Wheels Up Experience (NYSE:UP) Raised to Hold at Wall Street Zen

Wheels Up Experience (NYSE:UP) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Wheels Up Experience Stock Performance

Shares of UP stock opened at $0.53 on Friday. Wheels Up Experience has a fifty-two week low of $0.49 and a fifty-two week high of $3.50. The stock’s fifty day moving average is $0.69 and its two-hundred day moving average is $1.17. The firm has a market capitalization of $382.51 million, a P/E ratio of -1.26 and a beta of 2.34.

Hedge Funds Weigh In On Wheels Up Experience

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new stake in shares of Wheels Up Experience in the 1st quarter worth $156,000. Creative Planning acquired a new position in shares of Wheels Up Experience during the 2nd quarter valued at about $25,000. Cetera Investment Advisers acquired a new position in shares of Wheels Up Experience during the 2nd quarter valued at about $78,000. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Wheels Up Experience in the second quarter valued at about $54,000. Finally, XTX Topco Ltd purchased a new stake in shares of Wheels Up Experience in the second quarter valued at about $141,000. Institutional investors and hedge funds own 98.20% of the company’s stock.

Wheels Up Experience Company Profile

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.