Wheels Up Experience (NYSE:UP) Stock Price Down 6.5% – What’s Next?

Wheels Up Experience Inc. (NYSE:UP)’s share price was down 6.5% during trading on Tuesday . The company traded as low as $1.52 and last traded at $1.52. Approximately 564,997 shares changed hands during trading, a decline of 47% from the average daily volume of 1,061,084 shares. The stock had previously closed at $1.62.

Wheels Up Experience Price Performance

The business has a 50-day simple moving average of $1.19 and a two-hundred day simple moving average of $1.44. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -3.03 and a beta of 2.38.

Wheels Up Experience (NYSE:UP) last posted its earnings results on Thursday, May 1st. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $177.53 million for the quarter. Wheels Up Experience had a negative return on equity of 796.67% and a negative net margin of 39.97%.

Insider Activity at Wheels Up Experience

In other Wheels Up Experience news, CEO of Air Partner Mark Briffa sold 28,717 shares of Wheels Up Experience stock in a transaction dated 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 $1,156,429.26. The trade was a 2.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

Institutional Trading of Wheels Up Experience

Large investors have recently modified their holdings of the stock. Byrne Asset Management LLC acquired a new position in Wheels Up Experience during the first quarter valued at approximately $27,000. Hsbc Holdings PLC increased its stake in shares of Wheels Up Experience by 97.3% in the 4th quarter. Hsbc Holdings PLC now owns 21,775 shares of the company’s stock valued at $35,000 after purchasing an additional 10,740 shares during the last quarter. EWA LLC acquired a new position in shares of Wheels Up Experience during the 1st quarter worth $43,000. Wells Fargo & Company MN lifted its position in shares of Wheels Up Experience by 49.6% during 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 last quarter. Finally, Deutsche Bank AG lifted its position in shares of Wheels Up Experience by 69.0% during the 1st quarter. Deutsche Bank AG now owns 73,593 shares of the company’s stock worth $74,000 after buying an additional 30,058 shares during the last quarter. 98.20% of the stock is owned by institutional investors and hedge funds.

Wheels Up Experience Company Profile

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.