United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Virtu Financial LLC

Virtu Financial LLC reduced its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 86.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,166 shares of the transportation company's stock after selling 32,663 shares during the quarter. Virtu Financial LLC's holdings in United Airlines were worth $295,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in UAL. Global Trust Asset Management LLC acquired a new position in shares of United Airlines during the third quarter worth $29,000. Strategic Investment Solutions Inc. IL purchased a new position in United Airlines during the 2nd quarter worth $30,000. UMB Bank n.a. increased its position in United Airlines by 59.7% during the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company's stock valued at $33,000 after buying an additional 255 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new stake in United Airlines in the third quarter valued at about $36,000. Finally, Quest Partners LLC boosted its holdings in United Airlines by 3,504.8% in the second quarter. Quest Partners LLC now owns 757 shares of the transportation company's stock worth $37,000 after acquiring an additional 736 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of the firm's 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 completion of the transaction, the executive vice president now directly owns 63,599 shares in the company, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock valued at $8,158,900 over the last quarter. 0.63% of the stock is currently owned by insiders.

Analyst Ratings Changes

UAL has been the subject of a number of research reports. TD Cowen lifted their price target on United Airlines from $100.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $119.00 target price on shares of United Airlines in a report on Friday, November 15th. Jefferies Financial Group increased their price target 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. Bank of America raised their price target on shares of United Airlines from $70.00 to $84.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Finally, Dbs Bank raised shares of United Airlines from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $98.95.

United Airlines Price Performance

UAL stock traded down $0.49 during mid-day trading on Tuesday, reaching $94.99. 3,434,910 shares of the company's stock were exchanged, compared to its average volume of 8,163,658. The company has a market cap of $31.24 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 1.12 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 stock's 50 day moving average is $85.61 and its 200 day moving average is $61.23. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.10 by $0.23. The firm had revenue of $14.84 billion for the quarter, compared to analysts' expectations 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 last year, the company earned $3.65 EPS. On average, research analysts expect that United Airlines Holdings, Inc. will post 10.27 EPS for the current year.

United Airlines announced that its Board of Directors has initiated a share buyback plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to buy up to 7.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is 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.