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

Wheels Up Experience Inc. (NYSE:UP) CEO Mark Briffa sold 28,717 shares of Wheels Up Experience stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $1.06, for a total transaction of $30,440.02. Following the completion of the transaction, the chief executive officer now directly owns 1,090,971 shares in the company, 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 SEC, which is accessible through the SEC website.

Wheels Up Experience Trading Down 1.4 %

NYSE UP opened at $1.10 on Friday. The firm’s fifty day simple moving average is $1.44 and its two-hundred day simple moving average is $1.86. Wheels Up Experience Inc. has a 12-month low of $0.95 and a 12-month high of $4.59. The firm 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 released its quarterly earnings results on Tuesday, March 11th. The company reported ($0.09) earnings per share (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 $204.82 million during the quarter.

Institutional Investors Weigh In On Wheels Up Experience

A number of large investors have recently made changes to their positions in UP. Hsbc Holdings PLC grew its holdings in shares of Wheels Up Experience by 97.3% during the fourth quarter. Hsbc Holdings PLC now owns 21,775 shares of the company’s stock valued at $35,000 after buying an additional 10,740 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of Wheels Up Experience during the third quarter valued at $41,000. Wells Fargo & Company MN grew its holdings in shares of Wheels Up Experience by 49.6% during the fourth quarter. Wells Fargo & Company MN now owns 43,147 shares of the company’s stock valued at $71,000 after buying an additional 14,299 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Wheels Up Experience by 110.7% during the fourth quarter. SG Americas Securities LLC now owns 48,527 shares of the company’s stock valued at $80,000 after buying an additional 25,495 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Wheels Up Experience during the third quarter valued at $88,000. 98.20% of the stock is owned by hedge funds and other institutional investors.

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.