Wheels Up Experience Inc. (NYSE:UP - Get Free Report)'s stock price was down 4.4% during mid-day trading on Wednesday . The stock traded as low as $1.41 and last traded at $1.43. Approximately 56,989 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 823,747 shares. The stock had previously closed at $1.49.
Wheels Up Experience Stock Performance
The stock has a market cap of $1.05 billion, a P/E ratio of -3.01 and a beta of 2.38. The business's 50-day moving average price is $1.18 and its 200-day moving average price is $1.45.
Wheels Up Experience (NYSE:UP - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.11) earnings per share (EPS) for the quarter. Wheels Up Experience had a negative net margin of 39.97% and a negative return on equity of 796.67%. The company had revenue of $177.53 million for the quarter.
Insider Buying and Selling
In other Wheels Up Experience news, CEO of Air Partner Mark Briffa sold 28,717 shares of the business's stock in a transaction 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 in the company, valued at $1,156,429.26. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC increased its position in Wheels Up Experience by 97.3% during the fourth 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 last quarter. Geode Capital Management LLC increased its position 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 acquiring an additional 13,372 shares during the last quarter. Barclays PLC increased its position in Wheels Up Experience by 11.0% during the fourth quarter. Barclays PLC now owns 142,056 shares of the company's stock valued at $234,000 after acquiring an additional 14,117 shares during the last quarter. Wells Fargo & Company MN grew 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 worth $71,000 after purchasing an additional 14,299 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Wheels Up Experience by 110.7% in the fourth quarter. SG Americas Securities LLC now owns 48,527 shares of the company's stock worth $80,000 after purchasing an additional 25,495 shares during the last quarter. 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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