Avidian Wealth Solutions LLC Makes New $66,000 Investment in Wheels Up Experience Inc (NYSE:UP)

Avidian Wealth Solutions LLC purchased a new position in Wheels Up Experience Inc (NYSE:UP) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,010 shares of the company’s stock, valued at approximately $66,000.

Other large investors also recently made changes to their positions in the company. AXS Investments LLC acquired a new stake in shares of Wheels Up Experience in the third quarter worth about $2,377,000. Capital Wealth Management LLC acquired a new position in shares of Wheels Up Experience during the 3rd quarter worth about $112,000. Pennsylvania Capital Management Inc. ADV acquired a new position in shares of Wheels Up Experience during the 3rd quarter worth about $118,000. Belvedere Trading LLC acquired a new position in shares of Wheels Up Experience during the 3rd quarter worth about $87,000. Finally, TimesSquare Capital Management LLC acquired a new position in shares of Wheels Up Experience during the 3rd quarter worth about $18,058,000. 35.40% of the stock is owned by institutional investors.

In related news, Director David J. Adelman acquired 100,000 shares of the stock in a transaction dated Thursday, November 18th. The shares were bought at an average cost of $4.90 per share, for a total transaction of $490,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Several research firms recently weighed in on UP. Zacks Investment Research raised Wheels Up Experience from a “sell” rating to a “hold” rating in a research report on Wednesday. Credit Suisse Group cut their price objective on Wheels Up Experience from $14.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, November 11th. Raymond James cut their price objective on Wheels Up Experience from $10.00 to $9.00 and set an “outperform” rating for the company in a research report on Thursday, November 11th. Barrington Research lowered Wheels Up Experience from an “outperform” rating to a “market perform” rating and set a $16.00 price target on the stock. in a research note on Tuesday, November 16th. Finally, Morgan Stanley assumed coverage on Wheels Up Experience in a research note on Tuesday, November 9th. They set an “underweight” rating and a $5.90 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.41.

Shares of UP opened at $4.10 on Friday. Wheels Up Experience Inc has a 12-month low of $3.89 and a 12-month high of $15.00. The firm’s 50-day moving average price is $4.72.

Wheels Up Experience (NYSE:UP) last released its quarterly earnings data on Wednesday, November 10th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). The firm had revenue of $301.98 million during the quarter, compared to the consensus estimate of $261.18 million. On average, equities analysts anticipate that Wheels Up Experience Inc will post -0.75 EPS for the current fiscal year.

About Wheels Up Experience

Aspirational Consumer Lifestyle Corp. has entered into a definitive merger agreement with Wheels Up Partners Holdings LLC.

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Institutional Ownership by Quarter for Wheels Up Experience (NYSE:UP)

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