United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 13.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 509,150 shares of the transportation company's stock after selling 75,821 shares during the period. Retirement Systems of Alabama owned about 0.15% of United Airlines worth $29,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of UAL. Global Trust Asset Management LLC acquired a new stake in shares of United Airlines during the third quarter worth $29,000. Strategic Investment Solutions Inc. IL acquired a new stake in United Airlines during the 2nd quarter worth about $30,000. Armstrong Advisory Group Inc. purchased a new stake in United Airlines during the 3rd quarter valued at about $36,000. UMB Bank n.a. increased its holdings in shares of United Airlines by 59.7% in 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. Finally, Blue Trust Inc. raised its stake in shares of United Airlines by 108.6% in the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company's stock worth $43,000 after purchasing an additional 392 shares during the last quarter. Institutional investors own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group reiterated a "buy" rating and issued a $119.00 price target on shares of United Airlines in a report on Friday, November 15th. Citigroup raised their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. UBS Group reaffirmed a "buy" rating and issued a $139.00 price target on shares of United Airlines in a report on Tuesday, November 26th. Jefferies Financial Group raised 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. Finally, Susquehanna boosted their price target on United Airlines from $70.00 to $85.00 and gave the company a "positive" rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $98.95.

Insider Activity

In other news, EVP Linda P. Jojo sold 60,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the sale, the executive vice president now directly owns 63,599 shares of the company's stock, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the 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 transaction, the executive vice president now directly owns 30,427 shares of the company's stock, valued at $2,190,744. The trade was a 32.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock worth $8,158,900 over the last ninety days. Corporate insiders own 0.63% of the company's stock.

United Airlines Price Performance

Shares of UAL traded down $0.86 during trading hours on Friday, hitting $95.11. 4,163,865 shares of the stock were exchanged, compared to its average volume of 8,201,457. The stock's 50-day moving average price is $84.18 and its two-hundred day moving average price is $60.49. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $105.09. 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 has a market cap of $31.28 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.17 and a beta of 1.44.

United Airlines (NASDAQ:UAL - Get Free Report) last released its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.10 by $0.23. The business had revenue of $14.84 billion during the quarter, compared to analyst estimates 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 prior year, the firm earned $3.65 earnings per share. Research analysts expect that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

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

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.