Wheels Up Experience (NYSE:UP) PT Lowered to $4.00

Wheels Up Experience (NYSE:UP – Get Rating) had its price objective reduced by Credit Suisse Group from $5.00 to $4.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an outperform rating on the stock.

Other analysts have also issued reports about the stock. Raymond James decreased their target price on shares of Wheels Up Experience from $4.00 to $3.00 and set an outperform rating on the stock in a research report on Thursday, November 10th. Morgan Stanley cut their price target on shares of Wheels Up Experience from $2.40 to $1.30 and set an underweight rating for the company in a report on Wednesday, January 18th. Finally, BTIG Research cut their price target on shares of Wheels Up Experience from $3.75 to $2.50 in a report on Friday.

Wheels Up Experience Stock Performance

Shares of Wheels Up Experience stock opened at $0.96 on Friday. The firm’s 50-day simple moving average is $1.22 and its 200-day simple moving average is $1.32. Wheels Up Experience has a twelve month low of $0.76 and a twelve month high of $3.48. The firm has a market cap of $237.18 million, a P/E ratio of -0.47 and a beta of 1.95.

Hedge Funds Weigh In On Wheels Up Experience

A number of institutional investors have recently modified their holdings of UP. Bank of Montreal Can bought a new stake in shares of Wheels Up Experience during the second quarter worth approximately $27,000. Price T Rowe Associates Inc. MD raised its stake in shares of Wheels Up Experience by 64.3% during the third quarter. Price T Rowe Associates Inc. MD now owns 24,945 shares of the company’s stock worth $29,000 after buying an additional 9,758 shares during the last quarter. Cetera Advisors LLC bought a new stake in shares of Wheels Up Experience during the fourth quarter worth approximately $29,000. Hunter Perkins Capital Management LLC bought a new stake in shares of Wheels Up Experience during the third quarter worth approximately $33,000. Finally, Kestra Private Wealth Services LLC raised its stake in shares of Wheels Up Experience by 29.4% during the second quarter. Kestra Private Wealth Services LLC now owns 17,600 shares of the company’s stock worth $34,000 after buying an additional 4,000 shares during the last quarter. 51.31% of the stock is owned by institutional investors.

About Wheels Up Experience

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Wheels Up Experience Inc provides private aviation services primarily in the United States. The company offers a suite of products and services, which include multi-tiered membership programs, on-demand flights across various private aircraft cabin categories, aircraft management, retail and wholesale charter, whole aircraft acquisitions and sales, corporate flight solutions, special missions, signature events and experiences, and commercial travel.