Wheels Up Experience Inc. (NYSE:UP - Get Free Report) CEO Mark Briffa sold 28,717 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $1.06, for a total transaction of $30,440.02. Following the completion of the sale, the chief executive officer now directly owns 1,090,971 shares in the company, valued at approximately $1,156,429.26. The trade was a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Wheels Up Experience Stock Performance
NYSE:UP opened at $1.10 on Friday. Wheels Up Experience Inc. has a one year low of $0.95 and a one year high of $4.59. The firm has a market cap of $764.20 million, a price-to-earnings ratio of -2.19 and a beta of 2.42. The firm's fifty day moving average is $1.44 and its two-hundred day moving average is $1.86.
Wheels Up Experience (NYSE:UP - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The company reported ($0.09) EPS for the quarter. The business had revenue of $204.82 million during the quarter. Wheels Up Experience had a negative net margin of 39.97% and a negative return on equity of 796.67%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Focus Partners Wealth acquired a new position in shares of Wheels Up Experience in the fourth quarter worth about $110,000. Bank of America Corp DE raised its position in shares of Wheels Up Experience by 72.5% in the fourth quarter. Bank of America Corp DE now owns 73,560 shares of the company's stock worth $121,000 after acquiring an additional 30,919 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Wheels Up Experience in the fourth quarter worth about $199,000. Northern Trust Corp raised its position in shares of Wheels Up Experience by 10.7% in the fourth quarter. Northern Trust Corp now owns 840,804 shares of the company's stock worth $1,387,000 after acquiring an additional 81,293 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of Wheels Up Experience by 97.3% in the fourth quarter. Hsbc Holdings PLC now owns 21,775 shares of the company's stock worth $35,000 after acquiring an additional 10,740 shares during the period. Institutional investors and hedge funds own 98.20% of the company's stock.
About Wheels Up Experience
(
Get Free Report)
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.
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