Wheels Up Experience (NYSE:UP) Trading Up 7.1% – Should You Buy?

Wheels Up Experience Inc. (NYSE:UP)’s stock price traded up 7.1% during trading on Monday . The stock traded as high as $1.10 and last traded at $1.13. 36,637 shares were traded during trading, a decline of 96% from the average session volume of 1,008,740 shares. The stock had previously closed at $1.05.

Wheels Up Experience Stock Up 5.7 %

The firm has a fifty day moving average price of $1.38 and a two-hundred day moving average price of $1.83. The stock has a market capitalization of $774.67 million, a P/E ratio of -2.22 and a beta of 2.42.

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

Insider Buying and Selling at Wheels Up Experience

In other Wheels Up Experience news, CEO of Air Partner Mark Briffa sold 28,717 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,156,429.26. This represents a 2.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in UP. Hsbc Holdings PLC grew its position in 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 purchasing an additional 10,740 shares during the period. Stifel Financial Corp purchased a new stake in Wheels Up Experience during the third quarter valued at $41,000. Wells Fargo & Company MN lifted its holdings in Wheels Up Experience by 49.6% in the fourth quarter. Wells Fargo & Company MN now owns 43,147 shares of the company’s stock valued at $71,000 after acquiring an additional 14,299 shares during the period. SG Americas Securities LLC boosted its position in 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 Wheels Up Experience in the third quarter worth about $88,000. 98.20% of the stock is owned by hedge funds and other institutional investors.

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.