Wheels Up Experience Inc. (NYSE:UP) Ceo Of Air Partner Sells $30,440.02 in Stock

Wheels Up Experience Inc. (NYSE:UP) Ceo Of Air Partner Mark Briffa sold 28,717 shares of Wheels Up Experience 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 sale, the insider now owns 1,090,971 shares in the company, valued at approximately $1,156,429.26. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Wheels Up Experience Stock Down 2.2 %

NYSE:UP opened at $1.10 on Thursday. The firm’s fifty day simple moving average is $1.40 and its 200-day simple moving average is $1.84. The stock has a market cap of $764.20 million, a PE ratio of -2.19 and a beta of 2.42. Wheels Up Experience Inc. has a fifty-two week low of $0.95 and a fifty-two week 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 for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%. The company had revenue of $204.82 million for the quarter.

Hedge Funds Weigh In On Wheels Up Experience

Several hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC raised its stake in shares of Wheels Up Experience by 97.3% during 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. Stifel Financial Corp purchased a new position in shares of Wheels Up Experience during the third quarter valued at approximately $41,000. Wells Fargo & Company MN grew its stake 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 acquiring an additional 14,299 shares during the period. SG Americas Securities LLC raised 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 valued at $80,000 after acquiring an additional 25,495 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Wheels Up Experience during the 3rd quarter worth $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 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.