4 days Ago By ABMN Staff
Raymond James Financial Inc. purchased a new position in Blend Labs, Inc. ( NYSE:BLND – Free Report ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor purchased 680,327 shares of the company’s stock, valued at approximately $2,864,000. Several other institutional investors have also recently made changes to their positions in the stock. Principal Financial Group Inc.
increased its holdings in Blend Labs by 697.6% in the 3rd quarter. Principal Financial Group Inc.
now owns 2,733,004 shares of the company’s stock worth $10,249,000 after acquiring an additional 2,390,337 shares in the last quarter. Invesco Ltd. raised its position in shares of Blend Labs by 1,230.
9% during the 4th quarter. Invesco Ltd. now owns 1,576,347 shares of the company’s stock valued at $6,636,000 after purchasing an additional 1,457,901 shares during the period.
Arrowstreet Capital Limited Partnership purchased a new position in shares of Blend Labs during the 4th quarter valued at $5,722,000. JPMorgan Chase & Co. boosted its holdings in Blend Labs by 193.
5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,714,955 shares of the company’s stock worth $6,431,000 after buying an additional 1,130,706 shares during the period.
Finally, Royce & Associates LP purchased a new stake in Blend Labs in the 4th quarter worth $3,406,000. Institutional investors own 52.56% of the company’s stock.
Blend Labs Stock Down 2.4 % Blend Labs stock opened at $3.23 on Tuesday.
Blend Labs, Inc. has a 52-week low of $2.08 and a 52-week high of $5.
53. The firm’s fifty day moving average is $3.35 and its 200 day moving average is $3.
90. The company has a market cap of $838.71 million, a price-to-earnings ratio of -9.
50 and a beta of 1.29. Analyst Ratings Changes View Our Latest Stock Analysis on Blend Labs Blend Labs Company Profile ( Free Report ) Blend Labs, Inc engages in the provision of cloud-based software platform solutions for financial services firms in the United States.
It operates in two segments, Blend Platform and Title365. The company's Blend Builder Platform offers a suite of products that powers digital-first consumer journeys for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts; and offers mortgage products to facilitate the homeownership journey for consumers comprising close, income verification for mortgage, homeowners' insurance, and realty. See Also Want to see what other hedge funds are holding BLND? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Blend Labs, Inc. ( NYSE:BLND – Free Report ). Receive News & Ratings for Blend Labs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blend Labs and related companies with MarketBeat.
com's FREE daily email newsletter ..
