Geode Capital Management LLC grew its holdings in Blade Air Mobility, Inc. (NASDAQ:BLDE – Free Report) by 4.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,375,295 shares of the company’s stock after purchasing an additional 52,274 shares during the quarter. Geode Capital Management LLC’s holdings in Blade Air Mobility were worth $4,044,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in BLDE. Cerity Partners LLC lifted its stake in shares of Blade Air Mobility by 610.0% in the third quarter. Cerity Partners LLC now owns 303,439 shares of the company’s stock valued at $892,000 after buying an additional 260,699 shares during the period. ARK Investment Management LLC boosted its holdings in Blade Air Mobility by 12.0% during the third quarter. ARK Investment Management LLC now owns 7,217,251 shares of the company’s stock valued at $21,219,000 after purchasing an additional 774,114 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Blade Air Mobility by 18.9% in the 3rd quarter. Stifel Financial Corp now owns 35,755 shares of the company’s stock valued at $105,000 after purchasing an additional 5,683 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Blade Air Mobility by 24.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 937,856 shares of the company’s stock worth $3,264,000 after buying an additional 181,630 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Blade Air Mobility by 42.4% in the 2nd quarter. AQR Capital Management LLC now owns 546,630 shares of the company’s stock worth $1,902,000 after purchasing an additional 162,867 shares during the last quarter. 47.36% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. boosted their price objective on Blade Air Mobility from $5.00 to $6.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th.
Insider Activity
In other Blade Air Mobility news, General Counsel Melissa M. Tomkiel sold 44,621 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $3.40, for a total value of $151,711.40. Following the completion of the sale, the general counsel now directly owns 1,173,003 shares in the company, valued at $3,988,210.20. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William A. Heyburn sold 23,815 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $5.02, for a total transaction of $119,551.30. Following the sale, the chief financial officer now owns 1,376,111 shares in the company, valued at $6,908,077.22. This trade represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,341,584 shares of company stock valued at $7,845,126 over the last three months. 17.50% of the stock is owned by insiders.
Blade Air Mobility Stock Up 12.7 %
Shares of NASDAQ:BLDE opened at $4.79 on Monday. Blade Air Mobility, Inc. has a 12 month low of $2.45 and a 12 month high of $5.17. The firm has a market cap of $375.12 million, a P/E ratio of -6.94 and a beta of 1.13. The company’s 50-day moving average price is $3.98 and its two-hundred day moving average price is $3.51.
About Blade Air Mobility
Blade Air Mobility, Inc provides air transportation alternatives to the congested ground routes in the United States. It provides its services through charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes. The company was founded in 2014 and is headquartered in New York, New York.
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