Wheels Up Experience (NYSE:UP) Stock Price Up 4% – Time to Buy?

Wheels Up Experience Inc. (NYSE:UP)’s stock price traded up 4% during trading on Tuesday . The company traded as high as $1.43 and last traded at $1.43. 188,340 shares changed hands during trading, a decline of 82% from the average session volume of 1,060,484 shares. The stock had previously closed at $1.37.

Wheels Up Experience Price Performance

The business’s 50 day moving average price is $1.25 and its 200-day moving average price is $1.40. The company has a market cap of $1.03 billion, a P/E ratio of -2.95 and a beta of 2.38.

Wheels Up Experience (NYSE:UP) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.11) EPS for the quarter. The firm had revenue of $177.53 million for the quarter. Wheels Up Experience had a negative net margin of 39.97% and a negative return on equity of 796.67%.

Hedge Funds Weigh In On Wheels Up Experience

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UP. Hsbc Holdings PLC increased its stake 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 acquiring an additional 10,740 shares during the period. Byrne Asset Management LLC acquired a new position in shares of Wheels Up Experience during the first quarter worth about $27,000. EWA LLC bought a new stake in Wheels Up Experience in the 1st quarter valued at $43,000. Wells Fargo & Company MN lifted its holdings in shares of Wheels Up Experience by 49.6% during the 4th quarter. Wells Fargo & Company MN now owns 43,147 shares of the company’s stock worth $71,000 after acquiring an additional 14,299 shares during the period. Finally, Focus Partners Wealth acquired a new position in shares of Wheels Up Experience in the fourth quarter worth approximately $110,000. Hedge funds and other 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 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.