Wheels Up Experience (NYSE:UP) CEO Buys $79,409.90 in Stock

Wheels Up Experience Inc. (NYSE:UP) CEO George Mattson bought 14,983 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average cost of $5.30 per share, for a total transaction of $79,409.90. Following the completion of the transaction, the chief executive officer directly owned 14,983 shares in the company, valued at approximately $79,409.90. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Wheels Up Experience Price Performance

NYSE UP opened at $5.03 on Monday. The firm’s fifty day moving average price is $8.73 and its 200 day moving average price is $13.50. The company has a market capitalization of $182.24 million, a price-to-earnings ratio of -0.64 and a beta of 1.86. Wheels Up Experience Inc. has a 12 month low of $4.69 and a 12 month high of $70.00.

Wheels Up Experience (NYSE:UP) last posted its 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.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UP. Weiss Ratings reissued 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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wheels Up Experience currently has an average rating of “Sell”.

Institutional Trading of Wheels Up Experience

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Private Wealth Services LLC purchased a new stake in shares of Wheels Up Experience in the third quarter valued at about $25,000. Millennium Management LLC boosted its holdings in shares of Wheels Up Experience by 1.1% in the fourth quarter. Millennium Management LLC now owns 1,309,584 shares of the company’s stock valued at $859,000 after acquiring an additional 14,332 shares in the last quarter. Unconventional Investor LLC purchased a new stake in shares of Wheels Up Experience in the third quarter valued at about $31,000. WealthShield Partners LLC purchased a new stake in shares of Wheels Up Experience in the third quarter valued at about $33,000. Finally, Clearstead Advisors LLC purchased a new stake in shares of Wheels Up Experience in the third quarter valued at about $37,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.

Wheels Up Experience Company Profile

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.