Jane Street Group LLC Has $170,000 Holdings in Blade Air Mobility, Inc. (NASDAQ:BLDE)

Jane Street Group LLC boosted its holdings in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE) by 32.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,916 shares of the company’s stock after buying an additional 9,837 shares during the quarter. Jane Street Group LLC owned approximately 0.05% of Blade Air Mobility worth $170,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Northern Trust Corp increased its position in Blade Air Mobility by 0.7% during the fourth quarter. Northern Trust Corp now owns 475,169 shares of the company’s stock worth $2,019,000 after buying an additional 3,532 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Blade Air Mobility by 16.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,522,790 shares of the company’s stock worth $6,472,000 after buying an additional 218,985 shares during the last quarter. Marshall Wace LLP increased its position in Blade Air Mobility by 372.0% during the fourth quarter. Marshall Wace LLP now owns 452,445 shares of the company’s stock worth $1,923,000 after buying an additional 356,596 shares during the last quarter. NewEdge Advisors LLC increased its position in Blade Air Mobility by 24.7% during the fourth quarter. NewEdge Advisors LLC now owns 58,204 shares of the company’s stock worth $247,000 after buying an additional 11,521 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Blade Air Mobility during the fourth quarter worth approximately $794,000. Institutional investors and hedge funds own 47.36% of the company’s stock.

Analyst Ratings Changes

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

Blade Air Mobility Stock Up 7.6%

Shares of NASDAQ:BLDE opened at $3.80 on Friday. Blade Air Mobility, Inc. has a 12-month low of $2.35 and a 12-month high of $5.17. The stock has a market cap of $307.86 million, a PE ratio of -5.51 and a beta of 1.65. The business has a 50 day moving average of $3.02 and a 200-day moving average of $3.52.

Blade Air Mobility (NASDAQ:BLDE) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.07. Blade Air Mobility had a negative return on equity of 12.16% and a negative net margin of 21.28%. The company had revenue of $54.31 million during the quarter, compared to analysts’ expectations of $49.30 million. Equities research analysts expect that Blade Air Mobility, Inc. will post -0.35 earnings per share for the current year.

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.