Ck Wheels Llc Sells 5,309 Shares of Wheels Up Experience (NYSE:UP) Stock

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 5,309 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $8.07, for a total transaction of $42,843.63. Following the sale, the insider owned 12,897,878 shares of the company’s stock, valued at $104,085,875.46. This trade represents a 0.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Ck Wheels Llc also recently made the following trade(s):

• On Tuesday, June 16th, Ck Wheels Llc sold 4,021 shares of Wheels Up Experience stock. The shares were sold at an average price of $8.15, for a total value of $32,771.15.
• On Monday, June 15th, Ck Wheels Llc sold 1,252 shares of Wheels Up Experience stock. The shares were sold at an average price of $8.52, for a total value of $10,667.04.

Wheels Up Experience Trading Up 2.5%

Wheels Up Experience stock opened at $7.92 on Friday. The stock has a 50 day moving average of $7.59 and a two-hundred day moving average of $11.12. Wheels Up Experience Inc. has a twelve month low of $4.69 and a twelve month high of $70.00. The stock has a market capitalization of $287.12 million, a price-to-earnings ratio of -1.00 and a beta of 2.06.

Wheels Up Experience (NYSE:UP) last released its earnings results on Tuesday, May 12th. The company reported ($2.29) earnings per share (EPS) for the quarter. The firm had revenue of $168.92 million during the quarter.

Analyst Upgrades and Downgrades

UP has been the topic of several recent research reports. Wall Street Zen cut shares of Wheels Up Experience from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Wheels Up Experience in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Wheels Up Experience currently has an average rating of “Sell”.

Hedge Funds Weigh In On Wheels Up Experience

Several institutional investors and hedge funds have recently added to or reduced their stakes in UP. Knighthead Capital Management LLC purchased a new position in shares of Wheels Up Experience during the 1st quarter worth approximately $133,344,000. Kore Advisors LP grew its holdings in Wheels Up Experience by 0.6% during the first quarter. Kore Advisors LP now owns 15,194,884 shares of the company’s stock worth $7,848,000 after acquiring an additional 94,176 shares during the period. Vanguard Group Inc. grew its holdings in Wheels Up Experience by 9.8% during the third quarter. Vanguard Group Inc. now owns 3,614,924 shares of the company’s stock worth $6,651,000 after acquiring an additional 323,945 shares during the period. Millennium Management LLC grew its holdings in Wheels Up Experience by 1.1% during the fourth quarter. Millennium Management LLC now owns 1,309,584 shares of the company’s stock worth $859,000 after acquiring an additional 14,332 shares during the period. Finally, Inspire Investing LLC raised its position in Wheels Up Experience by 35.9% in the first quarter. Inspire Investing LLC now owns 1,061,623 shares of the company’s stock worth $548,000 after acquiring an additional 280,705 shares in the last quarter. Institutional investors and hedge funds own 98.20% of the company’s stock.

Wheels Up Experience Company Profile

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.