Wheels Up Experience (NYSE:UP) CAO Alexander Chatkewitz Sells 23,959 Shares

Key Points

• Alexander Chatkewitz, the Chief Accounting Officer of Wheels Up Experience, sold 23,959 shares at an average price of $1.46, reducing their position by 4.51%.
• The company's stock increased by $0.0350 to reach $1.8450, with a significant trading volume of 7,270,189 shares compared to its average volume of 1,816,094.
• Wheels Up Experience reported a loss of ($0.11) earnings per share for the last quarter, with total revenue of $189.64 million.

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) CAO Alexander Chatkewitz sold 23,959 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $1.46, for a total value of $34,980.14. Following the sale, the chief accounting officer directly owned 507,462 shares in the company, valued at $740,894.52. This trade represents a 4.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Wheels Up Experience Stock Performance

UP stock traded up $0.0350 on Tuesday, reaching $1.8450. The company had a trading volume of 7,270,189 shares, compared to its average volume of 1,816,094. Wheels Up Experience Inc. has a 1 year low of $0.7353 and a 1 year high of $2.7750. The company's fifty day moving average is $1.40 and its 200 day moving average is $1.28. The company has a market cap of $1.29 billion, a P/E ratio of -3.93 and a beta of 2.33.

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

Hedge Funds Weigh In On Wheels Up Experience

Several large investors have recently modified their holdings of the stock. Hsbc Holdings PLC lifted its position in shares of Wheels Up Experience by 97.3% during the fourth quarter. Hsbc Holdings PLC now owns 21,775 shares of the company's stock worth $35,000 after purchasing an additional 10,740 shares during the last quarter. CWM LLC lifted its position in shares of Wheels Up Experience by 77.0% during the second quarter. CWM LLC now owns 24,880 shares of the company's stock worth $27,000 after purchasing an additional 10,827 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Wheels Up Experience by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,978,652 shares of the company's stock worth $3,266,000 after purchasing an additional 13,372 shares during the last quarter. Barclays PLC lifted its position in shares of Wheels Up Experience by 11.0% during the fourth quarter. Barclays PLC now owns 142,056 shares of the company's stock worth $234,000 after purchasing an additional 14,117 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Wheels Up Experience by 49.6% in the fourth quarter. Wells Fargo & Company MN now owns 43,147 shares of the company's stock worth $71,000 after acquiring an additional 14,299 shares during the last quarter. Institutional investors own 98.20% of the company's stock.

Analysts Set New Price Targets

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

Wheels Up Experience Company Profile

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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