Wheels Up Experience (NYSE:UP) Stock Price Up 11.9% – Time to Buy?

Wheels Up Experience Inc. (NYSE:UP) rose 11.9% on Wednesday . The stock traded as high as $0.75 and last traded at $0.7390. Approximately 1,715,941 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 3,193,412 shares. The stock had previously closed at $0.6603.

Analyst Upgrades and Downgrades

UP has been the topic of several analyst reports. Wall Street Zen lowered 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 report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Wheels Up Experience Trading Up 11.6%

The stock’s 50-day moving average price is $1.56 and its 200-day moving average price is $1.62. The stock has a market cap of $531.90 million, a price-to-earnings ratio of -1.45 and a beta of 2.30.

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

Insider Buying and Selling at Wheels Up Experience

In other news, insider Mark Briffa sold 86,813 shares of Wheels Up Experience stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $1.23, for a total transaction of $106,779.99. Following the completion of the transaction, the insider directly owned 866,670 shares in the company, valued at $1,066,004.10. This trade represents a 9.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO David L. Holtz sold 36,318 shares of the business’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $2.92, for a total transaction of $106,048.56. Following the sale, the chief operating officer directly owned 954,254 shares of the company’s stock, valued at approximately $2,786,421.68. The trade was a 3.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 186,746 shares of company stock valued at $310,004. Corporate insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of UP. Deutsche Bank AG grew its position in Wheels Up Experience by 69.0% during the first quarter. Deutsche Bank AG now owns 73,593 shares of the company’s stock worth $74,000 after buying an additional 30,058 shares in the last quarter. Nuveen LLC purchased a new stake in Wheels Up Experience in the first quarter worth about $148,000. AQR Capital Management LLC bought a new stake in shares of Wheels Up Experience during the 1st quarter valued at $156,000. Vanguard Personalized Indexing Management LLC increased its stake in shares of Wheels Up Experience by 197.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 40,534 shares of the company’s stock valued at $43,000 after purchasing an additional 26,917 shares in the last quarter. Finally, CWM LLC lifted 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 purchasing an additional 10,827 shares during the last quarter. 98.20% of the stock is currently owned by hedge funds and other institutional investors.

About Wheels Up Experience

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.