ING Groep NV Sells 37,138 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

ING Groep NV decreased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 83.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,106 shares of the transportation company's stock after selling 37,138 shares during the quarter. ING Groep NV's holdings in United Airlines were worth $405,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC purchased a new position in shares of United Airlines during the 3rd quarter valued at approximately $29,000. Strategic Investment Solutions Inc. IL bought a new stake in United Airlines in the second quarter valued at $30,000. Armstrong Advisory Group Inc. bought a new stake in United Airlines in the third quarter valued at $36,000. Crewe Advisors LLC acquired a new position in shares of United Airlines during the first quarter valued at $32,000. Finally, UMB Bank n.a. increased its holdings in shares of United Airlines by 59.7% during the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company's stock valued at $33,000 after purchasing an additional 255 shares during the period. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Stock Down 0.9 %

UAL traded down $0.79 during midday trading on Monday, reaching $90.38. 3,838,677 shares of the company were exchanged, compared to its average volume of 8,464,216. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The company's fifty day moving average price is $66.95 and its 200 day moving average price is $54.50. The company has a market cap of $29.72 billion, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 1.08 and a beta of 1.39. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $93.33.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping analysts' consensus estimates of $3.10 by $0.23. The firm had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same period in the previous year, the company posted $3.65 EPS. As a group, analysts expect that United Airlines Holdings, Inc. will post 10.23 EPS for the current year.

United Airlines announced that its Board of Directors has initiated a share repurchase plan on Tuesday, October 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Kate Gebo sold 17,500 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the transaction, the executive vice president now owns 40,012 shares in the company, valued at $3,218,565.28. The trade was a 30.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the company's stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total value of $1,044,000.00. Following the completion of the transaction, the executive vice president now owns 30,427 shares in the company, valued at approximately $2,190,744. The trade was a 32.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company's stock.

Analyst Upgrades and Downgrades

UAL has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their target price on United Airlines from $75.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Bank of America boosted their price target on United Airlines from $70.00 to $84.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Barclays boosted their price objective on United Airlines from $75.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday. Susquehanna boosted their target price on United Airlines from $70.00 to $85.00 and gave the stock a "positive" rating in a research report on Thursday, October 17th. Finally, Sanford C. Bernstein boosted their target price on United Airlines from $68.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $86.61.

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.