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

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $1.28, but opened at $1.40. Wheels Up Experience shares last traded at $1.58, with a volume of 477,968 shares changing hands.

Analysts Set New Price Targets

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

Wheels Up Experience Stock Down 1.3%

The firm has a market capitalization of $931.49 million, a P/E ratio of -2.72 and a beta of 2.38. The firm's 50-day simple moving average is $1.29 and its 200-day simple moving average is $1.38.

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

Institutional Trading of Wheels Up Experience

A number of institutional investors have recently made changes to their positions in the stock. Byrne Asset Management LLC purchased a new position in Wheels Up Experience during the 1st quarter valued at about $27,000. Hsbc Holdings PLC grew its position 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 worth $35,000 after buying an additional 10,740 shares during the last quarter. EWA LLC purchased a new position in shares of Wheels Up Experience during the first quarter valued at approximately $43,000. Wells Fargo & Company MN increased its stake in shares of Wheels Up Experience by 49.6% during the fourth 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, Deutsche Bank AG raised its holdings in shares of Wheels Up Experience by 69.0% during the first quarter. Deutsche Bank AG now owns 73,593 shares of the company's stock valued at $74,000 after acquiring an additional 30,058 shares in the last quarter. Hedge funds and other 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.