Barclays PLC Grows Stock Holdings in Blade Air Mobility, Inc. (NASDAQ:BLDE)

Barclays PLC boosted its holdings in Blade Air Mobility, Inc. (NASDAQ:BLDE) by 50.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 166,154 shares of the company’s stock after purchasing an additional 56,079 shares during the quarter. Barclays PLC’s holdings in Blade Air Mobility were worth $488,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BLDE. ARK Investment Management LLC grew its holdings in Blade Air Mobility by 12.0% during the 3rd quarter. ARK Investment Management LLC now owns 7,217,251 shares of the company’s stock valued at $21,219,000 after buying an additional 774,114 shares in the last quarter. GSA Capital Partners LLP grew its stake in Blade Air Mobility by 245.6% during the third quarter. GSA Capital Partners LLP now owns 378,240 shares of the company’s stock valued at $1,112,000 after acquiring an additional 268,802 shares in the last quarter. Cerity Partners LLC increased its holdings in Blade Air Mobility by 610.0% in the 3rd quarter. Cerity Partners LLC now owns 303,439 shares of the company’s stock valued at $892,000 after acquiring an additional 260,699 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 181,630 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Blade Air Mobility by 42.4% during the 2nd quarter. AQR Capital Management LLC now owns 546,630 shares of the company’s stock valued at $1,902,000 after purchasing an additional 162,867 shares during the last quarter. 47.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their target price on Blade Air Mobility from $5.00 to $6.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th.

Blade Air Mobility Price Performance

Shares of BLDE opened at $4.25 on Friday. The stock has a market capitalization of $332.83 million, a price-to-earnings ratio of -6.16 and a beta of 1.13. Blade Air Mobility, Inc. has a 1 year low of $2.45 and a 1 year high of $5.17. The business’s 50 day simple moving average is $3.96 and its 200-day simple moving average is $3.50.

Insider Buying and Selling

In other news, CEO Robert S. Wiesenthal sold 2,100,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $3.22, for a total value of $6,762,000.00. Following the completion of the sale, the chief executive officer now directly owns 4,812,892 shares of the company’s stock, valued at $15,497,512.24. This trade represents a 30.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Melissa M. Tomkiel sold 44,621 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $3.40, for a total value of $151,711.40. Following the sale, the general counsel now owns 1,173,003 shares in the company, valued at $3,988,210.20. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,341,584 shares of company stock worth $7,845,126. Insiders own 17.50% of the company’s stock.

Blade Air Mobility Company Profile

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.