David Holtz Sells 36,318 Shares of Wheels Up Experience (NYSE:UP) Stock

Key Points

• COO David Holtz sold 36,318 shares of Wheels Up Experience stock at an average price of $2.92, totaling approximately $106,048, decreasing his ownership by 3.67%.
• The company's stock performance indicates a current price of $2.32 with a substantial market cap of $1.62 billion and a 1-year price range between $0.74 and $3.50.
• Recent institutional trading has seen significant increases in holdings, with an example being HSBC Holdings PLC, which raised its stake by 97.3% during the last quarter.

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) COO David Holtz sold 36,318 shares of the firm's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $2.92, for a total value of $106,048.56. Following the transaction, the chief operating officer owned 954,254 shares in the company, valued at $2,786,421.68. The trade was a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Wheels Up Experience Stock Performance

UP traded down $0.11 during trading on Wednesday, hitting $2.32. 8,155,603 shares of the stock were exchanged, compared to its average volume of 7,110,132. The firm has a 50 day simple moving average of $1.66 and a 200 day simple moving average of $1.36. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -4.93 and a beta of 2.41. Wheels Up Experience Inc. has a 1 year low of $0.74 and a 1 year high of $3.50.

Wheels Up Experience (NYSE:UP - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.11) EPS for the quarter. The business had revenue of $189.64 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Wheels Up Experience from a "sell" rating to a "hold" rating in a report on Saturday, July 5th.

Institutional Trading of Wheels Up Experience

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its holdings in shares of Wheels Up Experience by 97.3% in the 4th quarter. Hsbc Holdings PLC now owns 21,775 shares of the company's stock valued at $35,000 after buying an additional 10,740 shares during the period. CWM LLC lifted its holdings 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 valued at $27,000 after buying an additional 10,827 shares during the period. Barclays PLC lifted its holdings in shares of Wheels Up Experience by 11.0% in the 4th quarter. Barclays PLC now owns 142,056 shares of the company's stock valued at $234,000 after buying an additional 14,117 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Wheels Up Experience by 49.6% in the 4th quarter. Wells Fargo & Company MN now owns 43,147 shares of the company's stock valued at $71,000 after buying an additional 14,299 shares during the period. Finally, Creative Planning acquired a new position in shares of Wheels Up Experience in the 2nd quarter valued at about $25,000. Institutional investors and hedge funds 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.

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