Wheels Up Experience (NYSE:UP) Trading 4.5% Higher - Should You Buy?

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) rose 4.5% during mid-day trading on Friday . The company traded as high as $1.24 and last traded at $1.27. Approximately 403,266 shares changed hands during trading, a decline of 62% from the average daily volume of 1,066,073 shares. The stock had previously closed at $1.21.

Wheels Up Experience Stock Up 8.7%

The stock has a market cap of $918.91 million, a price-to-earnings ratio of -2.63 and a beta of 2.35. The stock's fifty day moving average is $1.13 and its 200-day moving average is $1.47.

Wheels Up Experience (NYSE:UP - Get Free Report) last issued 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 net margin of 39.97% and a negative return on equity of 796.67%.

Insider Activity at Wheels Up Experience

In other news, CEO of Air Partner Mark Briffa sold 28,717 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were 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 in the company, valued at $1,156,429.26. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP acquired a new position in shares of Wheels Up Experience in the fourth quarter valued at approximately $115,000. Wells Fargo & Company MN boosted its holdings in shares of 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 buying an additional 14,299 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of 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 valued at $119,000 after buying an additional 74,870 shares during the period. First Trust Advisors LP acquired a new position in shares of Wheels Up Experience in the fourth quarter valued at approximately $1,264,000. Finally, Corient Private Wealth LLC acquired a new position in shares of Wheels Up Experience in the fourth quarter valued at approximately $339,000. Institutional investors and hedge funds 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.