Blade Air Mobility, Inc. (NASDAQ:BLDE) Shares Sold by J. Goldman & Co LP

J. Goldman & Co LP lessened its stake in Blade Air Mobility, Inc. (NASDAQ:BLDE) by 18.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 377,972 shares of the company’s stock after selling 84,556 shares during the quarter. J. Goldman & Co LP owned about 0.48% of Blade Air Mobility worth $1,606,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BLDE. ARK Investment Management LLC lifted its holdings in shares of Blade Air Mobility by 11.6% during the 4th quarter. ARK Investment Management LLC now owns 8,051,099 shares of the company’s stock valued at $34,217,000 after acquiring an additional 833,848 shares in the last quarter. Manatuck Hill Partners LLC acquired a new position in shares of Blade Air Mobility during the 4th quarter valued at $2,550,000. First Eagle Investment Management LLC acquired a new position in shares of Blade Air Mobility during the 4th quarter valued at $2,278,000. Royce & Associates LP acquired a new position in shares of Blade Air Mobility during the 4th quarter valued at $2,091,000. Finally, Marshall Wace LLP lifted its holdings in shares of Blade Air Mobility by 372.0% during the 4th quarter. Marshall Wace LLP now owns 452,445 shares of the company’s stock valued at $1,923,000 after acquiring an additional 356,596 shares in the last quarter. Institutional investors and hedge funds own 47.36% of the company’s stock.

Blade Air Mobility Price Performance

Shares of BLDE stock opened at $2.92 on Monday. Blade Air Mobility, Inc. has a 12 month low of $2.35 and a 12 month high of $5.17. The firm has a market capitalization of $232.71 million, a P/E ratio of -4.23 and a beta of 1.54. The company’s fifty day moving average price is $2.82 and its two-hundred day moving average price is $3.53.

Wall Street Analyst Weigh In

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