Wheels Up Experience (NYSE:UP) Stock Price Down 4.1%

Wheels Up Experience Inc. (NYSE:UP)’s stock price fell 4.1% during mid-day trading on Friday . The company traded as low as $2.52 and last traded at $2.55. 205,216 shares changed hands during trading, a decline of 75% from the average session volume of 822,906 shares. The stock had previously closed at $2.66.

Wheels Up Experience Stock Down 7.1 %

The company has a current ratio of 0.48, a quick ratio of 0.45 and a debt-to-equity ratio of 2.41. The stock has a 50-day moving average of $2.89 and a 200-day moving average of $2.64. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of -0.18 and a beta of 2.21.

Wheels Up Experience (NYSE:UP) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.60) by $2.47. Wheels Up Experience had a negative return on equity of 291.29% and a negative net margin of 38.89%. The company had revenue of $246.38 million during the quarter.

Insider Activity

In other news, insider Laura Heltebran sold 28,413 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $2.54, for a total transaction of $72,169.02. Following the sale, the insider now directly owns 37,707 shares of the company’s stock, valued at $95,775.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

Institutional Trading of Wheels Up Experience

Several large investors have recently made changes to their positions in the stock. CCG Wealth Management LLC bought a new stake in shares of Wheels Up Experience during the 1st quarter worth about $287,000. Cannon Global Investment Management LLC bought a new stake in Wheels Up Experience during the 1st quarter valued at approximately $145,000. CVA Family Office LLC bought a new stake in Wheels Up Experience during the 1st quarter valued at approximately $175,000. Quadrature Capital Ltd bought a new stake in Wheels Up Experience during the 4th quarter valued at approximately $34,000. Finally, Vanguard Group Inc. boosted its stake in Wheels Up Experience by 504.2% during the 4th quarter. Vanguard Group Inc. now owns 5,004,355 shares of the company’s stock valued at $17,165,000 after purchasing an additional 4,176,052 shares during the period. Institutional investors own 98.20% of the company’s stock.

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.