Key Points
- Ck Wheels LLC sold 9,363 Wheels Up Experience shares at an average price of $4.61, generating $43,163.43. The sale reduced its ownership by 0.07%, leaving it with 12.86 million shares valued at about $59.3 million.
- Wheels Up shares opened at $4.33 and remain near their 52-week low of $4.19, well below their 50-day and 200-day moving averages. The company reported a quarterly loss of $2.97 per share on revenue of $182 million.
- Analyst sentiment is negative: Wall Street Zen downgraded the stock to “sell,” Weiss Ratings reiterated a “sell (e+)” rating, and MarketBeat reports a consensus “Sell” rating.
Wheels Up Experience Inc. (NYSE:UP - Get Free Report) major shareholder Ck Wheels Llc sold 9,363 shares of Wheels Up Experience stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $4.61, for a total transaction of $43,163.43. Following the transaction, the insider directly owned 12,860,891 shares in the company, valued at $59,288,707.51. This trade represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Ck Wheels Llc also recently made the following trade(s):
- On Thursday, June 18th, Ck Wheels Llc sold 27,524 shares of Wheels Up Experience stock. The shares were sold at an average price of $8.05, for a total transaction of $221,568.20.
- On Tuesday, June 23rd, Ck Wheels Llc sold 100 shares of Wheels Up Experience stock. The shares were sold at an average price of $7.00, for a total transaction of $700.00.
- On Wednesday, June 17th, Ck Wheels Llc sold 5,309 shares of Wheels Up Experience stock. The stock was sold at an average price of $8.07, for a total value of $42,843.63.
- 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 Price Performance
Shares of UP stock opened at $4.33 on Wednesday. The company has a 50-day moving average of $6.27 and a two-hundred day moving average of $8.12. The firm has a market cap of $157.09 million, a PE ratio of -0.51 and a beta of 2.09. Wheels Up Experience Inc. has a 1-year low of $4.19 and a 1-year high of $57.00.
Wheels Up Experience (NYSE:UP - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($2.97) EPS for the quarter. The firm had revenue of $182.00 million for the quarter.
Analyst Upgrades and Downgrades
UP has been the topic of several recent research reports. Wall Street Zen downgraded shares of Wheels Up Experience from a "hold" rating to a "sell" rating in a research note on Sunday, August 16th. Weiss Ratings restated a "sell (e+)" rating on shares of Wheels Up Experience in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of "Sell".
Check Out Our Latest Analysis on Wheels Up Experience
Institutional Investors Weigh In On Wheels Up Experience
Several hedge funds and other institutional investors have recently made changes to their positions in UP. Hudson Bay Capital Management LP acquired a new stake in Wheels Up Experience during the second quarter worth approximately $25,000. Creative Planning acquired a new stake in Wheels Up Experience during the 2nd quarter worth $25,000. Kestra Private Wealth Services LLC purchased a new stake in Wheels Up Experience in the third quarter valued at $25,000. Beck Mack & Oliver LLC acquired a new position in Wheels Up Experience in the second quarter valued at $27,000. Finally, Rooted Wealth Advisors Inc. boosted its stake in Wheels Up Experience by 80.2% in the fourth quarter. Rooted Wealth Advisors Inc. now owns 45,041 shares of the company's stock valued at $30,000 after acquiring an additional 20,041 shares in the last quarter. Institutional investors and hedge funds own 98.20% of the company's stock.
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.
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