Wheels Up Experience (NYSE:UP) Trading Down 6.9% - Time to Sell?

Wheels Up Experience Inc. (NYSE:UP - Get Free Report)'s stock price fell 6.9% on Monday . The company traded as low as $1.10 and last traded at $1.09. 249,708 shares traded hands during trading, a decline of 76% from the average session volume of 1,051,956 shares. The stock had previously closed at $1.17.

Wheels Up Experience Stock Up 19.7 %

The company's 50-day moving average price is $0.99 and its 200-day moving average price is $1.54. The firm has a market cap of $978.31 million, a price-to-earnings ratio of -2.80 and a beta of 2.35.

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 business had revenue of $177.53 million for the quarter.

Insiders Place Their Bets

In related news, CEO of Air Partner Mark Briffa sold 28,717 shares of the stock in a transaction that occurred 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 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 trade represents a 2.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UP. Hsbc Holdings PLC raised its stake in Wheels Up Experience by 97.3% during the 4th 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. Byrne Asset Management LLC purchased a new stake in shares of Wheels Up Experience in the first quarter valued at about $27,000. EWA LLC acquired a new stake in shares of Wheels Up Experience during the first quarter worth about $43,000. Wells Fargo & Company MN raised its stake in Wheels Up Experience by 49.6% during the 4th 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 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 valued at $80,000 after purchasing an additional 25,495 shares during the last quarter. Hedge funds and other institutional investors 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.