Blade Air Mobility, Inc. (NASDAQ:BLDE) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 6.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 170,117 shares of the company’s stock after buying an additional 10,272 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.22% of Blade Air Mobility worth $500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in BLDE. CWM LLC lifted its holdings in shares of Blade Air Mobility by 764.5% during the 2nd quarter. CWM LLC now owns 7,374 shares of the company’s stock worth $26,000 after acquiring an additional 6,521 shares during the period. Sei Investments Co. acquired a new position in Blade Air Mobility during the second quarter worth approximately $38,000. EverSource Wealth Advisors LLC purchased a new position in Blade Air Mobility during the second quarter worth approximately $40,000. 1620 Investment Advisors Inc. acquired a new position in shares of Blade Air Mobility in the 2nd quarter valued at $50,000. Finally, SG Americas Securities LLC acquired a new position in shares of Blade Air Mobility in the 3rd quarter valued at $52,000. 47.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, CFO William A. Heyburn sold 39,285 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $5.02, for a total value of $197,210.70. Following the completion of the sale, the chief financial officer now owns 1,336,826 shares of the company’s stock, valued at $6,710,866.52. This represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Melissa M. Tomkiel sold 22,486 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $5.01, for a total transaction of $112,654.86. Following the completion of the transaction, the general counsel now directly owns 1,039,140 shares in the company, valued at approximately $5,206,091.40. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,341,584 shares of company stock valued at $7,845,126. 18.00% of the stock is currently owned by corporate insiders.

Blade Air Mobility Price Performance

Blade Air Mobility stock opened at $3.92 on Friday. Blade Air Mobility, Inc. has a 12 month low of $2.45 and a 12 month high of $5.17. The company has a market cap of $306.99 million, a price-to-earnings ratio of -5.68 and a beta of 1.13. The stock’s 50-day moving average is $3.83 and its 200-day moving average is $3.41.

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.