George Mattson Purchases 14,983 Shares of Wheels Up Experience (NYSE:UP) Stock

Wheels Up Experience Inc. (NYSE:UP) CEO George Mattson purchased 14,983 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average price of $5.30 per share, with a total value of $79,409.90. Following the completion of the transaction, the chief executive officer owned 14,983 shares of the company’s stock, valued at $79,409.90. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Wheels Up Experience Trading Down 9.8%

NYSE UP opened at $5.03 on Friday. Wheels Up Experience Inc. has a 1-year low of $4.69 and a 1-year high of $70.00. The company has a 50 day moving average of $8.73 and a 200-day moving average of $13.62. The company has a market cap of $182.22 million, a price-to-earnings ratio of -0.64 and a beta of 1.86.

Wheels Up Experience (NYSE:UP) last released its quarterly earnings results on Monday, May 11th. The company reported ($2.29) earnings per share for the quarter. The firm had revenue of $168.92 million for the quarter.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UP. Weiss Ratings restated a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, January 21st. Wall Street Zen downgraded shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC bought a new stake in shares of Wheels Up Experience during the third quarter worth $25,000. Millennium Management LLC grew its stake in shares of Wheels Up Experience by 1.1% during the fourth quarter. Millennium Management LLC now owns 1,309,584 shares of the company’s stock worth $859,000 after buying an additional 14,332 shares during the last quarter. Unconventional Investor LLC bought a new stake in shares of Wheels Up Experience during the third quarter worth $31,000. WealthShield Partners LLC bought a new stake in shares of Wheels Up Experience during the third quarter worth $33,000. Finally, Clearstead Advisors LLC bought a new stake in shares of Wheels Up Experience during the third quarter worth $37,000. 98.20% of the stock is currently 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.