Wall Street Zen lowered shares of Wheels Up Experience (NYSE:UP – Free Report) from a hold rating to a sell rating in a research note published on Sunday morning.
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Wheels Up Experience in a research report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.
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Wheels Up Experience Trading Down 0.5%
Insider Transactions at Wheels Up Experience
In related news, major shareholder Ck Wheels Llc sold 27,524 shares of Wheels Up Experience stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $8.05, for a total transaction of $221,568.20. Following the completion of the transaction, the insider directly owned 12,870,354 shares of the company’s stock, valued at $103,606,349.70. This trade represents a 0.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 43,581 shares of company stock worth $339,754. Company insiders own 0.33% of the company’s stock.
Institutional Investors Weigh In On Wheels Up Experience
A number of hedge funds and other institutional investors have recently bought and sold shares of UP. Kestra Private Wealth Services LLC bought a new stake in shares of Wheels Up Experience during the 3rd quarter valued at $25,000. Millennium Management LLC raised its holdings in Wheels Up Experience by 1.1% in the 4th quarter. Millennium Management LLC now owns 1,309,584 shares of the company’s stock worth $859,000 after purchasing an additional 14,332 shares during the period. Rooted Wealth Advisors Inc. raised its holdings in Wheels Up Experience by 80.2% in the 4th quarter. Rooted Wealth Advisors Inc. now owns 45,041 shares of the company’s stock worth $30,000 after purchasing an additional 20,041 shares during the period. Creative Planning purchased a new position in Wheels Up Experience during the second quarter valued at $25,000. Finally, Hudson Bay Capital Management LP purchased a new position in Wheels Up Experience during the second quarter valued at $25,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.
About Wheels Up Experience
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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