United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN cut its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 145,166 shares of the transportation company's stock after selling 6,082 shares during the period. OLD National Bancorp IN's holdings in United Airlines were worth $14,096,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Winch Advisory Services LLC bought a new stake in shares of United Airlines in the 4th quarter valued at about $38,000. Global Trust Asset Management LLC bought a new stake in shares of United Airlines in the 3rd quarter valued at about $29,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of United Airlines in the 2nd quarter valued at about $30,000. Armstrong Advisory Group Inc. bought a new stake in shares of United Airlines in the 3rd quarter valued at about $36,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of United Airlines by 25.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company's stock valued at $69,000 after purchasing an additional 142 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Bank of America boosted their price objective on shares of United Airlines from $70.00 to $84.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Citigroup boosted their target price on United Airlines from $98.00 to $122.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Barclays boosted their target price on United Airlines from $75.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. The Goldman Sachs Group restated a "buy" rating and set a $119.00 target price on shares of United Airlines in a research note on Friday, November 15th. Finally, Melius Research upgraded United Airlines to a "strong-buy" rating in a research note on Monday, December 2nd. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $110.20.

Insider Activity

In related news, EVP Linda P. Jojo sold 60,000 shares of the company's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the transaction, the executive vice president now owns 63,599 shares of the company's stock, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.63% of the company's stock.

United Airlines Stock Performance

United Airlines stock traded down $3.56 during trading hours on Friday, hitting $105.84. 6,131,711 shares of the stock traded hands, compared to its average volume of 6,903,784. The stock has a market capitalization of $34.81 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 0.71 and a beta of 1.44. The firm's 50 day moving average price is $100.53 and its 200-day moving average price is $72.84. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.30. The business had revenue of $14.70 billion during the quarter, compared to analysts' expectations of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 EPS. As a group, equities analysts expect that United Airlines Holdings, Inc. will post 13.09 EPS for the current fiscal year.

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

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.