Point72 DIFC Ltd Reduces Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Point72 DIFC Ltd cut its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 84.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,470 shares of the transportation company's stock after selling 130,021 shares during the quarter. Point72 DIFC Ltd's holdings in United Airlines were worth $1,396,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Global Trust Asset Management LLC acquired a new stake in United Airlines in the third quarter valued at about $29,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of United Airlines during the second quarter valued at about $30,000. UMB Bank n.a. boosted its stake 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 in the last quarter. Armstrong Advisory Group Inc. acquired a new stake in shares of United Airlines during the third quarter valued at about $36,000. Finally, Quest Partners LLC boosted its stake in shares of United Airlines by 3,504.8% during the second quarter. Quest Partners LLC now owns 757 shares of the transportation company's stock valued at $37,000 after purchasing an additional 736 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UAL has been the topic of a number of recent research reports. Bank of America lifted 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. Morgan Stanley lifted their price target on United Airlines from $80.00 to $88.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. UBS Group restated a "buy" rating and set a $139.00 price objective on shares of United Airlines in a research report on Tuesday, November 26th. TD Cowen raised their price objective on United Airlines from $100.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Finally, Susquehanna raised their price objective on United Airlines from $70.00 to $85.00 and gave the stock a "positive" rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $96.15.

United Airlines Trading Up 3.2 %

UAL stock traded up $3.19 during mid-day trading on Thursday, reaching $102.44. The company's stock had a trading volume of 7,563,467 shares, compared to its average volume of 8,296,087. The company has a market cap of $33.69 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 1.13 and a beta of 1.44. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $105.09. The business's 50 day moving average price is $79.36 and its 200 day moving average price is $58.64. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95.

United Airlines (NASDAQ:UAL - Get Free Report) last released 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. The firm had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same quarter in the previous year, the company posted $3.65 earnings per share. On average, equities research analysts predict 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 stock buyback plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In related news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the transaction, the executive vice president now owns 63,599 shares of the company's stock, valued at $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines 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 transaction, the executive vice president now directly 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. Insiders sold a total of 92,000 shares of company stock worth $8,158,900 over the last quarter. 0.63% of the stock is currently owned by corporate insiders.

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.