The Vanguard Group, Inc. has recently announced that it has increased stake in Wheels Up Experience Inc. (NYSE:UP) by 0.82%. After grabbing 8.81 million shares, the institutional investor is now in possession of 71550.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 3.51% having worth around $4.08 million. Moreover, Geode Capital Management LLC increased its share by 75095.0 to have a control over 3.13 million shares. And SSgA Funds Management, Inc. raised its holdings to 54421.0 shares by acquiring 2.79 million shares or 1.11% of the stake.
Wheels Up Experience Inc. (UP) concluded trading on 05/24/23 at a closing price of $0.33, with 1.17 million shares of worth about $0.38 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -75.43% during that period and on Wednesday the price saw a loss of about -8.85%. Currently the company’s common shares owned by public are about 253.34M shares, out of which, 221.76M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 21 times over the past 12 months. They bought 5,498,864 shares in 15 of the transactions. In 6 selling transactions, insiders dumped 3,557,629 shares.
Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Wheels Up Experience Inc. Vanguard Total Stock Market ETF is currently holding 5.23 million shares of worth totaling $2.42 million. The company recently came buying 0.0 shares which brought its stake up to 2.08% of the company’s outstanding shares. iShares Russell 2000 ETF sold 49760.0 shares, after which its hold over company’s outstanding shares shrunk to 1.35%, leaving 3.4 million shares with the mutual fund that have a worth of about $1.57 million. Vanguard Extended Market Index Fu, after buying 2.54 million shares, have now control over 1.01% of the stake in the company. It holds 0.0 shares of worth $1.18 million.
Wheels Up Experience Inc. (NYSE: UP) started trading at $0.37, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 0.3700, or with a loss of -8.85%. Stock saw a price change of 1.10% in past 5 days and over the past one month there was a price change of -27.83%. Year-to-date (YTD), UP shares are showing a performance of -67.80% which decreased to -86.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.25 but also hit the highest price of $2.88 during that period. The average intraday trading volume for Wheels Up Experience Inc. shares is 2.01 million. The stock is currently trading -14.34% below its 20-day simple moving average (SMA20), while that difference is down -36.16% for SMA50 and it goes to -72.33% lower than SMA200.
The Vanguard Group, Inc. acquired 8.81 million shares of Wheels Up Experience Inc. having value of about $4.08 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 71550.0 shares in the company valued at close to $23611.5, or have control over 0.82% stake in the company. Wheels Up Experience Inc. (NYSE: UP) currently have 253.34M outstanding shares and institutions hold larger chunk of about 52.30% of that. Holding of mutual funds in the company is about 13.37% while other institutional holders and individual stake holders have control over 16.19% and 10.41% of the stake respectively.
The stock has a current market capitalization of $82.77M. It has posted earnings per share of -$2.30 in the same period. It has Quick Ratio of 0.40 while making debt-to-equity ratio of 1.52. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for UP, volatility over the week remained 15.03% while standing at 17.48% over the month.
Analysts are in expectations that Wheels Up Experience Inc. (UP) stock would likely to be making an EPS of -$0.29 in the current quarter, while forecast for next quarter EPS is -$0.23 and it is -$0.62 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.39 which is -$0.24 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.25 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -143.50% while it is estimated to increase by 35.40% in next year.
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