Hsbc Holdings PLC Has $35,000 Stake in Wheels Up Experience Inc. (NYSE:UP)

Hsbc Holdings PLC increased its position in shares of Wheels Up Experience Inc. (NYSE:UP) by 97.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 21,775 shares of the company’s stock after purchasing an additional 10,740 shares during the period. Hsbc Holdings PLC’s holdings in Wheels Up Experience were worth $35,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of UP. Barclays PLC increased its holdings in shares of Wheels Up Experience by 320.8% in the third quarter. Barclays PLC now owns 127,939 shares of the company’s stock valued at $309,000 after purchasing an additional 97,532 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Wheels Up Experience by 110.7% in the fourth quarter. SG Americas Securities LLC now owns 48,527 shares of the company’s stock valued at $80,000 after purchasing an additional 25,495 shares during the last quarter. Corient Private Wealth LLC acquired a new position in shares of Wheels Up Experience in the fourth quarter valued at $339,000. CIBC Private Wealth Group LLC increased its holdings in shares of Wheels Up Experience by 48,303.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 75,025 shares of the company’s stock valued at $119,000 after purchasing an additional 74,870 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Wheels Up Experience by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,978,652 shares of the company’s stock valued at $3,266,000 after purchasing an additional 13,372 shares during the last quarter. 98.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO of Air Partner Mark Briffa sold 28,717 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1.06, for a total value of $30,440.02. Following the completion of the sale, the insider now owns 1,090,971 shares of the company’s stock, valued at approximately $1,156,429.26. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

Wheels Up Experience Price Performance

NYSE:UP opened at $1.53 on Tuesday. Wheels Up Experience Inc. has a one year low of $0.74 and a one year high of $4.59. The company has a market cap of $1.07 billion, a P/E ratio of -3.05 and a beta of 2.35. The firm’s fifty day moving average price is $1.00 and its two-hundred day moving average price is $1.52.

Wheels Up Experience (NYSE:UP) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.11) 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 company had revenue of $177.53 million during the quarter.

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.