Mark Briffa Sells 3,804 Shares of Wheels Up Experience (NYSE:UP) Stock

Wheels Up Experience Inc. (NYSE:UPGet Free Report) insider Mark Briffa sold 3,804 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $4.99, for a total transaction of $18,981.96. Following the completion of the sale, the insider owned 82,003 shares of the company’s stock, valued at approximately $409,194.97. This trade represents a 4.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Wheels Up Experience Price Performance

UP stock opened at $5.03 on Friday. The company has a fifty day moving average price of $8.73 and a 200 day moving average price of $13.62. Wheels Up Experience Inc. has a 12 month low of $4.69 and a 12 month high of $70.00. 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:UPGet Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported ($2.29) EPS for the quarter. The company had revenue of $168.92 million for the quarter.

Wall Street Analyst Weigh In

Several analysts recently commented on UP shares. Weiss Ratings reiterated 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 analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Check Out Our Latest Analysis on Wheels Up Experience

Hedge Funds Weigh In On Wheels Up Experience

A number of large investors have recently bought and sold shares of the company. Knighthead Capital Management LLC purchased a new position in Wheels Up Experience during the 1st quarter worth $133,344,000. Cetera Investment Advisers raised its position in Wheels Up Experience by 34.1% during the 1st quarter. Cetera Investment Advisers now owns 179,603 shares of the company’s stock worth $93,000 after buying an additional 45,661 shares during the last quarter. Kore Advisors LP raised its position in Wheels Up Experience by 0.6% during the 1st quarter. Kore Advisors LP now owns 15,194,884 shares of the company’s stock worth $7,848,000 after buying an additional 94,176 shares during the last quarter. Inspire Investing LLC raised its position in Wheels Up Experience by 35.9% during the 1st quarter. Inspire Investing LLC now owns 1,061,623 shares of the company’s stock worth $548,000 after buying an additional 280,705 shares during the last quarter. Finally, J. Derek Lewis & Associates Inc. purchased a new position in Wheels Up Experience during the 4th quarter worth $356,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.

Wheels Up Experience Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Wheels Up Experience (NYSE:UP)

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