Wheels Up Experience (NYSE:UP) Insider Meaghan Danielle Wells Sells 47,931 Shares

Wheels Up Experience Inc. (NYSE:UP) insider Meaghan Danielle Wells sold 47,931 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $1.22, for a total transaction of $58,475.82. Following the transaction, the insider directly owned 526,681 shares in the company, valued at approximately $642,550.82. The trade was a 8.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Wheels Up Experience Stock Performance

Shares of NYSE:UP opened at $1.41 on Friday. The firm has a market capitalization of $981.81 million, a P/E ratio of -2.75 and a beta of 2.30. The stock has a 50 day moving average price of $1.87 and a 200-day moving average price of $1.62. Wheels Up Experience Inc. has a 52-week low of $0.74 and a 52-week high of $3.50.

Wheels Up Experience (NYSE:UP) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $185.49 million during the quarter.

Hedge Funds Weigh In On Wheels Up Experience

Institutional investors and hedge funds have recently modified their holdings of the company. Deutsche Bank AG lifted its holdings in Wheels Up Experience by 69.0% in the first quarter. Deutsche Bank AG now owns 73,593 shares of the company’s stock valued at $74,000 after acquiring an additional 30,058 shares during the period. Nuveen LLC purchased a new position in Wheels Up Experience in the first quarter worth about $148,000. AQR Capital Management LLC purchased a new position in Wheels Up Experience in the first quarter worth about $156,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Wheels Up Experience by 197.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,534 shares of the company’s stock valued at $43,000 after purchasing an additional 26,917 shares during the period. Finally, CWM LLC increased its position in shares of Wheels Up Experience by 77.0% during the 2nd quarter. CWM LLC now owns 24,880 shares of the company’s stock valued at $27,000 after purchasing an additional 10,827 shares during the last quarter. 98.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on UP. Wall Street Zen downgraded shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Wheels Up Experience in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Wheels Up Experience Company Profile

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers Wheels Up Membership program that consists of two primary membership categories, such as Individual membership for individual and business fliers; and UP for Business membership consists of small and medium enterprise, and custom enterprise solutions for business fliers that tend to spend at higher levels.