Wheels Up Experience (NYSE:UP) Shares Gap Down - Should You Sell?

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $1.37, but opened at $1.34. Wheels Up Experience shares last traded at $1.43, with a volume of 37,741 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Wheels Up Experience from a "hold" rating to a "sell" rating in a report on Saturday, June 21st.

Wheels Up Experience Stock Performance

The company has a market cap of $883.97 million, a price-to-earnings ratio of -2.58 and a beta of 2.38. The stock's fifty day moving average is $1.34 and its two-hundred day moving average is $1.35.

Wheels Up Experience (NYSE:UP - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $177.53 million for the quarter.

Institutional Investors Weigh In On Wheels Up Experience

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in Wheels Up Experience by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,978,652 shares of the company's stock valued at $3,266,000 after purchasing an additional 13,372 shares during the period. Northern Trust Corp raised its position in shares of Wheels Up Experience by 10.7% during the 4th quarter. Northern Trust Corp now owns 840,804 shares of the company's stock valued at $1,387,000 after buying an additional 81,293 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Wheels Up Experience during the 4th quarter valued at $1,264,000. Corient Private Wealth LLC purchased a new position in Wheels Up Experience in the 4th quarter worth $339,000. Finally, AQR Capital Management LLC purchased a new position in Wheels Up Experience in the 1st quarter worth $156,000. Institutional investors and hedge funds 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.