Wheels Up Experience Inc. (NYSE:UP - Get Free Report)'s share price rose 6.7% on Friday . The stock traded as high as $1.51 and last traded at $1.51. Approximately 87,447 shares traded hands during mid-day 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 company has a market cap of $1.13 billion, a PE ratio of -3.24 and a beta of 2.38. The company's 50-day simple moving average is $1.18 and its 200 day simple moving average is $1.44.
Wheels Up Experience (NYSE:UP - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $177.53 million for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%.
Insider Activity
In other Wheels Up Experience news, CEO of Air Partner Mark Briffa sold 28,717 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $1.06, for a total transaction of $30,440.02. Following the transaction, the insider now owns 1,090,971 shares of the company's stock, valued at $1,156,429.26. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company's stock.
Hedge Funds Weigh In On Wheels Up Experience
A number of hedge funds have recently made changes to their positions in the business. Byrne Asset Management LLC purchased a new stake in Wheels Up Experience during the 1st quarter worth $27,000. Hsbc Holdings PLC increased its stake in Wheels Up Experience by 97.3% during 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 during the period. EWA LLC purchased a new stake in Wheels Up Experience during the 1st quarter worth $43,000. Wells Fargo & Company MN increased its stake in Wheels Up Experience by 49.6% during the 4th quarter. Wells Fargo & Company MN now owns 43,147 shares of the company's stock worth $71,000 after buying an additional 14,299 shares during the period. Finally, Deutsche Bank AG increased its stake in Wheels Up Experience by 69.0% during the 1st quarter. Deutsche Bank AG now owns 73,593 shares of the company's stock worth $74,000 after buying an additional 30,058 shares during the period. Hedge funds and other institutional investors own 98.20% of the company's stock.
Wheels Up Experience Company Profile
(
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.
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