Stratos Wealth Partners LTD. Acquires 41,720 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE)

Stratos Wealth Partners LTD. lifted its position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 114.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,080 shares of the company’s stock after acquiring an additional 41,720 shares during the period. Stratos Wealth Partners LTD. owned approximately 0.10% of Blade Air Mobility worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in BLDE. Cobblestone Capital Advisors LLC NY bought a new stake in shares of Blade Air Mobility during the 3rd quarter worth approximately $35,000. Intech Investment Management LLC acquired a new position in Blade Air Mobility during the 3rd quarter worth approximately $52,000. SG Americas Securities LLC acquired a new position in Blade Air Mobility during the 3rd quarter worth approximately $52,000. Zacks Investment Management acquired a new position in Blade Air Mobility during the 3rd quarter worth approximately $89,000. Finally, Stifel Financial Corp increased its position in Blade Air Mobility by 18.9% during the 3rd quarter. Stifel Financial Corp now owns 35,755 shares of the company’s stock worth $105,000 after purchasing an additional 5,683 shares in the last quarter. Institutional investors own 47.36% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Blade Air Mobility

In related news, CFO William A. Heyburn sold 103,670 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $5.02, for a total transaction of $520,423.40. Following the transaction, the chief financial officer now directly owns 1,223,120 shares of the company’s stock, valued at $6,140,062.40. This represents a 7.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Melissa M. Tomkiel sold 22,135 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $5.02, for a total transaction of $111,117.70. Following the transaction, the general counsel now directly owns 1,061,626 shares in the company, valued at approximately $5,329,362.52. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 300,633 shares of company stock worth $1,451,838 over the last three months. 17.50% of the stock is owned by company insiders.

Blade Air Mobility Stock Performance

Shares of NASDAQ BLDE opened at $3.58 on Thursday. Blade Air Mobility, Inc. has a 52-week low of $2.45 and a 52-week high of $5.17. The firm has a 50 day moving average price of $4.10 and a two-hundred day moving average price of $3.61. The stock has a market cap of $280.35 million, a P/E ratio of -5.19 and a beta of 1.14.

Blade Air Mobility 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.