Key Points
- CEO George Mattson bought 10,029 shares of Wheels Up Experience at an average price of $5.13 each, spending about $51,449. The purchase increased his direct ownership by 61.58% to 26,316 shares.
- Wheels Up stock was trading near its lows, opening at $5.03 with a 52-week range of $4.69 to $70.00. The company has a market cap of about $182.22 million and a negative earnings profile.
- The company recently reported EPS of -$2.29 on revenue of $168.92 million for the quarter, while analysts currently have a consensus rating of “Sell” on the stock.
Wheels Up Experience Inc. (NYSE:UP - Get Free Report) insider Mark Briffa sold 3,804 shares of Wheels Up Experience stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $4.99, for a total transaction of $18,981.96. Following the completion of the sale, the insider owned 82,003 shares of the company's stock, valued at $409,194.97. This trade represents a 4.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Wheels Up Experience Stock Performance
Wheels Up Experience stock opened at $5.03 on Friday. Wheels Up Experience Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $70.00. The firm has a 50 day moving average price of $8.73 and a 200 day moving average price of $13.62. The company has a market capitalization of $182.22 million, a PE ratio of -0.64 and a beta of 1.86.
Wheels Up Experience (NYSE:UP - Get Free Report) last posted its earnings results on Monday, May 11th. The company reported ($2.29) earnings per share for the quarter. The company had revenue of $168.92 million for the quarter.
Institutional Trading of Wheels Up Experience
Several hedge funds have recently made changes to their positions in the business. Knighthead Capital Management LLC acquired a new position in Wheels Up Experience during the 1st quarter worth $133,344,000. Kore Advisors LP grew its stake in Wheels Up Experience by 0.6% during the 1st quarter. Kore Advisors LP now owns 15,194,884 shares of the company's stock worth $7,848,000 after purchasing an additional 94,176 shares in the last quarter. Vanguard Group Inc. grew its stake in Wheels Up Experience by 9.8% during the 3rd quarter. Vanguard Group Inc. now owns 3,614,924 shares of the company's stock worth $6,651,000 after purchasing an additional 323,945 shares in the last quarter. Millennium Management LLC grew its stake in Wheels Up Experience by 1.1% during the 4th 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 in the last quarter. Finally, Inspire Investing LLC grew its stake in Wheels Up Experience by 35.9% during the 1st quarter. Inspire Investing LLC now owns 1,061,623 shares of the company's stock worth $548,000 after purchasing an additional 280,705 shares in the last quarter. Institutional investors and hedge funds own 98.20% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on UP. Weiss Ratings reissued a "sell (d-)" rating on shares of Wheels Up Experience in a research report on Wednesday, January 21st. Wall Street Zen cut shares of Wheels Up Experience from a "hold" rating to a "sell" rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Sell".
Read Our Latest Stock Analysis on UP
About Wheels Up Experience
(
Get Free Report)
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.
Further Reading
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