United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. lessened its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 55.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,439 shares of the transportation company's stock after selling 69,763 shares during the quarter. Meeder Asset Management Inc.'s holdings in United Airlines were worth $3,220,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital International Investors increased its position in shares of United Airlines by 2.4% during the 1st quarter. Capital International Investors now owns 18,502,761 shares of the transportation company's stock worth $885,912,000 after purchasing an additional 429,501 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of United Airlines by 29.1% during the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company's stock valued at $272,559,000 after acquiring an additional 1,263,604 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of United Airlines by 489.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company's stock valued at $111,687,000 after acquiring an additional 1,905,664 shares during the period. Interval Partners LP acquired a new position in shares of United Airlines in the 1st quarter worth approximately $103,354,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of United Airlines by 177.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,324,398 shares of the transportation company's stock worth $75,570,000 after purchasing an additional 847,348 shares during the period. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Stock Performance

UAL stock traded up $3.88 during trading on Tuesday, hitting $94.26. The company had a trading volume of 6,878,860 shares, compared to its average volume of 8,457,622. The firm has a 50-day moving average price of $68.70 and a 200-day moving average price of $55.07. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The firm has a market cap of $31.00 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 1.08 and a beta of 1.39. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $95.19.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.23. The business had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same quarter in the previous year, the firm earned $3.65 earnings per share. On average, analysts expect that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

United Airlines declared that its Board of Directors has authorized a share buyback program on Tuesday, October 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

Insider Transactions at United Airlines

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

Analyst Ratings Changes

A number of research analysts have commented on UAL shares. Bank of America upped their price target on United Airlines from $70.00 to $84.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Morgan Stanley increased their price target on United Airlines from $80.00 to $88.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Jefferies Financial Group boosted their price objective on United Airlines from $75.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. TD Cowen raised their target price on shares of United Airlines from $100.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Barclays boosted their price target on shares of United Airlines from $75.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $88.28.

United Airlines Company Profile

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.