Geode Capital Management LLC Acquires 718,411 Shares of Wheels Up Experience Inc. (NYSE:UP)

Geode Capital Management LLC raised its stake in shares of Wheels Up Experience Inc. (NYSE:UP) by 57.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,965,280 shares of the company’s stock after acquiring an additional 718,411 shares during the period. Geode Capital Management LLC’s holdings in Wheels Up Experience were worth $4,757,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Koss Olinger Consulting LLC purchased a new position in Wheels Up Experience in the third quarter worth $26,000. Renaissance Technologies LLC bought a new stake in shares of Wheels Up Experience during the 2nd quarter worth $28,000. Stifel Financial Corp purchased a new position in shares of Wheels Up Experience in the 3rd quarter worth about $41,000. CIBC Asset Management Inc bought a new position in Wheels Up Experience during the second quarter valued at about $37,000. Finally, SG Americas Securities LLC purchased a new stake in Wheels Up Experience during the third quarter worth about $56,000. 98.20% of the stock is owned by institutional investors.

Wheels Up Experience Price Performance

Wheels Up Experience stock opened at $1.82 on Monday. The business’s 50 day simple moving average is $2.05 and its 200 day simple moving average is $2.24. Wheels Up Experience Inc. has a 12 month low of $1.55 and a 12 month high of $5.10. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -3.64 and a beta of 2.32. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 238.01.

Insiders Place Their Bets

In related news, Director Donald Lee Moak sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $2.50, for a total value of $50,000.00. Following the completion of the sale, the director now owns 130,231 shares in the company, valued at $325,577.50. The trade was a 13.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

Wheels Up Experience Profile

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.