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

Wheels Up Experience Inc. (NYSE:UP) was up 5.4% during trading on Thursday . The company traded as high as $1.05 and last traded at $1.07. Approximately 116,043 shares changed hands during mid-day 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 Price Performance

The stock’s fifty day moving average price is $1.44 and its 200 day moving average price is $1.86. The stock has a market capitalization of $764.20 million, a P/E ratio of -2.19 and a beta of 2.42.

Wheels Up Experience (NYSE:UP) last posted its quarterly earnings results 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 return on equity of 796.67% and a negative net margin of 39.97%.

Insider Buying and Selling

In related news, CEO Mark Briffa sold 28,717 shares of the company’s 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 chief executive officer now directly owns 1,090,971 shares of the company’s stock, valued at $1,156,429.26. This represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by insiders.

Institutional Trading of Wheels Up Experience

Hedge funds have recently added to or reduced their stakes in the business. State Street Corp lifted its position in shares of Wheels Up Experience by 41.9% during the third quarter. State Street Corp now owns 1,322,891 shares of the company’s stock valued at $3,201,000 after buying an additional 390,414 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Wheels Up Experience by 57.6% during the third 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Wheels Up Experience by 277.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 796,827 shares of the company’s stock valued at $1,928,000 after buying an additional 585,589 shares during the last quarter. Barclays PLC lifted its position in shares of Wheels Up Experience by 320.8% during the third quarter. Barclays PLC now owns 127,939 shares of the company’s stock valued at $309,000 after buying an additional 97,532 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of Wheels Up Experience during the third quarter valued at about $41,000. 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.