Peter Hopper Buys 50,000 Shares of flyExclusive (NYSE:FLYX) Stock

flyExclusive, Inc. (NYSE:FLYX) Director Peter Hopper purchased 50,000 shares of flyExclusive stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average cost of $2.54 per share, with a total value of $127,000.00. Following the transaction, the director owned 50,000 shares in the company, valued at $127,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

flyExclusive Stock Performance

FLYX opened at $2.37 on Thursday. flyExclusive, Inc. has a 1-year low of $1.90 and a 1-year high of $8.88. The company has a market cap of $223.61 million, a price-to-earnings ratio of -2.32 and a beta of 0.25. The company’s fifty day moving average price is $2.64 and its two-hundred day moving average price is $3.50.

Institutional Trading of flyExclusive

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of flyExclusive by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 113,564 shares of the company’s stock valued at $467,000 after purchasing an additional 3,373 shares during the last quarter. JPMorgan Chase & Co. grew its position in flyExclusive by 56,636.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,241 shares of the company’s stock worth $31,000 after purchasing an additional 6,230 shares in the last quarter. Citadel Advisors LLC bought a new stake in flyExclusive in the 3rd quarter worth about $68,000. Axxcess Wealth Management LLC increased its stake in flyExclusive by 11.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 37,750 shares of the company’s stock valued at $186,000 after buying an additional 3,750 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in flyExclusive in the 3rd quarter valued at about $32,000. Institutional investors own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FLYX shares. UBS Group set a $7.00 price target on shares of flyExclusive in a research report on Monday, January 26th. Lucid Cap Mkts raised flyExclusive to a “strong-buy” rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, flyExclusive presently has an average rating of “Strong Buy” and an average price target of $7.00.

flyExclusive Company Profile

flyExclusive (NYSE:FLYX) is a U.S.-based private aviation company that provides on-demand charter, jet card membership, and aircraft management services. The firm operates a proprietary fleet of large-cabin and super-midsize jets, complemented by third-party managed aircraft under its Part 135 operator certificate. flyExclusive offers customized flight solutions for individual, corporate and group travel, with a focus on safety, scheduling flexibility and personalized service.

The company was launched as a standalone brand in 2018 and completed its business combination to become a publicly traded company in November 2021.