Wheels Up Experience (NYSE:UP) CEO George Mattson Acquires 14,983 Shares of Stock

Wheels Up Experience Inc. (NYSE:UP) CEO George Mattson acquired 14,983 shares of Wheels Up Experience stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $5.30 per share, with a total value of $79,409.90. Following the purchase, the chief executive officer directly owned 14,983 shares in the company, valued at approximately $79,409.90. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Wheels Up Experience Price Performance

Shares of NYSE:UP opened at $5.03 on Friday. The company has a market capitalization of $182.22 million, a PE ratio of -0.64 and a beta of 1.86. The business has a fifty day moving average price of $8.73 and a two-hundred day moving average price of $13.62. Wheels Up Experience Inc. has a 1 year low of $4.69 and a 1 year high of $70.00.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC bought a new position in Wheels Up Experience in the 3rd quarter worth about $25,000. Creative Planning bought a new position in Wheels Up Experience in the 2nd quarter worth about $25,000. Hudson Bay Capital Management LP bought a new position in Wheels Up Experience in the 2nd quarter worth about $25,000. Beck Mack & Oliver LLC bought a new position in Wheels Up Experience in the 2nd quarter worth about $27,000. Finally, Rooted Wealth Advisors Inc. boosted its stake in Wheels Up Experience by 80.2% in the 4th quarter. Rooted Wealth Advisors Inc. now owns 45,041 shares of the company’s stock worth $30,000 after purchasing an additional 20,041 shares during the period. Institutional investors own 98.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wall Street Zen downgraded Wheels Up Experience from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Wheels Up Experience in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average 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.