Wheels Up Experience (NYSE:UP) Shares Gap Up - Should You Buy?

Wheels Up Experience Inc. (NYSE:UP - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $0.80, but opened at $0.84. Wheels Up Experience shares last traded at $0.80, with a volume of 30,505 shares.

Wheels Up Experience Trading Down 1.1 %

The company has a market cap of $559.87 million, a P/E ratio of -1.60 and a beta of 2.39. The firm has a 50-day moving average of $1.13 and a 200 day moving average of $1.68.

Wheels Up Experience (NYSE:UP - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $204.82 million during the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%.

Insider Activity at Wheels Up Experience

In related news, CEO of Air Partner Mark Briffa sold 28,717 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $1.06, for a total transaction of $30,440.02. Following the transaction, the insider now owns 1,090,971 shares in the company, valued at $1,156,429.26. The trade was a 2.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP bought a new position in shares of Wheels Up Experience during the fourth quarter valued at approximately $1,264,000. Geode Capital Management LLC increased its holdings in Wheels Up Experience by 57.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,965,280 shares of the company's stock worth $4,757,000 after acquiring an additional 718,411 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Wheels Up Experience by 277.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 796,827 shares of the company's stock worth $1,928,000 after buying an additional 585,589 shares in the last quarter. State Street Corp raised its stake in Wheels Up Experience by 41.9% during 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 during the period. Finally, Corient Private Wealth LLC purchased a new position in Wheels Up Experience during the fourth quarter valued at $339,000. 98.20% of the stock is currently owned by institutional investors.

Wheels Up Experience Company Profile

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.