Wheels Up Experience (NYSE:UP) Lowered to “Sell” Rating by Wall Street Zen

Wheels Up Experience (NYSE:UPGet Free Report) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Wheels Up Experience Stock Performance

Shares of Wheels Up Experience stock opened at $1.38 on Friday. The business’s 50 day simple moving average is $1.29 and its 200 day simple moving average is $1.39. Wheels Up Experience has a 52-week low of $0.74 and a 52-week high of $4.59. The firm has a market cap of $960.84 million, a PE ratio of -2.81 and a beta of 2.38.

Wheels Up Experience (NYSE:UPGet Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $177.53 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of UP. Byrne Asset Management LLC bought a new position in Wheels Up Experience in the first quarter valued at approximately $27,000. Hsbc Holdings PLC grew its stake in Wheels Up Experience by 97.3% in the fourth quarter. Hsbc Holdings PLC now owns 21,775 shares of the company’s stock valued at $35,000 after purchasing an additional 10,740 shares in the last quarter. EWA LLC bought a new position in Wheels Up Experience in the first quarter valued at approximately $43,000. Wells Fargo & Company MN grew its stake in Wheels Up Experience by 49.6% in the fourth quarter. Wells Fargo & Company MN now owns 43,147 shares of the company’s stock valued at $71,000 after purchasing an additional 14,299 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Wheels Up Experience by 69.0% during the 1st quarter. Deutsche Bank AG now owns 73,593 shares of the company’s stock worth $74,000 after acquiring an additional 30,058 shares during the period. 98.20% of the stock is currently owned by institutional investors.

About Wheels Up Experience

(Get Free Report)

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.

Further Reading

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