Insider Buying: United Airlines Holdings, Inc. (NASDAQ:UAL) Director Purchases 25,000 Shares of Stock

United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) Director Edward Shapiro purchased 25,000 shares of the stock in a transaction that occurred on Wednesday, March 15th. The stock was bought at an average price of $42.59 per share, with a total value of $1,064,750.00. Following the completion of the acquisition, the director now owns 200,000 shares in the company, valued at approximately $8,518,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

United Airlines Stock Performance

Shares of NASDAQ UAL opened at $43.04 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 4.12. The firm’s 50-day moving average price is $49.65 and its two-hundred day moving average price is $42.94. United Airlines Holdings, Inc. has a 52-week low of $31.58 and a 52-week high of $55.04. The stock has a market capitalization of $14.08 billion, a P/E ratio of 19.83 and a beta of 1.43.

United Airlines (NASDAQ:UAL – Get Rating) last issued its earnings results on Tuesday, January 17th. The transportation company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.39. The firm had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $12.23 billion. United Airlines had a net margin of 1.64% and a return on equity of 17.15%. United Airlines’s revenue was up 51.4% on a year-over-year basis. During the same quarter last year, the company posted ($1.60) earnings per share. As a group, sell-side analysts forecast that United Airlines Holdings, Inc. will post 9.08 earnings per share for the current year.

Institutional Investors Weigh In On United Airlines

A number of hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. raised its holdings in shares of United Airlines by 1,749.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 469,061 shares of the transportation company’s stock valued at $17,683,000 after buying an additional 443,704 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of United Airlines by 2.5% during the fourth quarter. Voya Investment Management LLC now owns 115,376 shares of the transportation company’s stock valued at $4,350,000 after buying an additional 2,846 shares during the last quarter. Gallagher Benefit Services Inc. bought a new stake in shares of United Airlines during the fourth quarter valued at approximately $202,000. Boulder Wealth Advisors LLC acquired a new position in shares of United Airlines during the fourth quarter valued at approximately $40,000. Finally, Truist Financial Corp increased its stake in shares of United Airlines by 275.8% during the fourth quarter. Truist Financial Corp now owns 88,056 shares of the transportation company’s stock valued at $3,320,000 after acquiring an additional 64,627 shares during the period. Institutional investors own 59.73% of the company’s stock.

Analyst Ratings Changes

UAL has been the subject of several recent analyst reports. Barclays upgraded United Airlines from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $52.00 to $80.00 in a research note on Friday, March 10th. Argus upgraded United Airlines from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Tuesday, December 6th. Morgan Stanley upgraded United Airlines from an “equal weight” rating to an “overweight” rating and set a $67.00 target price for the company in a research note on Monday, December 5th. The Goldman Sachs Group initiated coverage on United Airlines in a research note on Friday, December 16th. They set a “buy” rating and a $51.00 target price for the company. Finally, Redburn Partners upgraded United Airlines from a “sell” rating to a “neutral” rating and set a $55.00 target price for the company in a research note on Wednesday, February 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $56.31.

United Airlines Company Profile

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United Airlines Holdings, Inc is a holding company, which engages in the provision of transportation services. It operates through the following geographical segments: Domestic, Atlantic, Pacific, and Latin America. The company was founded on December 30, 1968 and is headquartered in Chicago, IL.