Wheels Up Experience Inc. (NYSE:UP - Get Free Report)'s share price traded down 6.8% during mid-day trading on Friday . The company traded as low as $1.32 and last traded at $1.31. 406,587 shares traded hands during trading, a decline of 62% from the average session volume of 1,078,904 shares. The stock had previously closed at $1.40.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded Wheels Up Experience from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st.
Check Out Our Latest Report on Wheels Up Experience
Wheels Up Experience Stock Performance
The firm has a market cap of $911.92 million, a price-to-earnings ratio of -2.68 and a beta of 2.38. The business has a fifty day simple moving average of $1.33 and a 200-day simple moving average of $1.37.
Wheels Up Experience (NYSE:UP - Get Free Report) last announced 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 for the quarter.
Hedge Funds Weigh In On Wheels Up Experience
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Byrne Asset Management LLC acquired a new stake in Wheels Up Experience during the 1st quarter worth about $27,000. Hsbc Holdings PLC boosted its stake 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 acquiring an additional 10,740 shares in the last quarter. EWA LLC acquired a new stake in Wheels Up Experience in the first quarter worth $43,000. Wells Fargo & Company MN increased its stake in 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 in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of 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 purchasing an additional 30,058 shares in the last quarter. 98.20% of the stock is owned by institutional investors and hedge funds.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
