Wheels Up Experience (NYSE:UP) Shares Down 6.9% – What’s Next?

Wheels Up Experience Inc. (NYSE:UP) shares were down 6.9% during mid-day trading on Monday . The company traded as low as $1.01 and last traded at $1.0050. Approximately 1,140,632 shares changed hands during trading, a decline of 64% from the average daily volume of 3,155,145 shares. The stock had previously closed at $1.08.

Wall Street Analyst Weigh In

Several research analysts have commented on UP shares. Wall Street Zen downgraded shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Wheels Up Experience Price Performance

The company has a 50 day moving average of $1.74 and a two-hundred day moving average of $1.64. The company has a market capitalization of $656.03 million, a PE ratio of -1.78 and a beta of 2.30.

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

Insider Buying and Selling at Wheels Up Experience

In other Wheels Up Experience news, insider David Godsman sold 75,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $2.83, for a total value of $212,250.00. Following the sale, the insider owned 976,715 shares in the company, valued at approximately $2,764,103.45. This represents a 7.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Meaghan Danielle Wells sold 47,931 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $1.22, for a total value of $58,475.82. Following the completion of the sale, the insider directly owned 526,681 shares in the company, valued at approximately $642,550.82. This represents a 8.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 335,692 shares of company stock valued at $747,340 over the last three months. 0.15% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wheels Up Experience

A number of institutional investors have recently modified their holdings of UP. Deutsche Bank AG raised its position in shares of Wheels Up Experience by 69.0% in the 1st quarter. Deutsche Bank AG now owns 73,593 shares of the company’s stock worth $74,000 after purchasing an additional 30,058 shares during the last quarter. Nuveen LLC purchased a new position in Wheels Up Experience in the first quarter worth about $148,000. AQR Capital Management LLC purchased a new position in Wheels Up Experience in the first quarter worth about $156,000. Vanguard Personalized Indexing Management LLC lifted its stake in shares of 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 worth $43,000 after buying an additional 26,917 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Wheels Up Experience by 77.0% during the second quarter. CWM LLC now owns 24,880 shares of the company’s stock valued at $27,000 after buying an additional 10,827 shares during the last quarter. 98.20% of the stock is owned by hedge funds and other institutional investors.

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.