Insider Selling: Wheels Up Experience (NYSE:UP) Major Shareholder Sells $42,843.63 in Stock

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 5,309 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $8.07, for a total value of $42,843.63. Following the completion of the sale, the insider directly owned 12,897,878 shares of the company’s stock, valued at approximately $104,085,875.46. This trade represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Ck Wheels Llc also recently made the following trade(s):

• On Tuesday, June 16th, Ck Wheels Llc sold 4,021 shares of Wheels Up Experience stock. The shares were sold at an average price of $8.15, for a total transaction of $32,771.15.
• On Monday, June 15th, Ck Wheels Llc sold 1,252 shares of Wheels Up Experience stock. The stock was sold at an average price of $8.52, for a total transaction of $10,667.04.

Wheels Up Experience Stock Up 1.1%

Shares of NYSE UP opened at $7.92 on Friday. The company’s fifty day moving average is $7.55 and its 200-day moving average is $11.10. The stock has a market cap of $287.12 million, a price-to-earnings ratio of -1.00 and a beta of 2.06. Wheels Up Experience Inc. has a twelve month low of $4.69 and a twelve month high of $70.00.

Wheels Up Experience (NYSE:UP) last posted its earnings results on Tuesday, May 12th. The company reported ($2.29) earnings per share (EPS) for the quarter. The business had revenue of $168.92 million during the quarter.

Hedge Funds Weigh In On Wheels Up Experience

A number of large investors have recently bought and sold shares of the company. Kestra Private Wealth Services LLC acquired a new stake in shares of Wheels Up Experience in the third quarter valued at approximately $25,000. Millennium Management LLC boosted its holdings in 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 purchasing an additional 14,332 shares during the last quarter. Clearstead Advisors LLC acquired a new position in Wheels Up Experience during the third quarter worth $37,000. Rooted Wealth Advisors Inc. grew its position in Wheels Up Experience by 80.2% in the fourth quarter. Rooted Wealth Advisors Inc. now owns 45,041 shares of the company’s stock valued at $30,000 after purchasing an additional 20,041 shares in the last quarter. Finally, Creative Planning bought a new position in Wheels Up Experience in the second quarter valued at $25,000. Institutional investors and hedge funds own 98.20% of the company’s stock.

Analysts Set New Price Targets

UP has been the subject of several research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Wheels Up Experience in a research report on Monday, June 1st. Wall Street Zen cut shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wheels Up Experience presently has an average rating of “Sell”.

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.