George Mattson Acquires 10,029 Shares of Wheels Up Experience (NYSE:UP) Stock

Wheels Up Experience Inc. (NYSE:UP) CEO George Mattson bought 10,029 shares of the business’s stock in a transaction on Friday, May 15th. The shares were acquired at an average price of $5.13 per share, with a total value of $51,448.77. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wheels Up Experience Stock Down 9.8%

Shares of NYSE:UP opened at $5.03 on Friday. The firm has a market capitalization of $182.22 million, a PE ratio of -0.64 and a beta of 1.86. Wheels Up Experience Inc. has a twelve month low of $4.69 and a twelve month high of $70.00. The company has a 50-day moving average price of $8.73 and a two-hundred day moving average price of $13.62.

Wheels Up Experience (NYSE:UP) last released its quarterly earnings data on Monday, May 11th. The company reported ($2.29) EPS for the quarter. The firm had revenue of $168.92 million for the quarter.

Analyst Ratings Changes

A number of research firms recently weighed in on UP. Wall Street Zen lowered shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wheels Up Experience in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Trading of 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 Wheels Up Experience during the 3rd quarter worth approximately $25,000. Creative Planning purchased a new stake in Wheels Up Experience in the second quarter valued at approximately $25,000. Hudson Bay Capital Management LP purchased a new stake in Wheels Up Experience in the second quarter valued at approximately $25,000. Beck Mack & Oliver LLC purchased a new stake in Wheels Up Experience in the second quarter valued at approximately $27,000. Finally, Rooted Wealth Advisors Inc. raised its stake in Wheels Up Experience by 80.2% in the fourth quarter. Rooted Wealth Advisors Inc. now owns 45,041 shares of the company’s stock valued at $30,000 after purchasing an additional 20,041 shares in the last quarter. 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.