Wheels Up Experience (NYSE:UP) Major Shareholder Ck Wheels Llc Sells 4,021 Shares of Stock

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 4,021 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $8.15, for a total value of $32,771.15. Following the completion of the transaction, the insider directly owned 12,903,187 shares in the company, valued at approximately $105,160,974.05. This represents a 0.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, June 17th, Ck Wheels Llc sold 5,309 shares of Wheels Up Experience stock. The shares were sold at an average price of $8.07, for a total value of $42,843.63.
• 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 Up 3.1%

UP opened at $7.77 on Thursday. The stock has a market cap of $281.36 million, a PE ratio of -0.98 and a beta of 2.06. Wheels Up Experience Inc. has a 52 week low of $4.69 and a 52 week high of $70.00. The business’s fifty day simple moving average is $7.63 and its 200 day simple moving average is $11.17.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Wheels Up Experience

Institutional investors have recently added to or reduced their stakes in the business. Creative Planning purchased a new stake in Wheels Up Experience during the second quarter valued at about $25,000. Kestra Private Wealth Services LLC purchased a new stake in Wheels Up Experience during the third quarter valued at about $25,000. Cetera Investment Advisers boosted its position in Wheels Up Experience by 34.1% during the first quarter. Cetera Investment Advisers now owns 179,603 shares of the company’s stock valued at $93,000 after buying an additional 45,661 shares during the period. WNY Asset Management LLC purchased a new stake in Wheels Up Experience during the first quarter valued at about $39,000. Finally, Knighthead Capital Management LLC purchased a new stake in shares of Wheels Up Experience during the first quarter worth about $133,344,000. 98.20% of the stock is currently owned by hedge funds and other 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.