Insider Buying: Wheels Up Experience (NYSE:UP) CEO Purchases $51,448.77 in Stock

Wheels Up Experience Inc. (NYSE:UPGet Free Report) CEO George Mattson acquired 10,029 shares of Wheels Up Experience stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $5.13 per share, for a total transaction of $51,448.77. Following the purchase, the chief executive officer directly owned 26,316 shares of the company’s stock, valued at approximately $135,001.08. This trade represents a 61.58% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Wheels Up Experience Stock Performance

Shares of NYSE UP opened at $5.03 on Monday. The firm has a market cap of $182.24 million, a P/E ratio of -0.64 and a beta of 1.86. Wheels Up Experience Inc. has a 1 year low of $4.69 and a 1 year high of $70.00. The firm’s 50 day moving average price is $8.73 and its 200 day moving average price is $13.50.

Wheels Up Experience (NYSE:UPGet Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported ($2.29) earnings per share for the quarter. The business had revenue of $168.92 million during the quarter.

Institutional Trading of Wheels Up Experience

Several institutional investors have recently made changes to their positions in UP. AQR Capital Management LLC purchased a new stake in shares of Wheels Up Experience during the 1st quarter valued at $156,000. Creative Planning purchased a new position in shares of Wheels Up Experience in the 2nd quarter worth $25,000. Cetera Investment Advisers purchased a new position in shares of Wheels Up Experience in the 2nd quarter worth $78,000. XTX Topco Ltd acquired a new position in Wheels Up Experience in the second quarter valued at $141,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Wheels Up Experience in the second quarter valued at $73,000. 98.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UP has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, January 21st. Wall Street Zen cut Wheels Up Experience from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Wheels Up Experience currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on UP

About Wheels Up Experience

(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.

Further Reading

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

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