Bank of America Corp DE Purchases 30,919 Shares of Wheels Up Experience Inc. (NYSE:UP)

Bank of America Corp DE boosted its position in shares of Wheels Up Experience Inc. (NYSE:UP) by 72.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,560 shares of the company’s stock after acquiring an additional 30,919 shares during the quarter. Bank of America Corp DE’s holdings in Wheels Up Experience were worth $121,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new position in shares of Wheels Up Experience in the fourth quarter valued at 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 valued at $1,387,000 after purchasing an additional 81,293 shares during the period. 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 valued at $35,000 after purchasing an additional 10,740 shares during the period. First Trust Advisors LP bought a new position in shares of Wheels Up Experience in the fourth quarter valued at about $1,264,000. Finally, Marshall Wace LLP bought a new position in shares of Wheels Up Experience in the fourth quarter valued at about $115,000. 98.20% of the stock is owned by institutional investors.

Wheels Up Experience Price Performance

Shares of UP opened at $1.36 on Tuesday. The firm has a market capitalization of $946.86 million, a PE ratio of -2.71 and a beta of 2.38. The company’s 50-day moving average is $1.25 and its 200-day moving average is $1.40. Wheels Up Experience Inc. has a fifty-two week low of $0.74 and a fifty-two week high of $4.59.

Wheels Up Experience (NYSE:UP) last released its quarterly earnings results 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 business had revenue of $177.53 million during the quarter.

Wheels Up Experience 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.