Jane Street Group LLC Reduces Position in Blade Air Mobility, Inc. (NASDAQ:BLDE)

Jane Street Group LLC lowered its stake in Blade Air Mobility, Inc. (NASDAQ:BLDE) by 13.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,079 shares of the company’s stock after selling 4,662 shares during the period. Jane Street Group LLC’s holdings in Blade Air Mobility were worth $88,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cobblestone Capital Advisors LLC NY purchased a new position in Blade Air Mobility in the 3rd quarter worth $35,000. Sei Investments Co. acquired a new position in shares of Blade Air Mobility in the second quarter valued at about $38,000. EverSource Wealth Advisors LLC acquired a new position in shares of Blade Air Mobility in the second quarter valued at about $40,000. SG Americas Securities LLC purchased a new position in shares of Blade Air Mobility in the third quarter worth about $52,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Blade Air Mobility during the third quarter worth about $52,000. 47.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised their price target on shares of Blade Air Mobility from $5.00 to $6.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th.

Blade Air Mobility Price Performance

NASDAQ BLDE opened at $3.71 on Wednesday. Blade Air Mobility, Inc. has a 1 year low of $2.45 and a 1 year high of $5.17. The company has a market capitalization of $290.54 million, a PE ratio of -5.38 and a beta of 1.14. The company has a fifty day moving average of $4.05 and a 200 day moving average of $3.55.

Insider Buying and Selling at Blade Air Mobility

In other Blade Air Mobility news, CEO Robert S. Wiesenthal sold 2,100,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $3.22, for a total value of $6,762,000.00. Following the sale, the chief executive officer now owns 4,812,892 shares in the company, valued at approximately $15,497,512.24. This represents a 30.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Melissa M. Tomkiel sold 44,621 shares of Blade Air Mobility stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $3.40, for a total transaction of $151,711.40. Following the transaction, the general counsel now directly owns 1,173,003 shares of the company’s stock, valued at approximately $3,988,210.20. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,445,254 shares of company stock worth $8,365,549. Insiders own 17.50% of the company’s stock.

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.