Ck Wheels Llc Sells 9,363 Shares of Wheels Up Experience (NYSE:UP) Stock

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 9,363 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $4.61, for a total transaction of $43,163.43. Following the transaction, the insider owned 12,860,891 shares in the company, valued at approximately $59,288,707.51. This represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, June 18th, Ck Wheels Llc sold 27,524 shares of Wheels Up Experience stock. The shares were sold at an average price of $8.05, for a total transaction of $221,568.20.
• On Tuesday, June 23rd, Ck Wheels Llc sold 100 shares of Wheels Up Experience stock. The stock was 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 value of $42,843.63.
• On Tuesday, June 16th, Ck Wheels Llc sold 4,021 shares of Wheels Up Experience stock. The shares were sold at an average price of $8.15, for a total value 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 value of $10,667.04.

Wheels Up Experience Stock Performance

Shares of Wheels Up Experience stock opened at $4.29 on Thursday. The company has a market capitalization of $155.79 million, a PE ratio of -0.51 and a beta of 2.09. The company has a 50-day simple moving average of $6.21 and a two-hundred day simple moving average of $8.06. Wheels Up Experience Inc. has a one year low of $4.19 and a one year high of $54.20.

Wheels Up Experience (NYSE:UP) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($2.97) earnings per share for the quarter. The firm had revenue of $182.00 million for the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on UP shares. Wall Street Zen lowered shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a report on Sunday, August 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wheels Up Experience in a research report on Thursday, August 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Wheels Up Experience presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Wheels Up Experience

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC purchased a new stake in Wheels Up Experience in the third quarter valued at approximately $25,000. Millennium Management LLC lifted its stake in Wheels Up Experience by 1.1% during the 4th quarter. Millennium Management LLC now owns 1,309,584 shares of the company’s stock valued at $859,000 after acquiring an additional 14,332 shares during the period. Rooted Wealth Advisors Inc. boosted its holdings in shares of Wheels Up Experience by 80.2% in the 4th quarter. Rooted Wealth Advisors Inc. now owns 45,041 shares of the company’s stock valued at $30,000 after acquiring an additional 20,041 shares during the last quarter. Creative Planning acquired a new stake in shares of Wheels Up Experience in the second quarter worth $25,000. Finally, Hudson Bay Capital Management LP purchased a new position in shares of Wheels Up Experience during the second quarter worth $25,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.

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.