In yesterday’s Wall Street session, Blackstone Inc (NYSE:BX) shares traded at $160.48, down -0.25% from the previous session.
BX stock price is now -9.54% away from the 50-day moving average and 5.99% away from the 200-day moving average. The market capitalization of the company currently stands at $194.38B.
With the price target enhanced from $188 to $195, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Blackstone Inc (NYSE: BX). On December 09, 2024, TD Cowen Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $149 to quote $230, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, Blackstone Holdings IV L.P., 10% Owner sold 335,487 shares of the company’s stock on Dec 12 ’24. The stock was sold for $27,233,157 at an average price of $81.17. Upon completion of the transaction, the 10% Owner now directly owns 204,333 shares in the company, valued at $32.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07 ’24, Chief Legal Officer Finley John G sold 42,249 shares of the business’s stock. A total of $7,433,289 was realized by selling the stock at an average price of $175.94. This leaves the insider owning 387,137 shares of the company worth $62.13 million. A total of 41.01% of the company’s stock is owned by insiders.
During the past 12 months, Blackstone Inc has had a low of $115.15 and a high of $200.96. According to the stock market information, the enterprise value for the company is $165152751616, which is based on a 44.28 price-to-earnings ratio, a 2.12 price-to-earnings-growth ratio, and a beta of 1.54. The fifty day moving average price for BX is $178.0132 and a two-hundred day moving average price translates $151.56544 for the stock.
The latest earnings results from Blackstone Inc (NYSE: BX) was released for 2024-09-30. The net profit margin was 24.98% and return on equity was 36.95% for BX. The company reported revenue of $3.66 billion for the quarter, compared to $2.54 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.15 percent. For the current quarter, analysts expect BX to generate $2.94B in revenue.
