Mark Briffa Sells 28,717 Shares of Wheels Up Experience Inc. (NYSE:UP) Stock

Wheels Up Experience Inc. (NYSE:UP) CEO Mark Briffa sold 28,717 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $1.06, for a total value of $30,440.02. Following the transaction, the chief executive officer now directly owns 1,090,971 shares of the company’s stock, valued at $1,156,429.26. The trade was a 2.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Wheels Up Experience Price Performance

Shares of UP opened at $1.10 on Friday. The firm has a market cap of $764.20 million, a P/E ratio of -2.19 and a beta of 2.42. The stock has a 50 day simple moving average of $1.44 and a two-hundred day simple moving average of $1.86. Wheels Up Experience Inc. has a 1 year low of $0.95 and a 1 year high of $4.59.

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. The firm had revenue of $204.82 million during the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%.

Institutional Trading of Wheels Up Experience

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC boosted its stake in Wheels Up Experience by 97.3% in the fourth quarter. Hsbc Holdings PLC now owns 21,775 shares of the company’s stock worth $35,000 after buying an additional 10,740 shares in the last quarter. Stifel Financial Corp bought a new stake in Wheels Up Experience in the third quarter valued at approximately $41,000. Wells Fargo & Company MN lifted its position 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 purchasing an additional 14,299 shares during the last quarter. SG Americas Securities LLC lifted 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 valued at $80,000 after purchasing an additional 25,495 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in Wheels Up Experience in the third quarter valued at approximately $88,000. 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.