Ck Wheels Llc Sells 1,252 Shares of Wheels Up Experience (NYSE:UP) Stock

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 1,252 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $8.52, for a total transaction of $10,667.04. Following the transaction, the insider directly owned 12,907,208 shares in the company, valued at $109,969,412.16. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 transaction 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 transaction of $32,771.15.

Wheels Up Experience Price Performance

Shares of NYSE UP traded up $0.24 during midday trading on Wednesday, reaching $7.77. The company’s stock had a trading volume of 73,288 shares, compared to its average volume of 201,968. The stock has a market capitalization of $281.35 million, a P/E ratio of -0.98 and a beta of 2.06. The firm has a 50 day moving average price of $7.68 and a 200-day moving average price of $11.23. 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 issued its quarterly earnings results on Tuesday, May 12th. The company reported ($2.29) EPS for the quarter. The company had revenue of $168.92 million during the quarter.

Analysts Set New Price Targets

A number of analysts recently issued reports on UP shares. Weiss Ratings restated a “sell (e+)” rating on shares of Wheels Up Experience in a report on Monday, June 1st. Wall Street Zen downgraded Wheels Up Experience from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Wheels Up Experience currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Wheels Up Experience

Several institutional investors have recently made changes to their positions in the stock. WNY Asset Management LLC purchased a new stake in shares of Wheels Up Experience during the first quarter worth $39,000. Knighthead Capital Management LLC purchased a new position in Wheels Up Experience during the 1st quarter valued at about $133,344,000. Cetera Investment Advisers grew its holdings in Wheels Up Experience by 34.1% during the 1st quarter. Cetera Investment Advisers now owns 179,603 shares of the company’s stock valued at $93,000 after buying an additional 45,661 shares in the last quarter. Kore Advisors LP grew its holdings in Wheels Up Experience by 0.6% during the 1st quarter. Kore Advisors LP now owns 15,194,884 shares of the company’s stock valued at $7,848,000 after buying an additional 94,176 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in Wheels Up Experience by 35.9% during the 1st quarter. Inspire Investing LLC now owns 1,061,623 shares of the company’s stock valued at $548,000 after buying an additional 280,705 shares in the last quarter. 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.