Wheels Up Experience (NYSE:UP) Major Shareholder Ck Wheels Llc Sells 9,363 Shares

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 9,363 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $4.61, for a total transaction of $43,163.43. Following the completion of the transaction, the insider owned 12,860,891 shares of the company’s stock, valued at approximately $59,288,707.51. This represents a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 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.
• 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 value of $10,667.04.

Wheels Up Experience Stock Down 2.0%

Shares of Wheels Up Experience stock opened at $4.33 on Wednesday. The firm has a market cap of $157.09 million, a PE ratio of -0.51 and a beta of 2.09. The business has a 50-day moving average price of $6.27 and a 200 day moving average price of $8.12. Wheels Up Experience Inc. has a twelve month low of $4.19 and a twelve month high of $57.00.

Wheels Up Experience (NYSE:UP) last posted 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 during the quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on UP shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wheels Up Experience in a research note on Thursday, August 27th. Wall Street Zen downgraded Wheels Up Experience from a “hold” rating to a “sell” rating in a research report on Sunday, August 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wheels Up Experience presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UP. Kestra Private Wealth Services LLC purchased a new stake in shares of Wheels Up Experience in the third quarter valued at approximately $25,000. Millennium Management LLC lifted its position in 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 buying an additional 14,332 shares in the last quarter. Rooted Wealth Advisors Inc. boosted its stake 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 worth $30,000 after buying an additional 20,041 shares during the last quarter. Creative Planning acquired a new position in Wheels Up Experience during the second quarter worth $25,000. Finally, Hudson Bay Capital Management LP purchased a new stake in Wheels Up Experience in the 2nd quarter valued at $25,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

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.