Wheels Up Experience (NYSE:UP) Major Shareholder Ck Wheels Llc Sells 27,524 Shares

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 27,524 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $8.05, for a total transaction of $221,568.20. Following the sale, the insider directly owned 12,870,354 shares of the company’s stock, valued at approximately $103,606,349.70. This trade represents a 0.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 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 transaction of $32,771.15.
• On Monday, June 15th, Ck Wheels Llc sold 1,252 shares of Wheels Up Experience stock. The shares were sold at an average price of $8.52, for a total transaction of $10,667.04.

Wheels Up Experience Trading Down 4.1%

Shares of NYSE UP opened at $6.99 on Wednesday. The firm’s 50-day moving average price is $7.43 and its 200-day moving average price is $11.01. Wheels Up Experience Inc. has a 1-year low of $4.69 and a 1-year high of $70.00. The firm has a market capitalization of $253.24 million, a P/E ratio of -0.89 and a beta of 2.06.

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

Institutional Investors Weigh In On Wheels Up Experience

Hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC bought a new position in Wheels Up Experience in the 1st quarter valued at about $156,000. Creative Planning bought a new stake in Wheels Up Experience during the 2nd quarter worth approximately $25,000. Cetera Investment Advisers purchased a new stake in shares of Wheels Up Experience in the second quarter worth approximately $78,000. XTX Topco Ltd purchased a new stake in shares of Wheels Up Experience in the second quarter worth approximately $141,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Wheels Up Experience in the second quarter valued at approximately $73,000. 98.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on UP. Weiss Ratings reissued a “sell (e+)” rating on shares of Wheels Up Experience in a research note on Monday, June 1st. Wall Street Zen lowered Wheels Up Experience from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average 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.