Wheels Up Experience (NYSE:UP) Shares Up 23.5% – What’s Next?

Wheels Up Experience Inc. (NYSE:UP) shares traded up 23.5% on Tuesday . The stock traded as high as $2.72 and last traded at $2.95. 5,782,987 shares were traded during trading, an increase of 331% from the average session volume of 1,343,099 shares. The stock had previously closed at $2.39.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Wheels Up Experience from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th.

Wheels Up Experience Price Performance

The firm has a fifty day moving average of $1.46 and a 200 day moving average of $1.29. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of -6.43 and a beta of 2.33.

Wheels Up Experience (NYSE:UP) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $189.64 million for the quarter.

Insider Activity

In other news, CAO Alexander Chatkewitz sold 23,959 shares of Wheels Up Experience stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $1.46, for a total transaction of $34,980.14. Following the sale, the chief accounting officer owned 507,462 shares of the company’s stock, valued at approximately $740,894.52. The trade was a 4.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.15% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Wheels Up Experience

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP purchased a new position in shares of Wheels Up Experience during the 4th quarter worth $115,000. Wells Fargo & Company MN boosted its stake in Wheels Up Experience by 49.6% during the fourth quarter. Wells Fargo & Company MN now owns 43,147 shares of the company’s stock worth $71,000 after buying an additional 14,299 shares during the period. First Trust Advisors LP acquired a new stake in shares of Wheels Up Experience during the fourth quarter valued at about $1,264,000. BNP Paribas Financial Markets purchased a new stake in shares of Wheels Up Experience in the 4th quarter valued at approximately $199,000. Finally, Bank of America Corp DE raised its stake in shares of Wheels Up Experience by 72.5% in the 4th quarter. Bank of America Corp DE now owns 73,560 shares of the company’s stock valued at $121,000 after acquiring an additional 30,919 shares during the period. Hedge funds and other institutional investors own 98.20% of the company’s stock.

Wheels Up Experience Company Profile

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers Wheels Up Membership program that consists of two primary membership categories, such as Individual membership for individual and business fliers; and UP for Business membership consists of small and medium enterprise, and custom enterprise solutions for business fliers that tend to spend at higher levels.