Today, 63,860 Shares of United Continental Holdings Inc. (UAL) are sold by Prudential Financial Inc.

Today, 63,860 Shares of United Continental Holdings Inc. (UAL) are sold by Prudential Financial Inc.

Prudential Financial Inc. lowered its stake in United Continental Holdings Inc. (NYSE:UAL) by 3.4% during the third quarter, Holdings Channel reports. The firm owned 1,802,039 shares of the company’s stock after selling 63,860 shares during the period. Prudential Financial Inc.’s holdings in United Continental Holdings were worth $94,553,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in United Continental Holdings by 19.6% in the second quarter. IFP Advisors Inc now owns 2,551 shares of the company’s stock valued at $105,000 after buying an additional 418 shares during the period. Point72 Asia Hong Kong Ltd purchased a new position in United Continental Holdings during the second quarter valued at $107,000. Global X Management Co. LLC boosted its position in United Continental Holdings by 134.3% in the third quarter. Global X Management Co. LLC now owns 2,631 shares of the company’s stock valued at $138,000 after buying an additional 1,508 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in United Continental Holdings by 92.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,546 shares of the company’s stock valued at $145,000 after buying an additional 1,700 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in United Continental Holdings by 302.9% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,182 shares of the company’s stock valued at $172,000 after buying an additional 3,144 shares during the period. Institutional investors and hedge funds own 91.96% of the company’s stock.

Shares of United Continental Holdings Inc. (NYSE:UAL) opened at 69.25 on Tuesday. The stock has a market cap of $21.97 billion, a PE ratio of 8.84 and a beta of 0.63. United Continental Holdings Inc. has a 52 week low of $37.41 and a 52 week high of $70.18. The stock has a 50 day moving average of $59.23 and a 200-day moving average of $50.08.

United Continental Holdings (NYSE:UAL) last posted its quarterly earnings data on Monday, October 17th. The company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.23. The company had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. United Continental Holdings had a net margin of 7.36% and a return on equity of 39.10%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $4.53 earnings per share. Equities research analysts predict that United Continental Holdings Inc. will post $7.98 earnings per share for the current fiscal year.

A number of research analysts have weighed in on UAL shares. Morgan Stanley reiterated a “buy” rating and issued a $57.00 target price on shares of United Continental Holdings in a research note on Sunday, August 21st. Standpoint Research started coverage on shares of United Continental Holdings in a research note on Thursday, August 25th. They issued a “buy” rating and a $70.00 target price on the stock. Vetr upgraded shares of United Continental Holdings from a “hold” rating to a “buy” rating and set a $49.50 target price on the stock in a research note on Tuesday, August 23rd. Stifel Nicolaus dropped their target price on shares of United Continental Holdings from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, October 24th. Finally, Credit Suisse Group AG set a $47.00 target price on shares of United Continental Holdings and gave the company a “hold” rating in a research note on Friday, October 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $64.44.

In other news, CFO Andrew C. Levy bought 15,000 shares of the firm’s stock in a transaction on Friday, September 2nd. The shares were bought at an average price of $50.96 per share, for a total transaction of $764,400.00. Following the purchase, the chief financial officer now owns 20,791 shares in the company, valued at $1,059,509.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Chris Kenny sold 3,824 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $67.39, for a total transaction of $257,699.36. Following the sale, the vice president now owns 10,179 shares in the company, valued at approximately $685,962.81. The disclosure for this sale can be found here. 0.39% of the stock is currently owned by corporate insiders.

United Continental Holdings Company Profile

United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates an average of approximately 5,000 flights a day to over 340 airports across six continents from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.

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