Ck Wheels Llc Sells 1,252 Shares of Wheels Up Experience (NYSE:UP) Stock

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 1,252 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $8.52, for a total transaction of $10,667.04. Following the transaction, the insider owned 12,907,208 shares in the company, valued at approximately $109,969,412.16. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Ck Wheels Llc also recently made the following trade(s):

• On Wednesday, June 17th, Ck Wheels Llc sold 5,309 shares of Wheels Up Experience stock. The stock was sold at an average price of $8.07, for a total transaction of $42,843.63.
• On Tuesday, June 16th, Ck Wheels Llc sold 4,021 shares of Wheels Up Experience stock. The stock was sold at an average price of $8.15, for a total value of $32,771.15.

Wheels Up Experience Trading Up 2.5%

Shares of NYSE:UP opened at $7.92 on Friday. The firm has a market cap of $287.12 million, a price-to-earnings ratio of -1.00 and a beta of 2.06. Wheels Up Experience Inc. has a 1 year low of $4.69 and a 1 year high of $70.00. The business has a fifty day simple moving average of $7.59 and a 200 day simple moving average of $11.12.

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

Hedge Funds Weigh In On Wheels Up Experience

Several hedge funds have recently bought and sold shares of the business. Kestra Private Wealth Services LLC bought a new position in Wheels Up Experience during the third quarter valued at about $25,000. Clearstead Advisors LLC bought a new stake in shares of Wheels Up Experience during the 3rd quarter worth about $37,000. Creative Planning bought a new stake in shares of Wheels Up Experience during the 2nd quarter worth about $25,000. Hudson Bay Capital Management LP acquired a new position in shares of Wheels Up Experience during the 2nd quarter valued at about $25,000. Finally, Beck Mack & Oliver LLC acquired a new position in shares of Wheels Up Experience during the 2nd quarter valued at about $27,000. 98.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Wheels Up Experience in a report on Monday, June 1st. Wall Street Zen cut shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently 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.