Airlines

United Airlines Holdings, Inc is the parent company of United Airlines, a major U.S. commercial airline headquartered in Chicago, Illinois. The company provides scheduled passenger air transportation and air cargo services, connecting customers across the United States and to international destinations.

United operates a broad network serving North America, Latin America, Europe, Asia, Africa and Oceania. Its operations are supported by hubs in major U.S. cities, including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC, as well as an extensive network of regional carriers operating under the United Express brand.

The company offers several travel classes and related services, including premium-cabin seating, onboard amenities, airport lounges and the MileagePlus customer loyalty program.