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

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 5,309 shares of the business’s stock in a transaction dated 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 directly owned 12,897,878 shares of the company’s stock, valued at $104,085,875.46. This represents a 0.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 stock was sold at an average price of $8.52, for a total value of $10,667.04.

Wheels Up Experience Trading Up 3.1%

UP traded up $0.24 on Wednesday, hitting $7.77. 73,288 shares of the stock traded hands, compared to its average volume of 201,968. Wheels Up Experience Inc. has a 52 week low of $4.69 and a 52 week high of $70.00. The firm has a market capitalization of $281.35 million, a PE ratio of -0.98 and a beta of 2.06. The business has a fifty day moving average price of $7.68 and a two-hundred day moving average price of $11.23.

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

Hedge Funds Weigh In On Wheels Up Experience

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Private Wealth Services LLC bought a new position in Wheels Up Experience during the third quarter worth about $25,000. Millennium Management LLC grew its holdings in 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 purchasing an additional 14,332 shares during the period. Clearstead Advisors LLC bought a new position in Wheels Up Experience during the third quarter worth about $37,000. Rooted Wealth Advisors Inc. grew its holdings in Wheels Up Experience by 80.2% during the fourth quarter. Rooted Wealth Advisors Inc. now owns 45,041 shares of the company’s stock worth $30,000 after purchasing an additional 20,041 shares during the period. Finally, Creative Planning bought a new position in Wheels Up Experience during the second quarter worth about $25,000. Institutional investors own 98.20% of the company’s stock.

Analysts Set New Price Targets

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

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.