Wheels Up Experience (NYSE:UP) Downgraded to Sell Rating by Wall Street Zen

Wheels Up Experience (NYSE:UP) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Wheels Up Experience Stock Performance

NYSE UP opened at $1.41 on Friday. The firm has a market cap of $981.81 million, a price-to-earnings ratio of -2.75 and a beta of 2.30. The firm has a 50 day simple moving average of $1.87 and a 200-day simple moving average of $1.62. Wheels Up Experience has a one year low of $0.74 and a one year high of $3.50.

Wheels Up Experience (NYSE:UP) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.12) EPS for the quarter. The business had revenue of $185.49 million for the quarter.

Insider Buying and Selling at Wheels Up Experience

In related news, Director Donald Lee Moak sold 43,166 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $3.11, for a total value of $134,246.26. Following the transaction, the director directly owned 180,431 shares of the company’s stock, valued at $561,140.41. This trade represents a 19.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David Godsman sold 75,000 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $2.83, for a total transaction of $212,250.00. Following the completion of the sale, the insider directly owned 976,715 shares of the company’s stock, valued at approximately $2,764,103.45. This trade represents a 7.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 359,651 shares of company stock worth $782,320. 0.15% of the stock is owned by insiders.

Hedge Funds Weigh In On Wheels Up Experience

A number of hedge funds have recently modified their holdings of UP. Vanguard Group Inc. raised its position in Wheels Up Experience by 9.8% in the 3rd quarter. Vanguard Group Inc. now owns 3,614,924 shares of the company’s stock valued at $6,651,000 after purchasing an additional 323,945 shares during the last quarter. Jane Street Group LLC purchased a new position in Wheels Up Experience during the 2nd quarter worth $795,000. Inspire Investing LLC acquired a new position in Wheels Up Experience in the third quarter valued at $463,000. Marshall Wace LLP purchased a new stake in shares of Wheels Up Experience in the second quarter valued at about $222,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Wheels Up Experience during the second quarter worth about $198,000. 98.20% of the stock is currently owned by hedge funds and other institutional investors.

Wheels Up Experience Company 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.