Wheels Up Experience (NYSE:UP) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen cut shares of Wheels Up Experience (NYSE:UP) from a hold rating to a sell rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Wheels Up Experience in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Wheels Up Experience Price Performance

UP stock traded up $0.15 during trading on Friday, hitting $1.41. 6,811,842 shares of the stock traded hands, compared to its average volume of 5,474,071. The stock has a market cap of $981.81 million, a price-to-earnings ratio of -2.75 and a beta of 2.30. Wheels Up Experience has a 1 year low of $0.74 and a 1 year high of $3.50. The firm’s 50 day moving average is $1.87 and its two-hundred day moving average is $1.62.

Wheels Up Experience (NYSE:UP) last issued its earnings results on Wednesday, November 5th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $185.49 million for the quarter.

Insider Buying and Selling

In other Wheels Up Experience news, insider Meaghan Danielle Wells sold 47,931 shares of Wheels Up Experience stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $1.22, for a total value of $58,475.82. Following the completion of the sale, the insider owned 526,681 shares of the company’s stock, valued at approximately $642,550.82. The trade was a 8.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David Godsman sold 75,000 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $2.83, for a total value of $212,250.00. Following the transaction, the insider directly owned 976,715 shares in the company, valued at $2,764,103.45. The trade was a 7.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 359,651 shares of company stock valued at $782,320 in the last ninety days. Corporate insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Wheels Up Experience

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Deutsche Bank AG boosted its holdings in shares of Wheels Up Experience by 69.0% in the first quarter. Deutsche Bank AG now owns 73,593 shares of the company’s stock worth $74,000 after buying an additional 30,058 shares during the last quarter. Nuveen LLC bought a new position in Wheels Up Experience in the first quarter worth approximately $148,000. AQR Capital Management LLC bought a new position in Wheels Up Experience in the first quarter worth approximately $156,000. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Wheels Up Experience by 197.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 40,534 shares of the company’s stock worth $43,000 after acquiring an additional 26,917 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Wheels Up Experience by 77.0% in the 2nd quarter. CWM LLC now owns 24,880 shares of the company’s stock worth $27,000 after purchasing an additional 10,827 shares in the last quarter. Hedge funds and other institutional investors own 98.20% of the company’s stock.

About Wheels Up Experience

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers Wheels Up Membership program that consists of two primary membership categories, such as Individual membership for individual and business fliers; and UP for Business membership consists of small and medium enterprise, and custom enterprise solutions for business fliers that tend to spend at higher levels.