Mark Briffa Sells 86,813 Shares of Wheels Up Experience (NYSE:UP) Stock

Wheels Up Experience Inc. (NYSE:UP) insider Mark Briffa sold 86,813 shares of Wheels Up Experience stock in a transaction on 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 sale, the insider directly owned 866,670 shares in the company, valued at $1,066,004.10. This represents a 9.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mark Briffa also recently made the following trade(s):

• On Thursday, September 11th, Mark Briffa sold 9,904 shares of Wheels Up Experience stock. The stock was sold at an average price of $2.18, for a total transaction of $21,590.72.
• On Thursday, August 28th, Mark Briffa sold 5,780 shares of Wheels Up Experience stock. The shares were sold at an average price of $2.96, for a total transaction of $17,108.80.
• On Tuesday, August 26th, Mark Briffa sold 5,780 shares of Wheels Up Experience stock. The shares were sold at an average price of $3.00, for a total transaction of $17,340.00.

Wheels Up Experience Stock Up 11.5%

UP stock opened at $1.41 on Friday. Wheels Up Experience Inc. has a 52 week low of $0.74 and a 52 week high of $3.50. The firm has a 50-day simple moving average of $1.87 and a 200-day simple moving average of $1.62. The stock has a market capitalization of $981.81 million, a P/E ratio of -2.75 and a beta of 2.30.

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

Hedge Funds Weigh In On Wheels Up Experience

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

Analysts Set New Price Targets

UP has been the topic of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, October 8th. Wall Street Zen downgraded Wheels Up Experience from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wheels Up Experience presently has an average rating of “Sell”.

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.