Wheels Up Experience (NYSE:UP) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Wheels Up Experience in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Wheels Up Experience Stock Down 4.2%

NYSE UP opened at $5.22 on Friday. The stock’s 50-day simple moving average is $7.16 and its two-hundred day simple moving average is $9.12. Wheels Up Experience has a twelve month low of $4.69 and a twelve month high of $70.00. The company has a market capitalization of $189.12 million, a price-to-earnings ratio of -0.62 and a beta of 2.09.

Wheels Up Experience (NYSE:UP) last posted 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.

Insider Buying and Selling at Wheels Up Experience

In other Wheels Up Experience news, CEO George N. Mattson purchased 10,029 shares of the business’s stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of $5.13 per share, for a total transaction of $51,448.77. Following the completion of the transaction, the chief executive officer directly owned 26,316 shares in the company, valued at approximately $135,001.08. This represents a 61.58% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Ck Wheels Llc sold 27,524 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $8.05, for a total value of $221,568.20. Following the transaction, the insider directly owned 12,870,354 shares in the company, valued at $103,606,349.70. This trade represents a 0.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders acquired 27,791 shares of company stock valued at $146,206 and sold 43,027 shares valued at $335,159. Insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Wheels Up Experience

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hudson Bay Capital Management LP bought a new stake in Wheels Up Experience in the second quarter valued at approximately $25,000. Creative Planning bought a new position in shares of Wheels Up Experience in the second quarter worth approximately $25,000. Kestra Private Wealth Services LLC purchased a new position in shares of Wheels Up Experience in the third quarter worth $25,000. Beck Mack & Oliver LLC purchased a new position in shares of Wheels Up Experience in the second quarter worth $27,000. Finally, Rooted Wealth Advisors Inc. raised its holdings in Wheels Up Experience by 80.2% during the 4th 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 last quarter. 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.