Jump Financial LLC purchased a new stake in Blade Air Mobility, Inc. (NASDAQ:BLDE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 186,929 shares of the company's stock, valued at approximately $794,000. Jump Financial LLC owned approximately 0.24% of Blade Air Mobility as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised its position in Blade Air Mobility by 8.1% during the fourth quarter. Barclays PLC now owns 179,591 shares of the company's stock worth $763,000 after acquiring an additional 13,437 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Blade Air Mobility during the 4th quarter valued at $833,000. Renaissance Technologies LLC increased its position in Blade Air Mobility by 28.7% during the 4th quarter. Renaissance Technologies LLC now owns 383,186 shares of the company's stock worth $1,629,000 after purchasing an additional 85,486 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Blade Air Mobility by 148.1% in the 4th quarter. Russell Investments Group Ltd. now owns 566,405 shares of the company's stock valued at $2,407,000 after purchasing an additional 338,103 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Blade Air Mobility by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 34,058 shares of the company's stock valued at $145,000 after purchasing an additional 7,418 shares in the last quarter. Institutional investors and hedge funds own 47.36% of the company's stock.
Analysts Set New Price Targets
Separately, Lake Street Capital started 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 for the company.
View Our Latest Stock Analysis on BLDE
Blade Air Mobility Stock Up 1.1 %
Shares of BLDE traded up $0.03 during mid-day trading on Friday, hitting $2.71. The company had a trading volume of 457,774 shares, compared to its average volume of 680,504. Blade Air Mobility, Inc. has a 1-year low of $2.35 and a 1-year high of $5.17. The business's 50-day simple moving average is $2.96 and its 200-day simple moving average is $3.58. The stock has a market cap of $215.97 million, a PE ratio of -3.93 and a beta of 1.41.
About Blade Air Mobility
(
Free Report)
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.
Featured Articles
Before you consider Blade Air Mobility, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blade Air Mobility wasn't on the list.
While Blade Air Mobility currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
