Wheels Up Experience (NYSE:UP) Trading 0.4% Higher - Here's Why

Key Points

• Wheels Up shares traded up 0.4% to $0.508 on Monday with volume down about 65% from the average, and the stock remains below its 50-day ($0.59) and 200-day ($0.95) moving averages.
• MarketBeat's consensus rating is a Sell, though Wall Street Zen recently upgraded the stock to a Hold while Weiss Ratings reaffirmed a sell.
• Wheels Up is a membership-driven private aviation company with a market cap of $368M, a negative P/E (-1.21), and very high institutional ownership (~98.2%) after recent buys by Vanguard, Millennium, Geode and others.

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) traded up 0.4% on Monday . The stock traded as high as $0.5375 and last traded at $0.5080. 564,670 shares were traded during trading, a decline of 65% from the average session volume of 1,629,130 shares. The stock had previously closed at $0.5059.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen raised Wheels Up Experience from a "sell" rating to a "hold" rating in a report on Saturday, March 14th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Wheels Up Experience in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Wheels Up Experience presently has a consensus rating of "Sell".

Wheels Up Experience Stock Up 0.4%

The business has a fifty day simple moving average of $0.59 and a 200 day simple moving average of $0.95. The company has a market cap of $368.03 million, a price-to-earnings ratio of -1.21 and a beta of 2.35.

Institutional Investors Weigh In On Wheels Up Experience

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Wheels Up Experience by 9.8% in the third quarter. Vanguard Group Inc. now owns 3,614,924 shares of the company's stock valued at $6,651,000 after acquiring an additional 323,945 shares during the period. Millennium Management LLC lifted its holdings in Wheels Up Experience by 1.1% in the fourth quarter. Millennium Management LLC now owns 1,309,584 shares of the company's stock valued at $859,000 after acquiring an additional 14,332 shares during the period. Geode Capital Management LLC lifted its holdings in Wheels Up Experience by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 989,640 shares of the company's stock valued at $650,000 after acquiring an additional 30,726 shares during the period. Inspire Investing LLC lifted its holdings in Wheels Up Experience by 210.6% in the fourth quarter. Inspire Investing LLC now owns 780,918 shares of the company's stock valued at $513,000 after acquiring an additional 529,534 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Wheels Up Experience in the second quarter valued at $795,000. Institutional investors and hedge funds own 98.20% of the company's stock.

About Wheels Up Experience

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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