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

ING Groep NV trimmed its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 83.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,106 shares of the transportation company’s stock after selling 37,138 shares during the quarter. ING Groep NV’s holdings in United Airlines were worth $405,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Susquehanna increased their target price on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. Bank of America lifted their target price on United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Sanford C. Bernstein increased their price target on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. TD Cowen boosted their price objective on shares of United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $119.00 target price on shares of United Airlines in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, United Airlines currently has an average rating of “Moderate Buy” and a consensus target price of $86.61.

United Airlines Trading Up 0.0 %

Shares of NASDAQ:UAL opened at $91.17 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $93.33. The stock has a market cap of $29.98 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 1.08 and a beta of 1.39. The business has a 50-day moving average price of $66.95 and a 200-day moving average price of $54.50.

United Airlines (NASDAQ:UAL) last posted its quarterly 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 company 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 period last year, the firm posted $3.65 EPS. Equities analysts predict that United Airlines Holdings, Inc. will post 10.23 EPS for the current year.

United Airlines declared that its board has authorized a share repurchase program on Tuesday, October 15th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

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 sale, the executive vice president now directly owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. This represents a 32.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kate Gebo sold 17,500 shares of United Airlines 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 transaction, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at $3,218,565.28. The trade was a 30.43 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.

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.