Wheels Up Experience (NYSE:UP) Stock Price Up 5.5% – Here’s Why

Wheels Up Experience Inc. (NYSE:UP) shares rose 5.5% during mid-day trading on Tuesday . The stock traded as high as $0.7116 and last traded at $0.7070. Approximately 1,687,051 shares were traded during trading, a decline of 48% from the average daily volume of 3,221,331 shares. The stock had previously closed at $0.67.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Wheels Up Experience Price Performance

The stock has a 50 day simple moving average of $1.10 and a two-hundred day simple moving average of $1.52. The company has a market cap of $448.18 million, a price-to-earnings ratio of -1.22 and a beta of 2.33.

Wheels Up Experience (NYSE:UP) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $185.49 million during the quarter.

Insider Buying and Selling

In other news, insider Meaghan Danielle Wells sold 47,931 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $1.22, for a total value of $58,475.82. Following the transaction, the insider directly owned 526,681 shares in the company, valued at approximately $642,550.82. This represents a 8.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark Briffa sold 86,813 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $1.23, for a total transaction of $106,779.99. Following the transaction, the insider directly owned 866,670 shares of the company’s stock, valued at $1,066,004.10. The trade was a 9.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Wheels Up Experience

Several institutional investors have recently modified their holdings of UP. Deutsche Bank AG raised its stake in shares of Wheels Up Experience by 69.0% in the first quarter. Deutsche Bank AG now owns 73,593 shares of the company’s stock valued at $74,000 after acquiring an additional 30,058 shares in the last quarter. Nuveen LLC acquired a new position in shares of Wheels Up Experience during the first quarter worth about $148,000. AQR Capital Management LLC purchased a new stake in shares of Wheels Up Experience during the first quarter worth approximately $156,000. Vanguard Personalized Indexing Management LLC raised its holdings in Wheels Up Experience by 197.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 40,534 shares of the company’s stock valued at $43,000 after acquiring an additional 26,917 shares in the last quarter. Finally, CWM LLC lifted its stake in Wheels Up Experience by 77.0% in the second quarter. CWM LLC now owns 24,880 shares of the company’s stock worth $27,000 after acquiring an additional 10,827 shares during the last quarter. Institutional investors and hedge funds 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.