United Airlines Holdings Inc (NASDAQ:UAL) Shares Sold by Mizuho Securities USA LLC

Mizuho Securities USA LLC cut its position in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 15.5% during the 1st quarter, Holdings Channel reports. The firm owned 26,333 shares of the transportation company’s stock after selling 4,837 shares during the period. Mizuho Securities USA LLC’s holdings in United Airlines were worth $1,818,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Wahed Invest LLC boosted its stake in shares of United Airlines by 5.4% during the 4th quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company’s stock worth $204,000 after acquiring an additional 108 shares in the last quarter. Wedbush Securities Inc. boosted its stake in shares of United Airlines by 3.3% during the 1st quarter. Wedbush Securities Inc. now owns 4,651 shares of the transportation company’s stock worth $321,000 after acquiring an additional 147 shares in the last quarter. Forum Financial Management LP boosted its stake in shares of United Airlines by 2.7% during the 4th quarter. Forum Financial Management LP now owns 5,723 shares of the transportation company’s stock worth $556,000 after acquiring an additional 148 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of United Airlines by 2.0% during the 1st quarter. Principal Securities Inc. now owns 7,758 shares of the transportation company’s stock worth $536,000 after acquiring an additional 149 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of United Airlines by 15.6% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,110 shares of the transportation company’s stock worth $77,000 after acquiring an additional 150 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

Insider Buying and Selling at United Airlines

In other United Airlines news, Director Michelle Freyre sold 900 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.13, for a total transaction of $82,917.00. Following the transaction, the director directly owned 829 shares in the company, valued at $76,375.77. This trade represents a 52.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Brett J. Hart sold 24,772 shares of the firm’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $89.50, for a total value of $2,217,094.00. Following the transaction, the president owned 283,638 shares in the company, valued at approximately $25,385,601. This trade represents a 8.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 45,672 shares of company stock worth $4,144,411 over the last three months. Corporate insiders own 0.63% of the company’s stock.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $89.33 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. United Airlines Holdings Inc has a 1 year low of $40.13 and a 1 year high of $116.00. The business has a fifty day simple moving average of $83.87 and a 200 day simple moving average of $82.14. The firm has a market cap of $28.92 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of 1.16 and a beta of 1.48.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.81 by $0.06. United Airlines had a return on equity of 30.09% and a net margin of 5.71%. The business had revenue of $15.24 billion during the quarter, compared to analyst estimates of $15.31 billion. During the same period last year, the company earned $4.14 earnings per share. United Airlines’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UAL. Cantor Fitzgerald set a $88.00 price objective on United Airlines in a research note on Tuesday, April 22nd. TD Cowen raised their target price on United Airlines from $101.00 to $127.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Bank of America raised their target price on United Airlines from $90.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of United Airlines in a research report on Tuesday, May 13th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $105.00 target price on shares of United Airlines in a research report on Thursday, July 17th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Airlines currently has a consensus rating of “Buy” and a consensus price target of $111.43.

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.