Blade Air Mobility, Inc. (NASDAQ:BLDE) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its stake in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 14.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,470 shares of the company’s stock after selling 8,600 shares during the period. Alliancebernstein L.P.’s holdings in Blade Air Mobility were worth $219,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in shares of Blade Air Mobility by 3.1% in the fourth quarter. Bank of New York Mellon Corp now owns 138,561 shares of the company’s stock worth $589,000 after acquiring an additional 4,118 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Blade Air Mobility by 30.0% during 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 in the last quarter. Stifel Financial Corp raised its position in shares of Blade Air Mobility by 18.9% in the third 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. Rhumbline Advisers lifted its stake in shares of Blade Air Mobility by 5.3% in the fourth quarter. Rhumbline Advisers now owns 140,779 shares of the company’s stock worth $598,000 after buying an additional 7,037 shares in the last quarter. Finally, Intech Investment Management LLC boosted its position in Blade Air Mobility by 55.4% during the fourth quarter. Intech Investment Management LLC now owns 27,742 shares of the company’s stock worth $118,000 after acquiring an additional 9,887 shares during the last quarter. 47.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Blade Air Mobility Trading Down 2.7 %

Shares of BLDE stock opened at $2.55 on Tuesday. Blade Air Mobility, Inc. has a twelve month low of $2.35 and a twelve month high of $5.17. The stock has a market cap of $203.22 million, a price-to-earnings ratio of -3.70 and a beta of 1.41. The company’s 50-day moving average price is $3.04 and its 200-day moving average price is $3.61.

Blade Air Mobility 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.