Ck Wheels Llc Sells 27,524 Shares of Wheels Up Experience (NYSE:UP) Stock

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 27,524 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $8.05, for a total value of $221,568.20. Following the completion of the sale, the insider directly owned 12,870,354 shares in the company, valued at $103,606,349.70. This trade represents a 0.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% 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 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 value 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 transaction of $32,771.15.
• On Monday, June 15th, Ck Wheels Llc sold 1,252 shares of Wheels Up Experience stock. The shares were sold at an average price of $8.52, for a total transaction of $10,667.04.

Wheels Up Experience Stock Performance

NYSE UP traded down $0.30 during trading hours on Tuesday, reaching $6.99. The company’s stock had a trading volume of 49,668 shares, compared to its average volume of 199,467. The company’s 50-day moving average is $7.48 and its two-hundred day moving average is $11.04. Wheels Up Experience Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $70.00. The stock has a market cap of $253.25 million, a PE ratio of -0.89 and a beta of 2.06.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UP. AQR Capital Management LLC purchased a new stake in shares of Wheels Up Experience during the first quarter worth about $156,000. Creative Planning purchased a new position in shares of Wheels Up Experience during the second quarter valued at approximately $25,000. Cetera Investment Advisers acquired a new stake in Wheels Up Experience during the second quarter worth approximately $78,000. XTX Topco Ltd purchased a new stake in Wheels Up Experience in the 2nd quarter worth approximately $141,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Wheels Up Experience in the 2nd quarter valued at $73,000. 98.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UP has been the subject of several research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Wheels Up Experience in a research report on Monday, June 1st. Wall Street Zen cut 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, Wheels Up Experience presently 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.