State Street Corp Acquires 390,414 Shares of Wheels Up Experience Inc. (NYSE:UP)

State Street Corp increased its holdings in Wheels Up Experience Inc. (NYSE:UP) by 41.9% in the third quarter, Holdings Channel.com reports. The firm owned 1,322,891 shares of the company’s stock after acquiring an additional 390,414 shares during the period. State Street Corp’s holdings in Wheels Up Experience were worth $3,201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Koss Olinger Consulting LLC purchased a new stake in Wheels Up Experience during the 3rd quarter valued at $26,000. Renaissance Technologies LLC bought a new stake in shares of Wheels Up Experience in the second quarter worth about $28,000. Stifel Financial Corp purchased a new position in Wheels Up Experience during the 3rd quarter valued at about $41,000. CIBC Asset Management Inc bought a new position in Wheels Up Experience during the 2nd quarter valued at approximately $37,000. Finally, SG Americas Securities LLC purchased a new stake in Wheels Up Experience in the 3rd quarter worth approximately $56,000. Institutional investors own 98.20% of the company’s stock.

Wheels Up Experience Stock Performance

Shares of UP stock opened at $1.67 on Tuesday. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -3.34 and a beta of 2.32. The stock has a fifty day moving average of $2.10 and a 200 day moving average of $2.24. Wheels Up Experience Inc. has a 52 week low of $1.55 and a 52 week high of $5.10. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 238.01.

Insider Activity

In related news, Director Donald Lee Moak sold 20,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $2.50, for a total transaction of $50,000.00. Following the transaction, the director now owns 130,231 shares in the company, valued at $325,577.50. This represents a 13.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

About Wheels Up Experience

Wheels Up Experience Inc provides private aviation services in the United States and internationally. The company offers membership programs consisting of Connect that offers members variable dynamic pricing on a per trip basis and flexibility on their schedule; Core for private flyers; and UP for Business for small and medium enterprise, and large corporate customers for whom it is primary provider of private flights, as well as supplementary solution to their own aircraft operations.