Shares of Wheels Up Experience Inc. (NYSE:UP - Get Free Report) fell 5.9% during mid-day trading on Monday . The company traded as low as $1.46 and last traded at $1.51. 455,497 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 1,013,822 shares. The stock had previously closed at $1.60.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Wheels Up Experience from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th.
Read Our Latest Analysis on Wheels Up Experience
Wheels Up Experience Stock Down 5.9%
The company has a market cap of $953.85 million, a price-to-earnings ratio of -2.79 and a beta of 2.30. The company has a fifty day simple moving average of $1.41 and a two-hundred day simple moving average of $1.31.
Wheels Up Experience (NYSE:UP - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $177.53 million during the quarter.
Institutional Trading of Wheels Up Experience
Several large investors have recently modified their holdings of the business. Corient Private Wealth LLC acquired a new position in Wheels Up Experience in the fourth quarter worth about $339,000. CIBC Private Wealth Group LLC grew its stake in 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 worth $119,000 after purchasing an additional 74,870 shares in the last quarter. Geode Capital Management LLC boosted its stake in Wheels Up Experience by 0.7% in 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 period. Wells Fargo & Company MN boosted 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 acquiring an additional 14,299 shares during the period. Finally, Barclays PLC raised its holdings in shares of 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 buying an additional 14,117 shares during the last quarter. 98.20% of the stock is currently owned by institutional investors and hedge funds.
Wheels Up Experience Company Profile
(
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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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