Wheels Up Experience (NYSE:UP) Upgraded 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 issued to investors on Saturday morning.

Wheels Up Experience Stock Down 0.4%

NYSE:UP traded down $0.01 during mid-day trading on Friday, hitting $1.12. 1,077,893 shares of the stock traded hands, compared to its average volume of 1,018,056. Wheels Up Experience has a 52 week low of $0.74 and a 52 week high of $4.59. The stock has a market capitalization of $779.15 million, a price-to-earnings ratio of -2.28 and a beta of 2.30. The firm's 50 day moving average is $1.37 and its two-hundred day moving average is $1.31.

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

Hedge Funds Weigh In On Wheels Up Experience

Several hedge funds have recently bought and sold shares of UP. Hsbc Holdings PLC raised its stake in shares of Wheels Up Experience by 97.3% during the fourth quarter. Hsbc Holdings PLC now owns 21,775 shares of the company's stock valued at $35,000 after acquiring an additional 10,740 shares in the last quarter. Geode Capital Management LLC increased 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 period. Barclays PLC raised its position in 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 purchasing an additional 14,117 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Wheels Up Experience by 49.6% in the 4th quarter. Wells Fargo & Company MN now owns 43,147 shares of the company's stock worth $71,000 after buying an additional 14,299 shares during the period. Finally, Byrne Asset Management LLC purchased a new stake in shares of Wheels Up Experience in the 1st quarter worth $27,000. Institutional investors own 98.20% of the company's stock.

About Wheels Up Experience

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.