IQ EQ FUND MANAGEMENT IRELAND Ltd Buys 110,177 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE)

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in Blade Air Mobility, Inc. (NASDAQ:BLDE - Free Report) by 239.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 156,121 shares of the company's stock after buying an additional 110,177 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.20% of Blade Air Mobility worth $664,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BLDE. ARK Investment Management LLC raised its stake in Blade Air Mobility by 11.6% in the fourth quarter. ARK Investment Management LLC now owns 8,051,099 shares of the company's stock valued at $34,217,000 after buying an additional 833,848 shares during the period. First Eagle Investment Management LLC acquired a new position in shares of Blade Air Mobility during the 4th quarter worth approximately $2,278,000. Royce & Associates LP bought a new stake in Blade Air Mobility in the 4th quarter valued at $2,091,000. Cerity Partners LLC lifted its holdings in Blade Air Mobility by 610.0% during the 3rd quarter. Cerity Partners LLC now owns 303,439 shares of the company's stock valued at $892,000 after purchasing an additional 260,699 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Blade Air Mobility during the 4th quarter valued at $833,000. 47.36% of the stock is owned by institutional investors.

Blade Air Mobility Stock Up 1.6 %

Shares of Blade Air Mobility stock traded up $0.05 on Wednesday, hitting $2.85. The stock had a trading volume of 126,783 shares, compared to its average volume of 704,786. The stock has a market cap of $226.73 million, a price-to-earnings ratio of -4.13 and a beta of 1.22. Blade Air Mobility, Inc. has a twelve month low of $2.60 and a twelve month high of $5.17. The business's 50 day moving average is $3.43 and its two-hundred day moving average is $3.66.

Remove Ads

Insider Buying and Selling at Blade Air Mobility

In other Blade Air Mobility news, CFO William A. Heyburn sold 103,670 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $5.02, for a total value of $520,423.40. Following the completion of the sale, the chief financial officer now owns 1,223,120 shares of the company's stock, valued at $6,140,062.40. The trade was a 7.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 17.50% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital started coverage on shares of Blade Air Mobility in a report on Wednesday, February 26th. They issued a "buy" rating and a $6.50 price objective on the stock.

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.