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

Barclays PLC grew its position in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 50.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,154 shares of the company’s stock after purchasing an additional 56,079 shares during the quarter. Barclays PLC owned approximately 0.21% of Blade Air Mobility worth $488,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. ARK Investment Management LLC boosted its stake in shares of Blade Air Mobility by 12.0% in the 3rd 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. State Street Corp grew its stake in shares of Blade Air Mobility by 2.5% during the third quarter. State Street Corp now owns 1,280,842 shares of the company’s stock valued at $3,766,000 after buying an additional 31,313 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Blade Air Mobility by 24.0% in the second 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 during the period. AQR Capital Management LLC lifted its stake 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 valued at $1,902,000 after acquiring an additional 162,867 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in Blade Air Mobility by 245.6% during the 3rd 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 during the period. 47.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Blade Air Mobility Stock Performance

NASDAQ BLDE opened at $4.25 on Friday. The stock has a market cap of $332.83 million, a P/E ratio of -6.16 and a beta of 1.13. Blade Air Mobility, Inc. has a fifty-two week low of $2.45 and a fifty-two week high of $5.17. The stock has a 50 day simple moving average of $3.96 and a two-hundred day simple moving average of $3.50.

Insider Activity

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

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.