Insider Selling: Wheels Up Experience (NYSE:UP) Major Shareholder Sells $43,163.43 in Stock

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 9,363 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $4.61, for a total value of $43,163.43. Following the completion of the transaction, the insider directly owned 12,860,891 shares in the company, valued at approximately $59,288,707.51. This represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, June 18th, Ck Wheels Llc sold 27,524 shares of Wheels Up Experience stock. The stock was sold at an average price of $8.05, for a total value of $221,568.20.
• On Tuesday, June 23rd, Ck Wheels Llc sold 100 shares of Wheels Up Experience stock. The shares were sold at an average price of $7.00, for a total transaction of $700.00.
• On Wednesday, June 17th, Ck Wheels Llc sold 5,309 shares of Wheels Up Experience stock. The shares were 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 transaction of $32,771.15.
• On Monday, June 15th, Ck Wheels Llc sold 1,252 shares of Wheels Up Experience stock. The stock was sold at an average price of $8.52, for a total transaction of $10,667.04.

Wheels Up Experience Stock Up 3.7%

NYSE UP opened at $4.48 on Friday. The company has a market capitalization of $162.53 million, a P/E ratio of -0.53 and a beta of 2.09. Wheels Up Experience Inc. has a 12-month low of $4.19 and a 12-month high of $54.20. The firm has a 50-day moving average price of $6.16 and a two-hundred day moving average price of $8.00.

Wheels Up Experience (NYSE:UP) last announced its earnings results on Tuesday, August 4th. The company reported ($2.97) earnings per share (EPS) for the quarter. The business had revenue of $182.00 million for the quarter.

Hedge Funds Weigh In On Wheels Up Experience

Hedge funds and other institutional investors have recently made changes to their positions in the company. WNY Asset Management LLC acquired a new stake in shares of Wheels Up Experience during the 1st quarter worth approximately $39,000. Knighthead Capital Management LLC bought a new stake in Wheels Up Experience during the first quarter worth $133,344,000. Cetera Investment Advisers lifted its stake in Wheels Up Experience by 34.1% during the first quarter. Cetera Investment Advisers now owns 179,603 shares of the company’s stock worth $93,000 after purchasing an additional 45,661 shares during the last quarter. Kore Advisors LP boosted its holdings in shares of Wheels Up Experience by 0.6% in the 1st 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 in the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of Wheels Up Experience by 35.9% in the 1st quarter. Inspire Investing LLC now owns 1,061,623 shares of the company’s stock valued at $548,000 after purchasing an additional 280,705 shares in the last quarter. 98.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wall Street Zen lowered Wheels Up Experience from a “hold” rating to a “sell” rating in a research note on Sunday, August 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Wheels Up Experience in a research report on Thursday, August 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

About Wheels Up Experience

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.