Wheels Up Experience (NYSE:UP) Shares Up 12.3% – Still a Buy?

Wheels Up Experience Inc. (NYSE:UP) was up 12.3% during mid-day trading on Friday . The company traded as high as $1.38 and last traded at $1.4150. Approximately 3,250,442 shares were traded during trading, an increase of 4% from the average daily volume of 3,140,035 shares. The stock had previously closed at $1.26.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Wheels Up Experience in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Wheels Up Experience Stock Up 11.5%

The stock’s fifty day simple moving average is $1.90 and its two-hundred day simple moving average is $1.61. The firm has a market cap of $981.81 million, a PE ratio of -2.75 and a beta of 2.30.

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

Insider Activity

In related news, Director Donald Lee Moak sold 43,166 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $3.11, for a total transaction of $134,246.26. Following the sale, the director directly owned 180,431 shares of the company’s stock, valued at $561,140.41. This trade represents a 19.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Alexander Chatkewitz sold 23,959 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $1.46, for a total transaction of $34,980.14. Following the transaction, the chief accounting officer directly owned 507,462 shares of the company’s stock, valued at $740,894.52. The trade was a 4.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 224,907 shares of company stock valued at $617,064. Corporate insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Wheels Up Experience

A number of institutional investors and hedge funds have recently bought and sold shares of UP. Hudson Bay Capital Management LP purchased a new position in Wheels Up Experience during the second quarter valued at $25,000. Creative Planning bought a new position in shares of Wheels Up Experience during the 2nd quarter valued at about $25,000. CWM LLC grew its holdings in Wheels Up Experience by 77.0% during the 2nd quarter. CWM LLC now owns 24,880 shares of the company’s stock valued at $27,000 after buying an additional 10,827 shares in the last quarter. Beck Mack & Oliver LLC bought a new position in shares of Wheels Up Experience during the 2nd quarter valued at approximately $27,000. Finally, Unconventional Investor LLC purchased a new position in shares of Wheels Up Experience in the third quarter valued at $31,000. 98.20% of the stock is owned by 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.