XTX Topco Ltd Has $110,000 Position in Blade Air Mobility, Inc. (NASDAQ:BLDE)

XTX Topco Ltd lowered its stake in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 65.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,792 shares of the company’s stock after selling 47,971 shares during the quarter. XTX Topco Ltd’s holdings in Blade Air Mobility were worth $110,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BLDE. ARK Investment Management LLC boosted its position in Blade Air Mobility by 11.6% during the fourth quarter. ARK Investment Management LLC now owns 8,051,099 shares of the company’s stock worth $34,217,000 after purchasing an additional 833,848 shares during the period. First Eagle Investment Management LLC bought a new stake in Blade Air Mobility during the fourth quarter worth approximately $2,278,000. Royce & Associates LP bought a new stake in Blade Air Mobility during the fourth quarter worth approximately $2,091,000. Russell Investments Group Ltd. boosted its position in Blade Air Mobility by 148.1% during the fourth quarter. Russell Investments Group Ltd. now owns 566,405 shares of the company’s stock worth $2,407,000 after purchasing an additional 338,103 shares during the period. Finally, DnB Asset Management AS bought a new stake in Blade Air Mobility during the fourth quarter worth approximately $966,000. Institutional investors own 47.36% of the company’s stock.

Blade Air Mobility Trading Up 0.4 %

BLDE opened at $2.70 on Wednesday. Blade Air Mobility, Inc. has a 1-year low of $2.35 and a 1-year high of $5.17. The stock has a market capitalization of $215.17 million, a price-to-earnings ratio of -3.91 and a beta of 1.41. The business has a 50 day moving average of $2.91 and a 200-day moving average of $3.57.

Analysts Set New Price Targets

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

About Blade Air Mobility

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.