Wheels Up Experience (NYSE:UP) Trading Up 7.1% – Here’s What Happened

Wheels Up Experience Inc. (NYSE:UP)’s stock price traded up 7.1% during mid-day trading on Monday . The stock traded as high as $1.10 and last traded at $1.13. 36,637 shares traded hands during trading, a decline of 96% from the average session volume of 1,008,740 shares. The stock had previously closed at $1.05.

Wheels Up Experience Stock Down 3.9 %

The company’s 50 day moving average price is $1.36 and its 200 day moving average price is $1.82. The firm has a market capitalization of $779.15 million, a price-to-earnings ratio of -2.23 and a beta of 2.42.

Wheels Up Experience (NYSE:UP) last announced its quarterly earnings data on Tuesday, March 11th. The company reported ($0.09) 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 $204.82 million for the quarter.

Insider Buying and Selling

In other news, CEO of Air Partner Mark Briffa sold 28,717 shares of Wheels Up Experience 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 sale, the insider now owns 1,090,971 shares in the company, valued at $1,156,429.26. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Wheels Up Experience

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its holdings in Wheels Up Experience by 97.3% in the 4th 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. Stifel Financial Corp bought a new stake in Wheels Up Experience during the 3rd quarter valued at approximately $41,000. Wells Fargo & Company MN grew its stake 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 acquiring an additional 14,299 shares during the last quarter. SG Americas Securities LLC lifted its position 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 worth $80,000 after acquiring an additional 25,495 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in Wheels Up Experience during the third quarter worth $88,000. 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.