Goldman Sachs Group Inc. Sells 100,393 Shares of Wheels Up Experience Inc. $UP

Goldman Sachs Group Inc. cut its holdings in Wheels Up Experience Inc. (NYSE:UP) by 37.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,858 shares of the company’s stock after selling 100,393 shares during the period. Goldman Sachs Group Inc.’s holdings in Wheels Up Experience were worth $167,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in Wheels Up Experience by 72.5% in the fourth quarter. Bank of America Corp DE now owns 73,560 shares of the company’s stock worth $121,000 after purchasing an additional 30,919 shares during the last quarter. EWA LLC bought a new stake in Wheels Up Experience in the first quarter worth $43,000. Nuveen LLC bought a new stake in Wheels Up Experience in the first quarter worth $148,000. Deutsche Bank AG lifted its stake in Wheels Up Experience by 69.0% in the first quarter. Deutsche Bank AG now owns 73,593 shares of the company’s stock worth $74,000 after purchasing an additional 30,058 shares during the last quarter. Finally, Byrne Asset Management LLC bought a new stake in Wheels Up Experience in the first quarter worth $27,000. 98.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Wheels Up Experience from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th.

Insider Activity at Wheels Up Experience

In related news, Director Donald Lee Moak sold 43,166 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $3.11, for a total transaction of $134,246.26. Following the sale, the director owned 180,431 shares of the company’s stock, valued at $561,140.41. The trade was a 19.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David Godsman sold 75,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $2.83, for a total transaction of $212,250.00. Following the sale, the insider directly owned 976,715 shares in the company, valued at $2,764,103.45. The trade was a 7.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 224,907 shares of company stock valued at $617,064 over the last three months. Corporate insiders own 0.15% of the company’s stock.

Wheels Up Experience Price Performance

Shares of NYSE UP opened at $1.84 on Tuesday. Wheels Up Experience Inc. has a 1 year low of $0.74 and a 1 year high of $3.50. The company’s 50-day moving average is $1.98 and its 200 day moving average is $1.49. The stock has a market capitalization of $1.28 billion, a P/E ratio of -3.90 and a beta of 2.40.

Wheels Up Experience (NYSE:UP) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $189.64 million for the quarter.

Wheels Up Experience Profile

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers Wheels Up Membership program that consists of two primary membership categories, such as Individual membership for individual and business fliers; and UP for Business membership consists of small and medium enterprise, and custom enterprise solutions for business fliers that tend to spend at higher levels.