Wheels Up Experience (NYSE:UP) Shares Up 5.4% - Still a Buy?

Wheels Up Experience Inc. (NYSE:UP - Get Free Report)'s stock price shot up 5.4% on Thursday . The stock traded as high as $1.05 and last traded at $1.07. 116,043 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 1,014,427 shares. The stock had previously closed at $1.01.

Wheels Up Experience Trading Down 1.4 %

The firm has a fifty day simple moving average of $1.44 and a two-hundred day simple moving average of $1.86. The stock has a market cap of $764.20 million, a PE ratio of -2.19 and a beta of 2.42.

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

Insider Buying and Selling

In related news, CEO Mark Briffa sold 28,717 shares of the firm's 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 transaction, the chief executive officer now directly owns 1,090,971 shares in the company, valued at $1,156,429.26. This trade represents a 2.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

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Institutional Investors Weigh In On Wheels Up Experience

Large investors have recently made changes to their positions in the business. Hsbc Holdings PLC raised its stake in Wheels Up Experience by 97.3% during the fourth quarter. Hsbc Holdings PLC now owns 21,775 shares of the company's stock valued at $35,000 after buying an additional 10,740 shares during the last quarter. Stifel Financial Corp purchased a new position in shares of Wheels Up Experience in the third quarter worth $41,000. Wells Fargo & Company MN raised 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 purchasing an additional 14,299 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Wheels Up Experience by 110.7% in the fourth quarter. SG Americas Securities LLC now owns 48,527 shares of the company's stock worth $80,000 after purchasing an additional 25,495 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Wheels Up Experience in the third quarter worth $88,000. 98.20% of the stock is currently owned by institutional investors.

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.