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

Wall Street Zen upgraded shares of Wheels Up Experience (NYSE:UP) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Wheels Up Experience in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Wheels Up Experience Stock Down 1.8%

NYSE:UP opened at $0.53 on Friday. Wheels Up Experience has a 52 week low of $0.49 and a 52 week high of $3.50. The stock’s 50-day moving average price is $0.69 and its 200-day moving average price is $1.18. The stock has a market capitalization of $382.51 million, a PE ratio of -1.26 and a beta of 2.34.

Institutional Trading of Wheels Up Experience

A number of institutional investors and hedge funds have recently modified their holdings of UP. Creative Planning acquired a new position in shares of Wheels Up Experience during the 2nd quarter worth about $25,000. Kestra Private Wealth Services LLC purchased a new position in Wheels Up Experience in the 3rd quarter valued at about $25,000. Hudson Bay Capital Management LP purchased a new position in Wheels Up Experience in the 2nd quarter valued at about $25,000. Beck Mack & Oliver LLC acquired a new stake in Wheels Up Experience in the 2nd quarter worth about $27,000. Finally, Rooted Wealth Advisors Inc. boosted its holdings in Wheels Up Experience by 80.2% in the 4th quarter. Rooted Wealth Advisors Inc. now owns 45,041 shares of the company’s stock worth $30,000 after buying an additional 20,041 shares during the last quarter. Hedge funds and other institutional investors 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.