Wheels Up Experience Target of Unusually Large Options Trading (NYSE:UP)

Wheels Up Experience Inc. (NYSE:UP) saw unusually large options trading on Monday. Traders acquired 12,901 call options on the stock. This represents an increase of approximately 128% compared to the average daily volume of 5,666 call options.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UP. Weiss Ratings reiterated a “sell (d-)” rating on shares of Wheels Up Experience in a research report on Wednesday, October 8th. Wall Street Zen cut Wheels Up Experience from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Insider Activity

In related news, insider Meaghan Danielle Wells sold 47,931 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $1.22, for a total value of $58,475.82. Following the sale, the insider directly owned 526,681 shares in the company, valued at approximately $642,550.82. The trade was a 8.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Briffa sold 86,813 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $1.23, for a total transaction of $106,779.99. Following the transaction, the insider owned 866,670 shares of the company’s stock, valued at $1,066,004.10. This represents a 9.10% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC raised its stake in shares of Wheels Up Experience by 77.0% during the second quarter. CWM LLC now owns 24,880 shares of the company’s stock worth $27,000 after acquiring an additional 10,827 shares in the last quarter. Kestra Private Wealth Services LLC bought a new position in shares of Wheels Up Experience during the 3rd quarter valued at $25,000. Unconventional Investor LLC purchased a new position in Wheels Up Experience in the 3rd quarter worth $31,000. WealthShield Partners LLC bought a new stake in Wheels Up Experience in the third quarter worth $33,000. Finally, Clearstead Advisors LLC purchased a new stake in Wheels Up Experience during the third quarter valued at about $37,000. 98.20% of the stock is currently owned by institutional investors.

Wheels Up Experience Stock Performance

Shares of NYSE:UP opened at $1.06 on Wednesday. The firm has a market capitalization of $761.40 million, a PE ratio of -2.07 and a beta of 2.34. Wheels Up Experience has a 52-week low of $0.56 and a 52-week high of $3.50. The firm has a fifty day moving average of $0.81 and a 200 day moving average of $1.43.

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

About Wheels Up Experience

Wheels Up Experience Inc is a membership-driven private aviation company that provides on-demand charter flights and flight card services to corporate clients and high-net-worth individuals. The company operates a combination of owned and managed aircraft, including turboprops and light to midsize jets, and supplements its fleet through a network of partner operators. Its digital platform allows members to book flights, manage itineraries and access empty-leg opportunities with real-time pricing and availability.

Through tiered membership programs, Wheels Up offers flexible access to private air travel without the long-term commitments typically associated with fractional ownership.