Blackstone Inc (NYSE:BX) shares traded -1.47% lower at $144.50 on Wall Street last session.
BX stock price is now -10.59% away from the 50-day moving average and -7.00% away from the 200-day moving average. The market capitalization of the company currently stands at $176.10B.
With the price target maintained at $180, UBS recently Upgraded its rating from Neutral to Buy for Blackstone Inc (NYSE: BX). On December 12, 2024, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock increasing its target price from $188 to quote $195, while ‘TD Cowen’ rates the stock as ‘Buy’
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 $5.32 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 $1.24 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. According to the stock market information, the enterprise value for the company is $133573074944, which is based on a 39.87 price-to-earnings ratio, a 1.89 price-to-earnings-growth ratio, and a beta of 1.59. The fifty day moving average price for BX is $161.8258 and a two-hundred day moving average price translates $156.0591 for the stock.
The latest earnings results from Blackstone Inc (NYSE: BX) was released for 2024-12-31. 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.
