Wheels Up Experience (NYSE:UP) Insider Mark Briffa Sells 3,804 Shares

Wheels Up Experience Inc. (NYSE:UP) insider Mark Briffa sold 3,804 shares of Wheels Up Experience stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $4.99, for a total value of $18,981.96. Following the completion of the sale, the insider owned 82,003 shares in the company, valued at approximately $409,194.97. This represents a 4.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Wheels Up Experience Stock Performance

Shares of NYSE UP traded down $0.55 during mid-day trading on Friday, hitting $5.03. 158,107 shares of the stock traded hands, compared to its average volume of 238,319. Wheels Up Experience Inc. has a 52 week low of $4.69 and a 52 week high of $70.00. The company has a market cap of $182.22 million, a price-to-earnings ratio of -0.64 and a beta of 1.86. The stock has a fifty day moving average price of $8.73 and a 200-day moving average price of $13.62.

Wheels Up Experience (NYSE:UP) last released its quarterly earnings results on Monday, May 11th. The company reported ($2.29) earnings per share for the quarter. The company had revenue of $168.92 million during the quarter.

Institutional Investors Weigh In On Wheels Up Experience

Several hedge funds have recently added to or reduced their stakes in UP. AQR Capital Management LLC bought a new stake in Wheels Up Experience in the first quarter worth $156,000. Creative Planning bought a new stake in Wheels Up Experience in the second quarter worth $25,000. Cetera Investment Advisers bought a new stake in Wheels Up Experience in the second quarter worth $78,000. XTX Topco Ltd bought a new stake in Wheels Up Experience in the second quarter worth $141,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Wheels Up Experience in the second quarter worth $73,000. 98.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded Wheels Up Experience from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Wheels Up Experience Company Profile

Wheels Up Experience Inc is a membership-driven private aviation company that provides on-demand charter flights and flight card services to corporate clients and high-net-worth individuals. The company operates a combination of owned and managed aircraft, including turboprops and light to midsize jets, and supplements its fleet through a network of partner operators. Its digital platform allows members to book flights, manage itineraries and access empty-leg opportunities with real-time pricing and availability.

Through tiered membership programs, Wheels Up offers flexible access to private air travel without the long-term commitments typically associated with fractional ownership.