Wall Street Zen Upgrades Wheels Up Experience (NYSE:UP) to "Hold"

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

Wheels Up Experience Price Performance

NYSE:UP traded up $0.26 on Friday, reaching $1.36. The stock had a trading volume of 2,553,194 shares, compared to its average volume of 1,013,352. Wheels Up Experience has a 12-month low of $0.74 and a 12-month high of $4.18. The company has a market cap of $946.86 million, a price-to-earnings ratio of -2.77 and a beta of 2.30. The firm's fifty day moving average is $1.38 and its two-hundred day moving average is $1.32.

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

Institutional Investors Weigh In On Wheels Up Experience

A number of hedge funds and other institutional investors have recently made changes to their positions in UP. Corient Private Wealth LLC acquired a new stake in shares of Wheels Up Experience in the fourth quarter worth approximately $339,000. CIBC Private Wealth Group LLC raised its stake in Wheels Up Experience by 48,303.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 75,025 shares of the company's stock worth $119,000 after purchasing an additional 74,870 shares during the period. Geode Capital Management LLC boosted its holdings in shares of 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 last quarter. Wells Fargo & Company MN grew its stake in shares of Wheels Up Experience by 49.6% during the 4th 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, Barclays PLC grew its stake in shares of Wheels Up Experience by 11.0% during the 4th quarter. Barclays PLC now owns 142,056 shares of the company's stock valued at $234,000 after buying an additional 14,117 shares during the period. 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.