5 Best Stocks Under $11 in Cathie Wood’s Portfolio

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1. Blade Air Mobility, Inc. (NASDAQ:BLDE)

ARK Investment Management Stake Value: $41,299,000
Percentage of ARK Investment Management’s 13F Portfolio: 0.07%
Number of Hedge Fund Holders: 11
Price per Share as of Nov. 5, 2021: $10.10

Blade Air Mobility, Inc. (NASDAQ:BLDE) is a worldwide air mobility platform powered by technology. ARK Investment Management added this stock to its portfolio in the second quarter by buying 3.93 million shares. In addition, blade Air Mobility paid $23 million for Trinity Air Medical, with the possibility of further contingent consideration dependent on the accomplishment of specific EBITDA growth objectives over the next three years.

On September 27, Oppenheimer analyst Jason Helfstein initiated coverage of Blade Air Mobility, rating it as “Outperform,” and gave a price target of $14.

At the end of the second quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $141.75 million in Blade Air Mobility, up from 1 in the previous quarter worth $ 395,000.

You can also take a peek at 10 Best Stocks Under $10 According to Billionaire Daniel Och’s OZ Management and 10 Best Stocks to Buy According to Peter Lewis’ LFL Advisers

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