Wheels Up Experience (NYSE:UP) Insider Meaghan Danielle Wells Sells 4,358 Shares

Wheels Up Experience Inc. (NYSE:UP) insider Meaghan Danielle Wells sold 4,358 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $5.41, for a total transaction of $23,576.78. Following the transaction, the insider directly owned 61,695 shares of the company’s stock, valued at approximately $333,769.95. This trade represents a 6.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wheels Up Experience Stock Performance

UP stock opened at $5.26 on Thursday. Wheels Up Experience Inc. has a 1 year low of $4.69 and a 1 year high of $70.00. The stock’s 50 day moving average price is $7.01 and its 200 day moving average price is $8.96. The firm has a market cap of $190.57 million, a P/E ratio of -0.62 and a beta of 2.09.

Wheels Up Experience (NYSE:UP) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($2.29) earnings per share for the quarter. The business had revenue of $168.92 million during the quarter.

Institutional Trading of Wheels Up Experience

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Knighthead Capital Management LLC purchased a new position in shares of Wheels Up Experience during the 1st quarter worth $133,344,000. Kore Advisors LP increased its stake in Wheels Up Experience by 0.6% in the first quarter. Kore Advisors LP now owns 15,194,884 shares of the company’s stock valued at $7,848,000 after purchasing an additional 94,176 shares during the last quarter. Vanguard Group Inc. lifted its position in Wheels Up Experience by 9.8% during the third quarter. Vanguard Group Inc. now owns 3,614,924 shares of the company’s stock worth $6,651,000 after buying an additional 323,945 shares during the period. Millennium Management LLC lifted its position in Wheels Up Experience by 1.1% during the fourth quarter. Millennium Management LLC now owns 1,309,584 shares of the company’s stock worth $859,000 after buying an additional 14,332 shares during the period. Finally, Inspire Investing LLC boosted its stake in Wheels Up Experience by 35.9% in the 1st quarter. Inspire Investing LLC now owns 1,061,623 shares of the company’s stock worth $548,000 after buying an additional 280,705 shares during the last quarter. 98.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on UP. Weiss Ratings reiterated a “sell (e+)” rating on shares of Wheels Up Experience in a research report on Monday, June 1st. Wall Street Zen upgraded shares of Wheels Up Experience from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus 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.