Wheels Up Experience (NYSE:UP) Shares Up 7.1% - Time to Buy?

Wheels Up Experience Inc. (NYSE:UP - Get Free Report)'s share price was up 7.1% during mid-day trading on Monday . The stock traded as high as $1.10 and last traded at $1.13. Approximately 36,637 shares changed hands during trading, a decline of 96% from the average daily volume of 1,008,740 shares. The stock had previously closed at $1.05.

Wheels Up Experience Stock Down 5.1 %

The business's fifty day moving average price is $1.34 and its 200 day moving average price is $1.81. The firm has a market capitalization of $716.26 million, a PE ratio of -2.05 and a beta of 2.42.

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

Insider Buying and Selling

In other Wheels Up Experience news, CEO of Air Partner Mark Briffa sold 28,717 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were 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 of the company's stock, valued at $1,156,429.26. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Remove Ads

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp grew its stake in shares of Wheels Up Experience by 41.9% in the third quarter. State Street Corp now owns 1,322,891 shares of the company's stock valued at $3,201,000 after buying an additional 390,414 shares in the last quarter. Geode Capital Management LLC grew its position in Wheels Up Experience by 57.6% in the third quarter. Geode Capital Management LLC now owns 1,965,280 shares of the company's stock valued at $4,757,000 after acquiring an additional 718,411 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Wheels Up Experience by 277.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 796,827 shares of the company's stock valued at $1,928,000 after purchasing an additional 585,589 shares during the period. Barclays PLC raised its stake in shares of Wheels Up Experience by 320.8% during the third quarter. Barclays PLC now owns 127,939 shares of the company's stock valued at $309,000 after purchasing an additional 97,532 shares during the period. Finally, Stifel Financial Corp acquired a new position in shares of Wheels Up Experience during the third quarter worth $41,000. 98.20% of the stock is owned by institutional investors and hedge funds.

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.