Wheels Up Experience (NYSE:UP) Hits New 1-Year High - Here's What Happened

Wheels Up Experience Inc. (NYSE:UP - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $1.16 and last traded at $1.14, with a volume of 1006444 shares trading hands. The stock had previously closed at $0.99.

Wheels Up Experience Stock Up 2.4 %

The firm has a market cap of $758.19 million, a price-to-earnings ratio of -2.17 and a beta of 2.35. The firm has a 50 day moving average of $0.99 and a 200 day moving average of $1.55.

Wheels Up Experience (NYSE:UP - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.11) EPS for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%. The company had revenue of $177.53 million for the quarter.

Insider Buying and Selling at Wheels Up Experience

In other news, CEO of Air Partner Mark Briffa sold 28,717 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1.06, for a total transaction of $30,440.02. Following the transaction, the insider now directly owns 1,090,971 shares of the company's stock, valued at $1,156,429.26. This represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company's stock.

Institutional Trading of Wheels Up Experience

Several hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC grew its holdings in Wheels Up Experience by 97.3% during the fourth quarter. Hsbc Holdings PLC now owns 21,775 shares of the company's stock worth $35,000 after buying an additional 10,740 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Wheels Up Experience by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,978,652 shares of the company's stock worth $3,266,000 after acquiring an additional 13,372 shares during the last quarter. Barclays PLC grew its stake in shares of Wheels Up Experience by 11.0% in the 4th quarter. Barclays PLC now owns 142,056 shares of the company's stock worth $234,000 after acquiring an additional 14,117 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of 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 during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Wheels Up Experience by 110.7% during the fourth quarter. SG Americas Securities LLC now owns 48,527 shares of the company's stock valued at $80,000 after purchasing an additional 25,495 shares in the last quarter. Institutional investors and hedge funds own 98.20% of the company's stock.

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.