Wheels Up Experience (NYSE:UP) Shares Up 10.7% – Here’s What Happened

Wheels Up Experience Inc. (NYSE:UP)’s share price rose 10.7% during mid-day trading on Thursday . The company traded as high as $6.77 and last traded at $6.6550. Approximately 114,795 shares traded hands during trading, a decline of 41% from the average daily volume of 196,189 shares. The stock had previously closed at $6.01.

Analysts Set New Price Targets

UP has been the topic of a number of analyst reports. Wall Street Zen raised Wheels Up Experience from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Wheels Up Experience Stock Performance

The stock’s 50-day moving average price is $9.54 and its 200-day moving average price is $14.58. The company has a market capitalization of $241.04 million, a price-to-earnings ratio of -0.79 and a beta of 1.86.

Institutional Investors Weigh In On Wheels Up Experience

A number of hedge funds and other institutional investors have recently modified their holdings of UP. Jane Street Group LLC acquired a new stake in shares of Wheels Up Experience during the 2nd quarter valued at approximately $795,000. J. Derek Lewis & Associates Inc. acquired a new stake in shares of Wheels Up Experience during the 4th quarter valued at approximately $356,000. Inspire Investing LLC lifted its position in shares of Wheels Up Experience by 210.6% during the 4th quarter. Inspire Investing LLC now owns 780,918 shares of the company’s stock valued at $513,000 after acquiring an additional 529,534 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in shares of Wheels Up Experience during the 4th quarter valued at approximately $263,000. Finally, Militia Capital Partners LP acquired a new stake in shares of Wheels Up Experience during the 3rd quarter valued at approximately $644,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

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.