Wheels Up Experience (NYSE:UP) Major Shareholder Ck Wheels Llc Sells 5,309 Shares of Stock

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 5,309 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $8.07, for a total value of $42,843.63. Following the transaction, the insider owned 12,897,878 shares in the company, valued at $104,085,875.46. This trade represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• 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 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 Trading Up 3.1%

Shares of NYSE UP opened at $7.77 on Thursday. The stock has a market cap of $281.36 million, a P/E ratio of -0.98 and a beta of 2.06. Wheels Up Experience Inc. has a 12-month low of $4.69 and a 12-month 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 announced 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 during the quarter.

Hedge Funds Weigh In On Wheels Up Experience

Several hedge funds have recently made changes to their positions in UP. Knighthead Capital Management LLC purchased a new position in shares of Wheels Up Experience during the first quarter worth about $133,344,000. Kore Advisors LP grew its holdings in shares of Wheels Up Experience by 0.6% during the first quarter. Kore Advisors LP now owns 15,194,884 shares of the company’s stock worth $7,848,000 after buying an additional 94,176 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Wheels Up Experience by 9.8% during the third quarter. Vanguard Group Inc. now owns 3,614,924 shares of the company’s stock worth $6,651,000 after buying an additional 323,945 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Wheels Up Experience by 1.1% during the fourth quarter. Millennium Management LLC now owns 1,309,584 shares of the company’s stock worth $859,000 after buying an additional 14,332 shares during the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of Wheels Up Experience by 35.9% during the first quarter. Inspire Investing LLC now owns 1,061,623 shares of the company’s stock worth $548,000 after buying an additional 280,705 shares during the last quarter. Hedge funds and other institutional investors own 98.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports 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 reiterated a “sell (e+)” rating on shares of Wheels Up Experience in a research note on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.