Wheels Up Experience (NYSE:UP) Shares Down 5% – Should You Sell?

Wheels Up Experience Inc. (NYSE:UP) shares fell 5% during trading on Wednesday . The company traded as low as $1.44 and last traded at $1.44. 753,461 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 904,615 shares. The stock had previously closed at $1.51.

Wheels Up Experience Stock Down 4.3 %

The stock has a market capitalization of $1.01 billion, a P/E ratio of -2.89 and a beta of 2.39. The firm’s 50-day simple moving average is $1.82 and its 200 day simple moving average is $2.03.

Wheels Up Experience (NYSE:UP) last announced its earnings results on Thursday, November 7th. The company reported ($0.08) 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 $193.90 million during the quarter.

Insiders Place Their Bets

In related news, Director Donald Lee Moak sold 20,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $2.50, for a total value of $50,000.00. Following the completion of the sale, the director now directly owns 130,231 shares in the company, valued at approximately $325,577.50. This represents a 13.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Wheels Up Experience

A number of hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Wheels Up Experience by 57.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,965,280 shares of the company’s stock valued at $4,757,000 after buying an additional 718,411 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Wheels Up Experience by 277.2% in the 3rd 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 in the last quarter. State Street Corp boosted its stake in shares of Wheels Up Experience by 41.9% in the 3rd quarter. State Street Corp now owns 1,322,891 shares of the company’s stock valued at $3,201,000 after purchasing an additional 390,414 shares in the last quarter. Barclays PLC grew its holdings in shares of Wheels Up Experience by 320.8% in the 3rd quarter. Barclays PLC now owns 127,939 shares of the company’s stock worth $309,000 after purchasing an additional 97,532 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Wheels Up Experience during the 3rd quarter worth about $88,000. 98.20% of the stock is currently owned by institutional investors.

About Wheels Up Experience

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.