Wheels Up Experience (NYSE:UP) Shares Down 5.5% – What’s Next?

Wheels Up Experience Inc. (NYSE:UP)’s share price dropped 5.5% during trading on Friday . The stock traded as low as $1.10 and last traded at $1.13. Approximately 884,125 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 1,004,498 shares. The stock had previously closed at $1.19.

Wheels Up Experience Price Performance

The stock has a market capitalization of $771.18 million, a P/E ratio of -2.21 and a beta of 2.42. The firm has a 50-day simple moving average of $1.50 and a 200 day simple moving average of $1.88.

Hedge Funds Weigh In On Wheels Up Experience

A number of hedge funds have recently made changes to their positions in the stock. Focus Partners Wealth bought a new position in shares of Wheels Up Experience during the fourth quarter worth about $110,000. Bank of America Corp DE raised its position in shares of Wheels Up Experience by 72.5% during 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 last quarter. BNP Paribas Financial Markets bought a new position in shares of Wheels Up Experience during the fourth quarter worth about $199,000. Northern Trust Corp raised its position in shares of Wheels Up Experience by 10.7% during 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 last quarter. Finally, Hsbc Holdings PLC raised its position 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 worth $35,000 after acquiring an additional 10,740 shares during the last quarter. 98.20% of the stock is currently owned by 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.