Blade Air Mobility, Inc. (NASDAQ:BLDE) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Blade Air Mobility, Inc. (NASDAQ:BLDE) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,375,295 shares of the company’s stock after purchasing an additional 52,274 shares during the quarter. Geode Capital Management LLC owned about 1.76% of Blade Air Mobility worth $4,044,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BLDE. Cobblestone Capital Advisors LLC NY bought a new position in Blade Air Mobility during the third quarter valued at about $35,000. Sei Investments Co. bought a new stake in shares of Blade Air Mobility during the 2nd quarter worth $38,000. EverSource Wealth Advisors LLC acquired a new position in shares of Blade Air Mobility in the 2nd quarter worth $40,000. SG Americas Securities LLC purchased a new stake in shares of Blade Air Mobility during the third quarter valued at $52,000. Finally, Intech Investment Management LLC acquired a new position in shares of Blade Air Mobility in the 3rd quarter valued at $52,000. Institutional investors own 47.36% of the company’s stock.

Blade Air Mobility Trading Up 12.7 %

NASDAQ:BLDE opened at $4.79 on Monday. Blade Air Mobility, Inc. has a 1-year low of $2.45 and a 1-year high of $5.17. The firm has a market capitalization of $375.12 million, a price-to-earnings ratio of -6.94 and a beta of 1.13. The business’s fifty day moving average price is $3.98 and its 200 day moving average price is $3.51.

Analysts Set New Price Targets

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

Insider Activity

In other news, General Counsel Melissa M. Tomkiel sold 89,242 shares of Blade Air Mobility stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $4.38, for a total transaction of $390,879.96. Following the completion of the sale, the general counsel now directly owns 1,083,761 shares in the company, valued at $4,746,873.18. The trade was a 7.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert S. Wiesenthal sold 2,100,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $3.22, for a total transaction of $6,762,000.00. Following the transaction, the chief executive officer now owns 4,812,892 shares in the company, valued at $15,497,512.24. This represents a 30.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,341,584 shares of company stock worth $7,845,126 in the last 90 days. Company 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.