Wheels Up Experience (NYSE:UP) Shares Up 5.5% - Time to Buy?

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) traded up 5.5% during mid-day trading on Tuesday . The company traded as high as $0.89 and last traded at $0.90. 267,532 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 1,037,593 shares. The stock had previously closed at $0.85.

Wheels Up Experience Stock Performance

The business's fifty day moving average is $0.99 and its 200-day moving average is $1.56. The firm has a market cap of $824.57 million, a P/E ratio of -2.36 and a beta of 2.39.

Wheels Up Experience (NYSE:UP - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.11) EPS for the quarter. The business had revenue of $177.53 million for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%.

Insider Buying and Selling 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 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 sale, the insider now directly owns 1,090,971 shares of the company's stock, valued at approximately $1,156,429.26. This represents a 2.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company's stock.

Institutional Trading of Wheels Up Experience

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of Wheels Up Experience by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,978,652 shares of the company's stock valued at $3,266,000 after purchasing an additional 13,372 shares in the last quarter. Northern Trust Corp lifted its stake in Wheels Up Experience by 10.7% in the fourth quarter. Northern Trust Corp now owns 840,804 shares of the company's stock valued at $1,387,000 after buying an additional 81,293 shares during the period. First Trust Advisors LP acquired a new position in Wheels Up Experience in the fourth quarter valued at approximately $1,264,000. Corient Private Wealth LLC bought a new position in shares of Wheels Up Experience during the 4th quarter worth approximately $339,000. Finally, Barclays PLC grew its position in shares of Wheels Up Experience by 11.0% during the 4th quarter. Barclays PLC now owns 142,056 shares of the company's stock worth $234,000 after buying an additional 14,117 shares during the period. 98.20% of the stock is currently owned by institutional investors and hedge funds.

About Wheels Up Experience

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.