Dimensional Fund Advisors LP Boosts Position in Blade Air Mobility, Inc. (NASDAQ:BLDE)

Dimensional Fund Advisors LP raised its stake in Blade Air Mobility, Inc. (NASDAQ:BLDE) by 16.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,522,790 shares of the company’s stock after buying an additional 218,985 shares during the period. Dimensional Fund Advisors LP’s holdings in Blade Air Mobility were worth $6,472,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BLDE. Virtu Financial LLC purchased a new position in shares of Blade Air Mobility during the fourth quarter worth approximately $53,000. SG Americas Securities LLC boosted its holdings in shares of Blade Air Mobility by 30.0% in the fourth 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 during the period. Intech Investment Management LLC grew its stake in Blade Air Mobility by 55.4% in the fourth quarter. Intech Investment Management LLC now owns 27,742 shares of the company’s stock worth $118,000 after purchasing an additional 9,887 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Blade Air Mobility by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 34,058 shares of the company’s stock worth $145,000 after purchasing an additional 7,418 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in Blade Air Mobility during the 4th quarter worth $201,000. 47.36% of the stock is owned by hedge funds and other institutional investors.

Blade Air Mobility Price Performance

NASDAQ:BLDE opened at $2.92 on Monday. Blade Air Mobility, Inc. has a 1-year low of $2.35 and a 1-year high of $5.17. The company has a 50-day moving average of $2.82 and a 200 day moving average of $3.53. The firm has a market cap of $232.71 million, a PE ratio of -4.23 and a beta of 1.54.

Wall Street Analyst Weigh In

Separately, Lake Street Capital assumed coverage on Blade Air Mobility in a report on Wednesday, February 26th. They issued 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.