Wheels Up Experience Inc. (NYSE:UP - Get Free Report)'s share price fell 6.5% during trading on Tuesday . The company traded as low as $1.52 and last traded at $1.52. 564,997 shares were traded during mid-day trading, a decline of 47% from the average session volume of 1,061,084 shares. The stock had previously closed at $1.62.
Wheels Up Experience Price Performance
The business has a 50 day moving average price of $1.20 and a two-hundred day moving average price of $1.44. The stock has a market cap of $1.05 billion, a PE ratio of -3.01 and a beta of 2.38.
Wheels Up Experience (NYSE:UP - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.11) EPS for the quarter. The firm had revenue of $177.53 million for the quarter. Wheels Up Experience had a negative net margin of 39.97% and a negative return on equity of 796.67%.
Insider Activity
In other news, CEO of Air Partner Mark Briffa sold 28,717 shares of the 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 completion of the transaction, the insider now owns 1,090,971 shares of the company's stock, valued at approximately $1,156,429.26. This represents a 2.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.
Institutional Investors Weigh In On Wheels Up Experience
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its position in Wheels Up Experience by 97.3% during the 4th quarter. Hsbc Holdings PLC now owns 21,775 shares of the company's stock valued at $35,000 after acquiring an additional 10,740 shares during the period. Byrne Asset Management LLC purchased a new position in shares of Wheels Up Experience during the first quarter valued at approximately $27,000. EWA LLC bought a new stake in shares of Wheels Up Experience in the 1st quarter worth approximately $43,000. Wells Fargo & Company MN grew its stake in shares of Wheels Up Experience by 49.6% in 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 last quarter. Finally, SG Americas Securities LLC grew its stake 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 buying an additional 25,495 shares during the last quarter. 98.20% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Stories
Before you consider Wheels Up Experience, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wheels Up Experience wasn't on the list.
While Wheels Up Experience currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
