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

Key Points

• Wall Street Zen downgraded Wheels Up Experience from “hold” to “sell,” while Weiss Ratings reiterated a “sell (e+)” rating. MarketBeat reports an overall average rating of “Sell.”
• Wheels Up shares opened at $5.01, near their 52-week low of $4.69, with a market capitalization of approximately $181.4 million and a negative PE ratio of -0.59.
• Major shareholder CK Wheels LLC sold 27,524 shares, and insiders sold $339,754 worth of stock over the past quarter. Institutional investors and hedge funds own approximately 98.2% of the company’s shares.

Wheels Up Experience (NYSE:UP - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Wheels Up Experience in a research report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Wheels Up Experience currently has an average rating of "Sell".

Wheels Up Experience Stock Performance

Wheels Up Experience stock opened at $5.01 on Friday. The business's 50-day simple moving average is $6.91 and its two-hundred day simple moving average is $8.86. Wheels Up Experience has a fifty-two week low of $4.69 and a fifty-two week high of $70.00. The company has a market cap of $181.37 million, a PE ratio of -0.59 and a beta of 2.09.

Insiders Place Their Bets

In other Wheels Up Experience news, major shareholder Ck Wheels Llc sold 27,524 shares of the company's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $8.05, for a total value of $221,568.20. Following the completion of the sale, the insider directly owned 12,870,354 shares in the company, valued at $103,606,349.70. This represents a 0.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 43,581 shares of company stock worth $339,754 over the last quarter. Insiders own 0.33% of the company's stock.

Institutional Investors Weigh In On Wheels Up Experience

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Knighthead Capital Management LLC purchased a new position in Wheels Up Experience in the first quarter worth approximately $133,344,000. Kore Advisors LP raised its position in Wheels Up Experience by 0.6% in the first quarter. Kore Advisors LP now owns 15,194,884 shares of the company's stock valued at $7,848,000 after purchasing an additional 94,176 shares during the period. Cetera Investment Advisers raised its position in Wheels Up Experience by 34.1% in the first quarter. Cetera Investment Advisers now owns 179,603 shares of the company's stock valued at $93,000 after purchasing an additional 45,661 shares during the period. Kestra Private Wealth Services LLC acquired a new position in shares of Wheels Up Experience in the 3rd quarter valued at $25,000. Finally, Hudson Bay Capital Management LP acquired a new position in Wheels Up Experience in the second quarter valued at about $25,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

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.

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