The stock of Blackstone Inc (NYSE:BX) last traded at $152.04, up 0.87% from the previous session.
BX stock price is now -10.59% away from the 50-day moving average and -0.92% away from the 200-day moving average. The market capitalization of the company currently stands at $185.29B.
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, Porat Ruth, Director bought 301 shares of the company’s stock on Feb 18 ’25. The stock was bought for $49,686 at an average price of $164.85. Upon completion of the transaction, the Director now directly owns 36,829 shares in the company, valued at $5.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 18 ’25, Director Porat Ruth bought 74 shares of the business’s stock. A total of $12,240 was incurred on buying the stock at an average price of $164.82. This leaves the insider owning 8,575 shares of the company worth $1.3 million. A total of 40.73% of the company’s stock is owned by insiders.
During the past 12 months, Blackstone Inc has had a low of $114.76 and a high of $200.28.
The net profit margin was 22.29% and return on equity was 36.95% for BX. The company reported revenue of $3.08 billion for the quarter, compared to $1.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 139.88 percent.
