Wheels Up Experience (NYSE:UP) Cut to "Sell" at Wall Street Zen

Wheels Up Experience (NYSE:UP - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Wheels Up Experience Stock Performance

Shares of UP traded up $0.10 on Friday, reaching $1.38. The stock had a trading volume of 2,785,464 shares, compared to its average volume of 1,074,704. Wheels Up Experience has a 12-month low of $0.74 and a 12-month high of $4.59. The firm has a market capitalization of $960.84 million, a price-to-earnings ratio of -2.81 and a beta of 2.38. The company has a 50-day simple moving average of $1.29 and a 200-day simple moving average of $1.38.

Wheels Up Experience (NYSE:UP - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.11) EPS for the quarter. The business had revenue of $177.53 million during the quarter.

Hedge Funds Weigh In On Wheels Up Experience

Institutional investors and hedge funds have recently made changes to their positions in the business. Corient Private Wealth LLC bought a new stake in shares of Wheels Up Experience in the 4th quarter worth approximately $339,000. CIBC Private Wealth Group LLC boosted its holdings in Wheels Up Experience by 48,303.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 75,025 shares of the company's stock worth $119,000 after acquiring an additional 74,870 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Wheels Up Experience by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,978,652 shares of the company's stock worth $3,266,000 after acquiring an additional 13,372 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of 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. Finally, Barclays PLC increased its holdings 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 valued at $234,000 after acquiring an additional 14,117 shares in the last quarter. Institutional investors own 98.20% of the company's stock.

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.