Wheels Up Experience (NYSE:UP) Shares Up 6.7% - What's Next?

Shares of Wheels Up Experience Inc. (NYSE:UP - Get Free Report) rose 6.7% during mid-day trading on Friday . The company traded as high as $1.51 and last traded at $1.51. Approximately 87,447 shares were traded during trading, a decline of 92% from the average daily volume of 1,058,727 shares. The stock had previously closed at $1.41.

Wheels Up Experience Stock Performance

The business's 50 day moving average price is $1.16 and its two-hundred day moving average price is $1.46. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -3.05 and a beta of 2.38.

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 (EPS) for the quarter. The business had revenue of $177.53 million during the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%.

Insider Activity at Wheels Up Experience

In other Wheels Up Experience news, CEO of Air Partner Mark Briffa sold 28,717 shares of Wheels Up Experience stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1.06, for a total value 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. The trade was a 2.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On Wheels Up Experience

Several hedge funds have recently made changes to their positions in UP. SG Americas Securities LLC lifted its position in shares of Wheels Up Experience by 110.7% in the 4th quarter. SG Americas Securities LLC now owns 48,527 shares of the company's stock worth $80,000 after acquiring an additional 25,495 shares during the period. Corient Private Wealth LLC acquired a new position in shares of Wheels Up Experience in the 4th quarter valued at $339,000. CIBC Private Wealth Group LLC raised its position in Wheels Up Experience by 48,303.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 75,025 shares of the company's stock worth $119,000 after purchasing an additional 74,870 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Wheels Up Experience by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,978,652 shares of the company's stock valued at $3,266,000 after purchasing an additional 13,372 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Wheels Up Experience by 49.6% during 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. Institutional investors 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.

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