Ck Wheels Llc Sells 4,021 Shares of Wheels Up Experience (NYSE:UP) Stock

Wheels Up Experience Inc. (NYSE:UP) major shareholder Ck Wheels Llc sold 4,021 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $8.15, for a total transaction of $32,771.15. Following the completion of the sale, the insider directly owned 12,903,187 shares of the company’s stock, valued at $105,160,974.05. This represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, June 17th, Ck Wheels Llc sold 5,309 shares of Wheels Up Experience stock. The stock was sold at an average price of $8.07, for a total transaction of $42,843.63.
• On Monday, June 15th, Ck Wheels Llc sold 1,252 shares of Wheels Up Experience stock. The stock was sold at an average price of $8.52, for a total transaction of $10,667.04.

Wheels Up Experience Stock Up 3.1%

UP stock traded up $0.24 during trading hours on Wednesday, hitting $7.77. The company’s stock had a trading volume of 73,288 shares, compared to its average volume of 201,968. The company has a market capitalization of $281.35 million, a PE ratio of -0.98 and a beta of 2.06. Wheels Up Experience Inc. has a 12 month low of $4.69 and a 12 month high of $70.00. The stock has a 50 day moving average price of $7.68 and a two-hundred day moving average price of $11.23.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wheels Up Experience in a report on Monday, June 1st. 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. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Wheels Up Experience

Several large investors have recently bought and sold shares of the stock. Knighthead Capital Management LLC acquired a new position in shares of Wheels Up Experience in the 1st quarter valued at $133,344,000. Jane Street Group LLC acquired a new stake in shares of Wheels Up Experience during the 2nd quarter worth about $795,000. J. Derek Lewis & Associates Inc. acquired a new stake in shares of Wheels Up Experience during the 4th quarter worth about $356,000. Inspire Investing LLC increased 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 worth $513,000 after purchasing an additional 529,534 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Wheels Up Experience during the 4th quarter worth about $263,000. 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.