Wheels Up Experience (NYSE:UP) Stock Price Up 3.9% – Still a Buy?

Wheels Up Experience Inc. (NYSE:UP) was up 3.9% on Tuesday . The company traded as high as $0.9616 and last traded at $0.9660. Approximately 853,480 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 3,167,802 shares. The stock had previously closed at $0.9301.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on UP shares. Wall Street Zen cut Wheels Up Experience from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wheels Up Experience in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Wheels Up Experience Price Performance

The firm’s 50 day moving average is $1.72 and its 200 day moving average is $1.64. The company has a market capitalization of $739.75 million, a PE ratio of -2.01 and a beta of 2.30.

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

Insider Activity at Wheels Up Experience

In other news, insider Mark Briffa sold 86,813 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $1.23, for a total value of $106,779.99. Following the sale, the insider directly owned 866,670 shares of the company’s stock, valued at $1,066,004.10. The trade was a 9.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Meaghan Danielle Wells sold 47,931 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $1.22, for a total value of $58,475.82. Following the completion of the sale, the insider directly owned 526,681 shares in the company, valued at $642,550.82. This trade represents a 8.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 335,692 shares of company stock worth $747,340 over the last 90 days. 0.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wheels Up Experience

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Wheels Up Experience by 9.8% during the 3rd quarter. Vanguard Group Inc. now owns 3,614,924 shares of the company’s stock valued at $6,651,000 after purchasing an additional 323,945 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Wheels Up Experience during the 2nd quarter worth $795,000. Militia Capital Partners LP bought a new stake in shares of Wheels Up Experience during the 3rd quarter valued at $644,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Wheels Up Experience by 350.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 305,419 shares of the company’s stock worth $562,000 after purchasing an additional 237,639 shares in the last quarter. Finally, Inspire Investing LLC bought a new position in Wheels Up Experience in the 3rd quarter worth $463,000. 98.20% of the stock is currently owned by hedge funds and other institutional investors.

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.