Ck Wheels Llc Sells 4,021 Shares of Wheels Up Experience (NYSE:UP) Stock

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 4,021 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $8.15, for a total transaction of $32,771.15. Following the transaction, the insider directly owned 12,903,187 shares of the company’s stock, valued at $105,160,974.05. The trade was a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions 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 value of $42,843.63.
• 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

Wheels Up Experience stock opened at $7.92 on Friday. The firm has a market capitalization of $287.12 million, a P/E ratio of -1.00 and a beta of 2.06. The stock has a fifty day moving average price of $7.59 and a two-hundred day moving average price of $11.12. Wheels Up Experience Inc. has a 52-week low of $4.69 and a 52-week high of $70.00.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Wheels Up Experience

A number of hedge funds have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC bought a new stake in Wheels Up Experience during the 3rd quarter worth about $25,000. Millennium Management LLC lifted its position in shares of 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 in the last quarter. Clearstead Advisors LLC acquired a new position in shares of Wheels Up Experience during the third quarter worth approximately $37,000. Rooted Wealth Advisors Inc. grew its stake in shares of 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 last quarter. Finally, Creative Planning bought a new stake in shares of Wheels Up Experience during the second quarter valued at approximately $25,000. Institutional investors own 98.20% of the company’s stock.

About Wheels Up Experience

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.