Wheels Up Experience (NYSE:UP) Trading 5.4% Higher – Here’s What Happened

Wheels Up Experience Inc. (NYSE:UP)’s share price rose 5.4% during mid-day trading on Thursday . The company traded as high as $1.05 and last traded at $1.07. Approximately 116,043 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 1,014,427 shares. The stock had previously closed at $1.01.

Wheels Up Experience Price Performance

The stock has a market capitalization of $764.20 million, a P/E ratio of -2.19 and a beta of 2.42. The stock has a fifty day moving average price of $1.46 and a 200 day moving average price of $1.87.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UP. Hsbc Holdings PLC increased its holdings in shares of Wheels Up Experience by 97.3% in the 4th quarter. Hsbc Holdings PLC now owns 21,775 shares of the company’s stock worth $35,000 after buying an additional 10,740 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Wheels Up Experience by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,978,652 shares of the company’s stock worth $3,266,000 after purchasing an additional 13,372 shares during the period. Barclays PLC lifted its holdings in Wheels Up Experience by 11.0% in the fourth quarter. Barclays PLC now owns 142,056 shares of the company’s stock valued at $234,000 after acquiring an additional 14,117 shares during the period. Wells Fargo & Company MN raised its stake in shares of Wheels Up Experience by 49.6% during the 4th quarter. Wells Fargo & Company MN now owns 43,147 shares of the company’s stock worth $71,000 after buying an additional 14,299 shares during the period. Finally, Stifel Financial Corp acquired a new position in Wheels Up Experience during the third quarter worth about $41,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.

Wheels Up Experience Company 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.