ING Groep NV Decreases Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

ING Groep NV lowered its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 83.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,106 shares of the transportation company’s stock after selling 37,138 shares during the period. ING Groep NV’s holdings in United Airlines were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Huntington National Bank increased its stake in United Airlines by 10.8% during the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock worth $75,000 after buying an additional 129 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of United Airlines by 13.0% in the third quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock worth $94,000 after acquiring an additional 189 shares during the last quarter. Wahed Invest LLC increased its position in shares of United Airlines by 13.7% during the first quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock worth $76,000 after purchasing an additional 192 shares in the last quarter. Cromwell Holdings LLC raised its stake in United Airlines by 31.4% in the 3rd quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 222 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in United Airlines by 26.6% in the 2nd quarter. Mather Group LLC. now owns 1,174 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 247 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Insider Activity at United Airlines

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction 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 of the company’s stock, valued at $2,190,744. The trade was a 32.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. This trade represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by corporate insiders.

United Airlines Trading Up 0.0 %

UAL opened at $91.17 on Monday. The business’s 50-day simple moving average is $66.95 and its 200-day simple moving average is $54.50. The company has a market cap of $29.98 billion, a P/E ratio of 11.00, a PEG ratio of 1.08 and a beta of 1.39. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $93.33. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results 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 company had revenue of $14.84 billion for 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 period in the prior year, the firm posted $3.65 earnings per share. As a group, equities research analysts expect that United Airlines Holdings, Inc. will post 10.23 EPS for the current fiscal year.

United Airlines declared that its board has approved a share repurchase plan on Tuesday, October 15th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have recently commented on UAL. TD Cowen increased their target price on shares of United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 target price on shares of United Airlines in a research note on Friday. Susquehanna upped their price target on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. Morgan Stanley lifted their price objective on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, Barclays upped their target price on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, United Airlines currently has a consensus rating of “Moderate Buy” and an average price target of $86.61.

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.