Y Intercept Hong Kong Ltd Makes New $198,000 Investment in Wheels Up Experience Inc. $UP

Y Intercept Hong Kong Ltd acquired a new stake in shares of Wheels Up Experience Inc. (NYSE:UP) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 184,859 shares of the company’s stock, valued at approximately $198,000.

Other large investors have also made changes to their positions in the company. Deutsche Bank AG raised its holdings in shares of 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 purchasing an additional 30,058 shares during the last quarter. Nuveen LLC acquired a new stake in Wheels Up Experience during the 1st quarter worth about $148,000. AQR Capital Management LLC acquired a new stake in Wheels Up Experience during the 1st quarter worth about $156,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of Wheels Up Experience by 197.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,534 shares of the company’s stock valued at $43,000 after buying an additional 26,917 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Wheels Up Experience by 77.0% in 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 during the period. 98.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UP. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wheels Up Experience in a report on Wednesday, October 8th. Wall Street Zen cut shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Insider Activity

In related news, COO David L. Holtz sold 36,318 shares of Wheels Up Experience stock in a transaction on Friday, August 29th. The shares were sold at an average price of $2.92, for a total value of $106,048.56. Following the sale, the chief operating officer owned 954,254 shares of the company’s stock, valued at approximately $2,786,421.68. This trade represents a 3.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Briffa sold 86,813 shares of the business’s stock in a transaction on Friday, November 7th. The stock was 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 of the company’s stock, valued at approximately $1,066,004.10. The trade was a 9.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 359,651 shares of company stock worth $782,320. Insiders own 0.15% of the company’s stock.

Wheels Up Experience Trading Up 11.5%

NYSE UP opened at $1.41 on Monday. The stock has a market capitalization of $981.81 million, a price-to-earnings ratio of -2.75 and a beta of 2.30. The stock has a 50-day moving average of $1.87 and a 200 day moving average of $1.63. Wheels Up Experience Inc. has a twelve month low of $0.74 and a twelve month high of $3.50.

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

Wheels Up Experience 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.