Nikko Asset Management Americas Inc. Sells 652,145 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE)

Nikko Asset Management Americas Inc. lowered its stake in Blade Air Mobility, Inc. (NASDAQ:BLDE - Free Report) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,100,673 shares of the company's stock after selling 652,145 shares during the period. Nikko Asset Management Americas Inc. owned approximately 3.96% of Blade Air Mobility worth $13,147,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BLDE. Cobblestone Capital Advisors LLC NY bought a new position in Blade Air Mobility during the 3rd quarter worth approximately $35,000. Intech Investment Management LLC bought a new position in shares of Blade Air Mobility in the third quarter worth approximately $52,000. Zacks Investment Management purchased a new position in shares of Blade Air Mobility in the third quarter worth $89,000. SG Americas Securities LLC increased its stake in shares of Blade Air Mobility by 30.0% in the fourth quarter. SG Americas Securities LLC now owns 22,970 shares of the company's stock worth $98,000 after buying an additional 5,297 shares during the period. Finally, Stifel Financial Corp raised its holdings in Blade Air Mobility by 18.9% during the 3rd quarter. Stifel Financial Corp now owns 35,755 shares of the company's stock valued at $105,000 after buying an additional 5,683 shares during the last quarter. Hedge funds and other institutional investors own 47.36% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Insider Activity at Blade Air Mobility

In other Blade Air Mobility news, CFO William A. Heyburn sold 103,670 shares of Blade Air Mobility stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $5.02, for a total transaction of $520,423.40. Following the sale, the chief financial officer now directly owns 1,223,120 shares of the company's stock, valued at approximately $6,140,062.40. The trade was a 7.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 17.50% of the stock is currently owned by company insiders.

Blade Air Mobility Trading Up 0.3 %

Shares of BLDE stock traded up $0.01 during trading hours on Friday, reaching $3.02. The company's stock had a trading volume of 685,178 shares, compared to its average volume of 710,740. Blade Air Mobility, Inc. has a one year low of $2.60 and a one year high of $5.17. The stock has a market capitalization of $236.51 million, a P/E ratio of -4.38 and a beta of 1.22. The firm's fifty day simple moving average is $3.59 and its 200 day simple moving average is $3.66.

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.