Wheels Up Experience (NYSE:UP) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Wheels Up Experience (NYSE:UP) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wheels Up Experience in a report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Wheels Up Experience Price Performance

Shares of NYSE:UP opened at $5.42 on Friday. The firm has a fifty day moving average price of $7.25 and a two-hundred day moving average price of $9.29. The company has a market cap of $196.44 million, a price-to-earnings ratio of -0.64 and a beta of 2.09. Wheels Up Experience has a one year low of $4.69 and a one year high of $70.00.

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

Insider Activity

In related news, major shareholder Ck Wheels Llc sold 27,524 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $8.05, for a total transaction of $221,568.20. Following the transaction, 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 filing with the SEC, which is accessible through this link. Also, CEO George N. Mattson bought 10,029 shares of the business’s stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of $5.13 per share, with a total value of $51,448.77. Following the purchase, the chief executive officer owned 26,316 shares of the company’s stock, valued at $135,001.08. This represents a 61.58% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 27,791 shares of company stock valued at $146,206 and have sold 43,027 shares valued at $335,159. Insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Wheels Up Experience

A number of hedge funds have recently made changes to their positions in UP. Kestra Private Wealth Services LLC purchased a new position in Wheels Up Experience in the 3rd quarter worth $25,000. Millennium Management LLC boosted its position in Wheels Up Experience by 1.1% during the fourth quarter. Millennium Management LLC now owns 1,309,584 shares of the company’s stock valued at $859,000 after buying an additional 14,332 shares during the period. Rooted Wealth Advisors Inc. boosted its position in Wheels Up Experience by 80.2% during the fourth quarter. Rooted Wealth Advisors Inc. now owns 45,041 shares of the company’s stock valued at $30,000 after buying an additional 20,041 shares during the period. Creative Planning bought a new position in shares of Wheels Up Experience during the second quarter valued at about $25,000. Finally, Hudson Bay Capital Management LP bought a new position in shares of Wheels Up Experience during the second quarter valued at about $25,000. 98.20% of the stock is currently owned by institutional investors.

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.