Barclays PLC Buys 56,079 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE)

Barclays PLC boosted its position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 50.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 166,154 shares of the company’s stock after acquiring an additional 56,079 shares during the period. Barclays PLC owned 0.21% of Blade Air Mobility worth $488,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BLDE. Sei Investments Co. purchased a new stake in shares of Blade Air Mobility in the second quarter worth $38,000. EverSource Wealth Advisors LLC purchased a new stake in Blade Air Mobility in the 2nd quarter worth $40,000. Cobblestone Capital Advisors LLC NY purchased a new stake in shares of Blade Air Mobility during the third quarter worth about $35,000. SG Americas Securities LLC purchased a new stake in Blade Air Mobility during the 3rd quarter valued at approximately $52,000. Finally, Intech Investment Management LLC purchased a new position in Blade Air Mobility during the third quarter valued at $52,000. Hedge funds and other institutional investors own 47.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Blade Air Mobility news, General Counsel Melissa M. Tomkiel sold 44,621 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $3.40, for a total value of $151,711.40. Following the transaction, the general counsel now owns 1,173,003 shares of the company’s stock, valued at $3,988,210.20. This represents a 3.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO William A. Heyburn sold 103,670 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.02, for a total transaction of $520,423.40. Following the completion of the transaction, the chief financial officer now owns 1,223,120 shares in the company, valued at approximately $6,140,062.40. The trade was a 7.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,445,254 shares of company stock worth $8,365,549 over the last three months. 18.00% of the stock is owned by insiders.

Blade Air Mobility Price Performance

NASDAQ:BLDE opened at $4.11 on Friday. The firm has a market capitalization of $321.85 million, a price-to-earnings ratio of -5.96 and a beta of 1.14. The business has a 50 day simple moving average of $4.07 and a 200-day simple moving average of $3.57. Blade Air Mobility, Inc. has a 1 year low of $2.45 and a 1 year high of $5.17.

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.