Ck Wheels Llc Sells 27,524 Shares of Wheels Up Experience (NYSE:UP) Stock

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 27,524 shares of the company’s 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 approximately $103,606,349.70. The trade was a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Ck Wheels Llc also recently made the following trade(s):

• On Tuesday, June 23rd, Ck Wheels Llc sold 100 shares of Wheels Up Experience stock. The stock was sold at an average price of $7.00, for a total value of $700.00.
• On Wednesday, June 17th, Ck Wheels Llc sold 5,309 shares of Wheels Up Experience stock. The stock was sold at an average price of $8.07, for a total value of $42,843.63.
• On Tuesday, June 16th, Ck Wheels Llc sold 4,021 shares of Wheels Up Experience stock. The stock was sold at an average price of $8.15, for a total value of $32,771.15.
• On Monday, June 15th, Ck Wheels Llc sold 1,252 shares of Wheels Up Experience stock. The shares were sold at an average price of $8.52, for a total value of $10,667.04.

Wheels Up Experience Stock Down 0.6%

Shares of NYSE UP opened at $6.95 on Thursday. Wheels Up Experience Inc. has a fifty-two week low of $4.69 and a fifty-two week high of $70.00. The business has a 50 day moving average price of $7.35 and a two-hundred day moving average price of $10.96. The firm has a market cap of $251.65 million, a PE ratio of -0.88 and a beta of 2.06.

Wheels Up Experience (NYSE:UP) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($2.29) earnings per share (EPS) for the quarter. The business had revenue of $168.92 million during the quarter.

Institutional Trading of Wheels Up Experience

Institutional investors and hedge funds have recently modified their holdings of the business. Kestra Private Wealth Services LLC acquired a new position in shares of Wheels Up Experience in the 3rd quarter valued at about $25,000. Clearstead Advisors LLC acquired a new stake in Wheels Up Experience during the third quarter worth about $37,000. Creative Planning acquired a new stake in Wheels Up Experience during the second quarter worth about $25,000. Hudson Bay Capital Management LP bought a new position in Wheels Up Experience in the second quarter worth about $25,000. Finally, Beck Mack & Oliver LLC acquired a new position in Wheels Up Experience in the second quarter valued at approximately $27,000. 98.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UP has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of Wheels Up Experience in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

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.