Wheels Up Experience (NYSE:UP) Trading Down 7.4% - Time to Sell?

Wheels Up Experience Inc. (NYSE:UP - Get Free Report)'s stock price dropped 7.4% during mid-day trading on Thursday . The company traded as low as $1.51 and last traded at $1.52. Approximately 475,180 shares traded hands during trading, a decline of 53% from the average daily volume of 1,012,362 shares. The stock had previously closed at $1.64.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Wheels Up Experience from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th.

Wheels Up Experience Stock Performance

The business's 50 day simple moving average is $1.42 and its 200-day simple moving average is $1.30. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -2.99 and a beta of 2.30.

Wheels Up Experience (NYSE:UP - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $177.53 million for the quarter.

Institutional Trading of Wheels Up Experience

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in Wheels Up Experience by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,978,652 shares of the company's stock worth $3,266,000 after purchasing an additional 13,372 shares during the last quarter. Northern Trust Corp boosted its position in shares of Wheels Up Experience by 10.7% during the 4th quarter. Northern Trust Corp now owns 840,804 shares of the company's stock valued at $1,387,000 after acquiring an additional 81,293 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Wheels Up Experience during the 4th quarter valued at about $1,264,000. Corient Private Wealth LLC acquired a new stake in shares of Wheels Up Experience during the 4th quarter valued at about $339,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Wheels Up Experience during the 1st quarter valued at about $156,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

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.

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