Marshall Wace LLP Acquires 356,596 Shares of Blade Air Mobility, Inc. (NASDAQ:BLDE)

Marshall Wace LLP boosted its holdings in shares of Blade Air Mobility, Inc. (NASDAQ:BLDE - Free Report) by 372.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 452,445 shares of the company's stock after purchasing an additional 356,596 shares during the quarter. Marshall Wace LLP owned about 0.58% of Blade Air Mobility worth $1,923,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in Blade Air Mobility by 3.1% in the 4th quarter. Bank of New York Mellon Corp now owns 138,561 shares of the company's stock valued at $589,000 after purchasing an additional 4,118 shares during the period. SG Americas Securities LLC boosted its stake in shares of Blade Air Mobility by 30.0% in the 4th quarter. SG Americas Securities LLC now owns 22,970 shares of the company's stock valued at $98,000 after purchasing an additional 5,297 shares in the last quarter. Stifel Financial Corp increased its position in shares of Blade Air Mobility by 18.9% during the 3rd quarter. Stifel Financial Corp now owns 35,755 shares of the company's stock worth $105,000 after purchasing an additional 5,683 shares in the last quarter. Rhumbline Advisers lifted its holdings in Blade Air Mobility by 5.3% during the 4th quarter. Rhumbline Advisers now owns 140,779 shares of the company's stock valued at $598,000 after purchasing an additional 7,037 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Blade Air Mobility by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 34,058 shares of the company's stock worth $145,000 after buying an additional 7,418 shares during the last quarter. Institutional investors and hedge funds own 47.36% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital initiated coverage on Blade Air Mobility in a report on Wednesday, February 26th. They issued a "buy" rating and a $6.50 target price on the stock.

Blade Air Mobility Stock Performance

Shares of NASDAQ BLDE traded up $0.15 during trading on Thursday, reaching $2.80. The company had a trading volume of 273,556 shares, compared to its average volume of 677,288. Blade Air Mobility, Inc. has a 52 week low of $2.35 and a 52 week high of $5.17. The business's 50 day moving average price is $2.89 and its 200-day moving average price is $3.57. The stock has a market cap of $222.74 million, a PE ratio of -4.07 and a beta of 1.41.

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.