Wheels Up Experience (NYSE:UP) Stock Rating Lowered by Wall Street Zen

Wheels Up Experience (NYSE:UP) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Wheels Up Experience in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Wheels Up Experience Trading Down 2.2%

Shares of UP opened at $4.92 on Friday. The company’s fifty day simple moving average is $6.87 and its 200 day simple moving average is $8.75. Wheels Up Experience has a 1-year low of $4.69 and a 1-year high of $70.00. The company has a market cap of $178.50 million, a price-to-earnings ratio of -0.58 and a beta of 2.09.

Insider Activity

In other news, major shareholder Ck Wheels Llc sold 27,524 shares of Wheels Up Experience stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $8.05, for a total transaction of $221,568.20. Following the completion of the transaction, the insider directly owned 12,870,354 shares in the company, valued at approximately $103,606,349.70. The trade was a 0.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 43,581 shares of company stock valued at $339,754 over the last ninety days. Company insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Knighthead Capital Management LLC acquired a new stake in Wheels Up Experience during the 1st quarter valued at $133,344,000. Kore Advisors LP boosted its position in Wheels Up Experience by 0.6% during the first quarter. Kore Advisors LP now owns 15,194,884 shares of the company’s stock worth $7,848,000 after purchasing an additional 94,176 shares during the period. Vanguard Group Inc. increased its holdings in shares of Wheels Up Experience by 9.8% in the third quarter. Vanguard Group Inc. now owns 3,614,924 shares of the company’s stock valued at $6,651,000 after purchasing an additional 323,945 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Wheels Up Experience by 1.1% in the fourth quarter. Millennium Management LLC now owns 1,309,584 shares of the company’s stock valued at $859,000 after purchasing an additional 14,332 shares during the last quarter. Finally, Inspire Investing LLC raised its position in shares of Wheels Up Experience by 35.9% in the first quarter. Inspire Investing LLC now owns 1,061,623 shares of the company’s stock valued at $548,000 after purchasing an additional 280,705 shares during the period. 98.20% of the stock is 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.