Shares of Wheels Up Experience Inc. (NYSE:UP - Get Free Report) dropped 3.1% during mid-day trading on Wednesday . The company traded as low as $1.39 and last traded at $1.40. Approximately 324,776 shares traded hands during trading, a decline of 69% from the average daily volume of 1,064,291 shares. The stock had previously closed at $1.44.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded shares of Wheels Up Experience from a "hold" rating to a "sell" rating in a research report on Saturday.
Read Our Latest Stock Analysis on UP
Wheels Up Experience Price Performance
The company has a market cap of $960.84 million, a PE ratio of -2.81 and a beta of 2.38. The stock has a fifty day moving average price of $1.29 and a 200-day moving average price of $1.38.
Wheels Up Experience (NYSE:UP - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $177.53 million during the quarter.
Hedge Funds Weigh In On Wheels Up Experience
A number of large investors have recently made changes to their positions in UP. Byrne Asset Management LLC purchased a new position in Wheels Up Experience during the first quarter valued at approximately $27,000. Hsbc Holdings PLC lifted its position in Wheels Up Experience by 97.3% in the 4th 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. EWA LLC acquired a new stake in shares of Wheels Up Experience during the 1st quarter valued at $43,000. Wells Fargo & Company MN grew its holdings in shares of Wheels Up Experience by 49.6% during the 4th quarter. Wells Fargo & Company MN now owns 43,147 shares of the company's stock valued at $71,000 after acquiring an additional 14,299 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Wheels Up Experience by 69.0% in the first 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 last quarter. Institutional investors and hedge funds own 98.20% of the company's stock.
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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