Wheels Up Experience (NYSE:UP) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Wheels Up Experience (NYSE:UP - Free Report) from a sell rating to a hold rating in a research note released on Saturday morning.

Wheels Up Experience Stock Performance

Wheels Up Experience stock traded up $0.02 during midday trading on Friday, reaching $1.13. 898,671 shares of the stock traded hands, compared to its average volume of 1,017,800. The company has a 50-day simple moving average of $1.37 and a two-hundred day simple moving average of $1.32. Wheels Up Experience has a 12-month low of $0.74 and a 12-month high of $4.59.

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

Institutional Investors Weigh In On Wheels Up Experience

Several institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC lifted its stake in Wheels Up Experience by 97.3% during the fourth quarter. Hsbc Holdings PLC now owns 21,775 shares of the company's stock worth $35,000 after purchasing an additional 10,740 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Wheels Up Experience by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,978,652 shares of the company's stock valued at $3,266,000 after acquiring an additional 13,372 shares during the period. Barclays PLC boosted its holdings in shares of Wheels Up Experience by 11.0% in the fourth quarter. Barclays PLC now owns 142,056 shares of the company's stock valued at $234,000 after acquiring an additional 14,117 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Wheels Up Experience by 49.6% in the fourth quarter. Wells Fargo & Company MN now owns 43,147 shares of the company's stock valued at $71,000 after acquiring an additional 14,299 shares during the period. Finally, Byrne Asset Management LLC acquired a new stake in shares of Wheels Up Experience in the first quarter valued at approximately $27,000. 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.