Wheels Up Experience (NYSE:UP) Major Shareholder Ck Wheels Llc Sells 1,252 Shares

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 1,252 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $8.52, for a total transaction of $10,667.04. Following the sale, the insider directly owned 12,907,208 shares in the company, valued at $109,969,412.16. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Ck Wheels Llc also recently made the following trade(s):

• 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 transaction 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 transaction of $32,771.15.

Wheels Up Experience Price Performance

NYSE:UP opened at $7.77 on Thursday. Wheels Up Experience Inc. has a one year low of $4.69 and a one year high of $70.00. The company’s 50-day simple moving average is $7.63 and its 200 day simple moving average is $11.17. The firm has a market capitalization of $281.36 million, a P/E ratio of -0.98 and a beta of 2.06.

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

Wall Street Analysts Forecast Growth

UP has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Wheels Up Experience in a research note on Monday, June 1st. Wall Street Zen downgraded shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. 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”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning bought a new position in Wheels Up Experience during the second quarter valued at approximately $25,000. Kestra Private Wealth Services LLC bought a new position in Wheels Up Experience during the third quarter valued at approximately $25,000. Hudson Bay Capital Management LP bought a new position in Wheels Up Experience during the second quarter valued at approximately $25,000. Beck Mack & Oliver LLC bought a new position in Wheels Up Experience during the second quarter valued at approximately $27,000. Finally, Rooted Wealth Advisors Inc. lifted its position 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 valued at $30,000 after purchasing an additional 20,041 shares during the period. Institutional investors 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.