AIA Group Ltd Has $845,000 Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

AIA Group Ltd lessened its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 19.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,803 shares of the transportation company’s stock after selling 3,561 shares during the quarter. AIA Group Ltd’s holdings in United Airlines were worth $845,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of UAL. Global Trust Asset Management LLC acquired a new stake in United Airlines in the third quarter worth about $29,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of United Airlines during the 2nd quarter worth approximately $30,000. Crewe Advisors LLC acquired a new position in United Airlines in the first quarter valued at approximately $32,000. UMB Bank n.a. lifted its holdings in 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 buying an additional 255 shares during the period. Finally, Armstrong Advisory Group Inc. bought a new position in United Airlines in the third quarter valued at approximately $36,000. 69.69% of the stock is owned by institutional investors.

Insider Transactions at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president now owns 30,427 shares in the company, valued at approximately $2,190,744. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Kate Gebo sold 17,500 shares of the company’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 owns 40,012 shares in the company, valued at $3,218,565.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the 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 completion of the sale, the executive vice president now directly owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on UAL shares. Barclays upped their target price on shares of United Airlines from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Sanford C. Bernstein increased their target price on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Bank of America boosted their target price on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Susquehanna increased their price target on shares of United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. Finally, Jefferies Financial Group boosted their price objective on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, United Airlines has an average rating of “Moderate Buy” and a consensus target price of $78.94.

United Airlines Price Performance

UAL stock opened at $87.51 on Friday. The stock has a 50-day moving average price of $62.40 and a two-hundred day moving average price of $53.17. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $87.87. The stock has a market cap of $28.78 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 1.04 and a beta of 1.39. 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) last posted its quarterly earnings data 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. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The business had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. During the same period last year, the company earned $3.65 earnings per share. Equities analysts forecast that United Airlines Holdings, Inc. will post 10.18 EPS for the current fiscal year.

United Airlines announced that its Board of Directors has approved a share repurchase 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 stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors 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.