Geode Capital Management LLC Acquires 718,411 Shares of Wheels Up Experience Inc. (NYSE:UP)

Geode Capital Management LLC grew its position in Wheels Up Experience Inc. (NYSE:UP) by 57.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,965,280 shares of the company’s stock after acquiring an additional 718,411 shares during the period. Geode Capital Management LLC owned about 0.28% of Wheels Up Experience worth $4,757,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Koss Olinger Consulting LLC bought a new position in shares of Wheels Up Experience during the third quarter worth approximately $26,000. Renaissance Technologies LLC acquired a new position in shares of Wheels Up Experience during the 2nd quarter worth $28,000. Stifel Financial Corp acquired a new position in Wheels Up Experience during the 3rd quarter worth approximately $41,000. CIBC Asset Management Inc bought a new stake in Wheels Up Experience during the 2nd quarter worth $37,000. Finally, SG Americas Securities LLC acquired a new position in Wheels Up Experience in the 3rd quarter valued at approximately $56,000. 98.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Wheels Up Experience

In related news, Director Donald Lee Moak sold 20,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $2.50, for a total transaction of $50,000.00. Following the transaction, the director now directly owns 130,231 shares of the company’s stock, valued at $325,577.50. This represents a 13.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.

Wheels Up Experience Price Performance

Shares of UP opened at $1.82 on Monday. Wheels Up Experience Inc. has a 1 year low of $1.55 and a 1 year high of $5.10. The company has a debt-to-equity ratio of 238.01, a current ratio of 0.31 and a quick ratio of 0.22. The business has a 50-day moving average of $2.05 and a 200-day moving average of $2.24. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -3.64 and a beta of 2.32.

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.