The price of Blackstone Inc (NYSE:BX) shares last traded on Wall Street rose 7.28% to $128.47.
BX stock price is now 24.18% away from the 50-day moving average and 33.99% away from the 200-day moving average. The market capitalization of the company currently stands at $155.39B.
In other news, BX Buzz ML-1 GP LLC, 10% Owner sold 4,012,101 shares of the company’s stock on Dec 03. The stock was sold for $55,690,770 at an average price of $13.88. Upon completion of the transaction, the 10% Owner now directly owns 13,869 shares in the company, valued at $1.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14, 10% Owner BSOF Master Fund L.P. sold 971,971 shares of the business’s stock. A total of $13,668,342 was realized by selling the stock at an average price of $14.06. Insiders disposed of 413,747 shares of company stock worth roughly $53.15 million over the past 1 year. A total of 42.01% of the company’s stock is owned by insiders.
During the past 12 months, Blackstone Inc has had a low of $70.63 and a high of $119.99. The fifty day moving average price for BX is $103.59 and a two-hundred day moving average price translates $96.45 for the stock.
The latest earnings results from Blackstone Inc (NYSE: BX) was released for Sep, 2023. According to the Asset Management Company, earnings per share came in at $0.94, missing analysts’ expectations of $1.01 by -0.07. This compares to $0.00 EPS in the same period last year. The net profit margin was 18.05% and return on equity was 24.42% for BX. The company reported revenue of $2.54 billion for the quarter, compared to $1.06 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 140.17 percent. For the current quarter, analysts expect BX to generate $2.69B in revenue.
Blackstone Inc(BX) Company Profile
Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. The firm’s corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts,special situations, distressed mortgage loans, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, healthcare, life sciences, infrastructure, enterprise tech and consumer, as well as consumer technologies. The firm considers investment in Asia and Latin America. It has a three year investment period. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. Blackstone Inc. was founded in 1985 and is headquartered in New York, New York with additional offices across Asia, Europe, North America and Central America.
