United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Rakuten Securities Inc.

Rakuten Securities Inc. decreased its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 92.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 849 shares of the transportation company's stock after selling 10,551 shares during the quarter. Rakuten Securities Inc.'s holdings in United Airlines were worth $48,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Sei Investments Co. boosted its position in shares of United Airlines by 8.0% during the 1st quarter. Sei Investments Co. now owns 144,150 shares of the transportation company's stock valued at $6,902,000 after acquiring an additional 10,720 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of United Airlines by 1.3% in the 1st quarter. Russell Investments Group Ltd. now owns 258,032 shares of the transportation company's stock worth $12,354,000 after buying an additional 3,313 shares in the last quarter. US Bancorp DE increased its holdings in shares of United Airlines by 16.8% in the 1st quarter. US Bancorp DE now owns 11,425 shares of the transportation company's stock worth $547,000 after buying an additional 1,641 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of United Airlines by 13.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 356,412 shares of the transportation company's stock valued at $15,771,000 after buying an additional 42,898 shares in the last quarter. Finally, Element Capital Management LLC bought a new position in shares of United Airlines in the 1st quarter valued at about $5,397,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on UAL shares. Barclays boosted their target price on United Airlines from $66.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Jefferies Financial Group raised their target price on shares of United Airlines from $75.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Sanford C. Bernstein upped their price target on shares of United Airlines from $68.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. Susquehanna boosted their target price on United Airlines from $70.00 to $85.00 and gave the company a "positive" rating in a research report on Thursday, October 17th. Finally, TD Cowen boosted their price objective on United Airlines from $80.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, United Airlines has an average rating of "Moderate Buy" and an average target price of $78.94.

Insider Activity at United Airlines

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the firm's stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 40,012 shares of the company's stock, valued at approximately $3,218,565.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the completion of the transaction, the executive vice president now directly owns 30,427 shares in the company, valued at approximately $2,190,744. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kate Gebo sold 17,500 shares of the firm'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 transaction of $1,407,700.00. Following the sale, the executive vice president now directly owns 40,012 shares in the company, valued at $3,218,565.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.

United Airlines Stock Up 0.7 %

Shares of United Airlines stock traded up $0.65 during trading on Wednesday, reaching $89.78. The company's stock had a trading volume of 8,039,851 shares, compared to its average volume of 8,514,291. The company has a 50-day simple moving average of $64.21 and a two-hundred day simple moving average of $53.68. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $92.28. The company has a market cap of $29.53 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 1.06 and a beta of 1.39. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95.

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

United Airlines announced that its board has approved a share buyback 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 purchase up to 7.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

United Airlines 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.