Wheels Up Experience (NYSE:UP) Trading Up 5.4% – Should You Buy?

Shares of Wheels Up Experience Inc. (NYSE:UP) rose 5.4% during trading on Thursday . The stock traded as high as $1.05 and last traded at $1.07. Approximately 116,043 shares changed hands during 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 Stock Down 1.4 %

The firm has a market capitalization of $764.20 million, a PE ratio of -2.19 and a beta of 2.42. The company’s 50-day simple moving average is $1.44 and its 200 day simple moving average is $1.86.

Wheels Up Experience (NYSE:UP) last announced its quarterly earnings data on Tuesday, March 11th. The company reported ($0.09) EPS for the quarter. The company 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 Activity at Wheels Up Experience

In related news, CEO 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 value of $30,440.02. Following the completion of the transaction, the chief executive officer now directly 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Wheels Up Experience

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC increased its holdings 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 buying an additional 10,740 shares during the period. Stifel Financial Corp acquired a new position in Wheels Up Experience in the 3rd quarter worth approximately $41,000. Wells Fargo & Company MN increased its holdings in Wheels Up Experience by 49.6% in 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. SG Americas Securities LLC increased its holdings in Wheels Up Experience by 110.7% in the 4th quarter. SG Americas Securities LLC now owns 48,527 shares of the company’s stock worth $80,000 after buying an additional 25,495 shares during the period. Finally, Intech Investment Management LLC acquired a new position in Wheels Up Experience in the 3rd quarter worth approximately $88,000. Institutional investors and hedge funds 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.