flyExclusive (NYSE:FLYX) Director Peter Hopper Purchases 50,000 Shares

flyExclusive, Inc. (NYSE:FLYX) Director Peter Hopper bought 50,000 shares of flyExclusive stock in a transaction on Monday, March 9th. The shares were acquired at an average cost of $2.38 per share, for a total transaction of $119,000.00. Following the completion of the acquisition, the director directly owned 100,000 shares in the company, valued at approximately $238,000. The trade was a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

flyExclusive Trading Up 7.2%

NYSE FLYX opened at $2.37 on Wednesday. The firm has a market capitalization of $223.61 million, a PE ratio of -2.32 and a beta of 0.25. The business’s 50-day moving average price is $2.66 and its two-hundred day moving average price is $3.51. flyExclusive, Inc. has a 12 month low of $1.90 and a 12 month high of $8.88.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FLYX. Geode Capital Management LLC grew its holdings in flyExclusive by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 113,564 shares of the company’s stock worth $467,000 after buying an additional 3,373 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in flyExclusive by 11.0% during the 3rd quarter. Axxcess Wealth Management LLC now owns 37,750 shares of the company’s stock valued at $186,000 after acquiring an additional 3,750 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in flyExclusive by 56,636.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,241 shares of the company’s stock worth $31,000 after acquiring an additional 6,230 shares during the last quarter. New York State Common Retirement Fund purchased a new position in flyExclusive during the 3rd quarter worth $32,000. Finally, MBL Wealth LLC grew its stake in shares of flyExclusive by 46.9% in the 3rd quarter. MBL Wealth LLC now owns 28,200 shares of the company’s stock worth $139,000 after acquiring an additional 9,000 shares in the last quarter. Hedge funds and other institutional investors own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

FLYX has been the subject of several recent analyst reports. UBS Group set a $7.00 price objective on shares of flyExclusive in a research report on Monday, January 26th. Lucid Cap Mkts raised shares of flyExclusive to a “strong-buy” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and a consensus target price of $7.00.

About flyExclusive

flyExclusive (NYSE:FLYX) is a U.S.-based private aviation company that provides on-demand charter, jet card membership, and aircraft management services. The firm operates a proprietary fleet of large-cabin and super-midsize jets, complemented by third-party managed aircraft under its Part 135 operator certificate. flyExclusive offers customized flight solutions for individual, corporate and group travel, with a focus on safety, scheduling flexibility and personalized service.

The company was launched as a standalone brand in 2018 and completed its business combination to become a publicly traded company in November 2021.