Shares of Wheels Up Experience Inc. (NYSE:UP - Get Free Report) rose 4.9% on Tuesday . The stock traded as high as $1.98 and last traded at $1.90. Approximately 2,970,960 shares were traded during mid-day trading, an increase of 166% from the average daily volume of 1,115,615 shares. The stock had previously closed at $1.81.
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.
Check Out Our Latest Stock Analysis on Wheels Up Experience
Wheels Up Experience Stock Up 1.0%
The company's 50-day simple moving average is $1.42 and its 200 day simple moving average is $1.29. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of -4.37 and a beta of 2.33.
Wheels Up Experience (NYSE:UP - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $189.64 million during the quarter.
Insider Buying and Selling at Wheels Up Experience
In other news, CAO Alexander Chatkewitz sold 23,959 shares of Wheels Up Experience stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $1.46, for a total transaction of $34,980.14. Following the sale, the chief accounting officer owned 507,462 shares of the company's stock, valued at approximately $740,894.52. This trade represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.15% of the company's stock.
Institutional Trading of Wheels Up Experience
A number of hedge funds and other institutional investors have recently modified their holdings of UP. Geode Capital Management LLC raised its holdings in Wheels Up Experience by 0.7% during the 4th 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. Northern Trust Corp grew 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 worth $1,387,000 after buying an additional 81,293 shares during the period. First Trust Advisors LP acquired a new stake in shares of Wheels Up Experience during the 4th quarter worth approximately $1,264,000. Jane Street Group LLC bought a new stake in shares of Wheels Up Experience during the second quarter worth approximately $795,000. Finally, Marshall Wace LLP acquired a new position in Wheels Up Experience in the second quarter valued at approximately $222,000. Institutional investors and hedge funds own 98.20% of the company's stock.
About Wheels Up Experience
(
Get Free Report)
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.
Further Reading
Before you consider Wheels Up Experience, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wheels Up Experience wasn't on the list.
While Wheels Up Experience currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access