Wheels Up Experience (NYSE:UP) Trading Down 4.9% - Time to Sell?

Wheels Up Experience Inc. (NYSE:UP - Get Free Report) shares traded down 4.9% during trading on Thursday . The stock traded as low as $1.07 and last traded at $1.07. 126,385 shares traded hands during trading, a decline of 87% from the average session volume of 1,010,042 shares. The stock had previously closed at $1.12.

Wheels Up Experience Stock Up 9.1 %

The company has a market capitalization of $799.80 million, a PE ratio of -2.31 and a beta of 2.42. The business has a 50 day simple moving average of $1.38 and a 200 day simple moving average of $1.83.

Wheels Up Experience (NYSE:UP - Get Free Report) last issued its earnings results on Tuesday, March 11th. The company reported ($0.09) 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 firm had revenue of $204.82 million during the quarter.

Insider Buying and Selling

In related 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 stock was sold at an average price of $1.06, for a total transaction of $30,440.02. Following the completion of the transaction, the insider now directly owns 1,090,971 shares in the company, valued at approximately $1,156,429.26. This trade represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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Institutional Investors Weigh In On Wheels Up Experience

Hedge funds and other institutional investors have recently made changes to their positions in the company. Intech Investment Management LLC acquired a new stake in Wheels Up Experience during the third quarter valued at $88,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Wheels Up Experience by 277.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 796,827 shares of the company's stock worth $1,928,000 after acquiring an additional 585,589 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of Wheels Up Experience during the 3rd quarter valued at about $41,000. State Street Corp increased its stake in shares of Wheels Up Experience by 41.9% in the 3rd quarter. State Street Corp now owns 1,322,891 shares of the company's stock valued at $3,201,000 after purchasing an additional 390,414 shares in the last quarter. Finally, Barclays PLC raised its holdings in Wheels Up Experience by 320.8% in the 3rd quarter. Barclays PLC now owns 127,939 shares of the company's stock worth $309,000 after purchasing an additional 97,532 shares during the period. Institutional investors and hedge funds own 98.20% of the company's stock.

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.