Blade Air Mobility, Inc. (NASDAQ:BLDE) Position Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 3.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 138,561 shares of the company’s stock after acquiring an additional 4,118 shares during the period. Bank of New York Mellon Corp’s holdings in Blade Air Mobility were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Cerity Partners LLC grew its position in Blade Air Mobility by 610.0% in the 3rd quarter. Cerity Partners LLC now owns 303,439 shares of the company’s stock worth $892,000 after purchasing an additional 260,699 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Blade Air Mobility by 15.4% during the third quarter. Tidal Investments LLC now owns 655,616 shares of the company’s stock valued at $1,928,000 after buying an additional 87,496 shares during the last quarter. Maven Securities LTD acquired a new position in shares of Blade Air Mobility during the third quarter worth approximately $206,000. XTX Topco Ltd grew its holdings in Blade Air Mobility by 384.7% in the 3rd quarter. XTX Topco Ltd now owns 73,763 shares of the company’s stock worth $217,000 after buying an additional 58,545 shares in the last quarter. Finally, Barclays PLC increased its position in Blade Air Mobility by 50.9% in the 3rd quarter. Barclays PLC now owns 166,154 shares of the company’s stock valued at $488,000 after acquiring an additional 56,079 shares during the period. 47.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Blade Air Mobility

In related news, CFO William A. Heyburn sold 103,670 shares of the firm’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 of the company’s stock, valued at $6,140,062.40. This trade represents a 7.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 18.00% of the company’s stock.

Blade Air Mobility Trading Down 2.3 %

BLDE stock opened at $2.97 on Friday. The firm’s 50-day moving average is $3.51 and its two-hundred day moving average is $3.66. The company has a market capitalization of $236.69 million, a price-to-earnings ratio of -4.30 and a beta of 1.22. Blade Air Mobility, Inc. has a 52 week low of $2.60 and a 52 week high of $5.17.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital began coverage on Blade Air Mobility in a research report on Wednesday, February 26th. They set a “buy” rating and a $6.50 price target for the company.

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.