227,271 Shares in Blade Air Mobility, Inc. (NASDAQ:BLDE) Acquired by DnB Asset Management AS

DnB Asset Management AS acquired a new stake in Blade Air Mobility, Inc. (NASDAQ:BLDE) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 227,271 shares of the company’s stock, valued at approximately $966,000.

Several other large investors have also modified their holdings of the company. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in Blade Air Mobility by 239.8% during the 4th quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 156,121 shares of the company’s stock worth $664,000 after purchasing an additional 110,177 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Blade Air Mobility by 10.8% during the fourth quarter. American Century Companies Inc. now owns 109,948 shares of the company’s stock worth $467,000 after buying an additional 10,726 shares during the last quarter. Virtu Financial LLC acquired a new position in Blade Air Mobility in the 4th quarter valued at about $53,000. Intech Investment Management LLC raised its stake in Blade Air Mobility by 55.4% during the 4th quarter. Intech Investment Management LLC now owns 27,742 shares of the company’s stock valued at $118,000 after acquiring an additional 9,887 shares during the last quarter. Finally, Royce & Associates LP acquired a new stake in Blade Air Mobility during the 4th quarter worth approximately $2,091,000. 47.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related 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 value of $520,423.40. Following the sale, the chief financial officer now directly owns 1,223,120 shares in the company, valued at $6,140,062.40. The trade was a 7.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 17.50% of the stock is currently owned by insiders.

Blade Air Mobility Stock Up 1.1 %

NASDAQ BLDE opened at $2.83 on Thursday. The stock has a market capitalization of $225.53 million, a P/E ratio of -4.10 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. The firm has a 50-day moving average price of $3.41 and a 200 day moving average price of $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.