Wheels Up Experience (NYSE:UP) Stock Price Down 4.3% – Should You Sell?

Shares of Wheels Up Experience Inc. (NYSE:UP) traded down 4.3% on Tuesday . The company traded as low as $0.94 and last traded at $0.92. 37,601 shares traded hands during trading, a decline of 96% from the average session volume of 1,029,273 shares. The stock had previously closed at $0.96.

Wheels Up Experience Price Performance

The firm has a 50 day moving average of $1.24 and a 200-day moving average of $1.75. The stock has a market capitalization of $599.56 million, a P/E ratio of -1.72 and a beta of 2.39.

Wheels Up Experience (NYSE:UP) last issued its earnings results on Tuesday, March 11th. The company reported ($0.09) EPS for the quarter. Wheels Up Experience had a negative net margin of 39.97% and a negative return on equity of 796.67%. The firm had revenue of $204.82 million during the quarter.

Insider Transactions at Wheels Up Experience

In other news, CEO of Air Partner Mark Briffa sold 28,717 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1.06, for a total value of $30,440.02. Following the completion of the transaction, the insider now directly owns 1,090,971 shares of the company’s stock, valued at approximately $1,156,429.26. This represents a 2.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

Institutional Trading of Wheels Up Experience

A number of large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC boosted 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 in the last quarter. Geode Capital Management LLC grew its stake in Wheels Up Experience by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,978,652 shares of the company’s stock worth $3,266,000 after buying an additional 13,372 shares during the last quarter. Barclays PLC grew its stake in Wheels Up Experience by 11.0% during the fourth quarter. Barclays PLC now owns 142,056 shares of the company’s stock worth $234,000 after buying an additional 14,117 shares during the last quarter. Wells Fargo & Company MN increased 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 worth $71,000 after buying an additional 14,299 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Wheels Up Experience in the third quarter valued at approximately $41,000. 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 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.