The price of Blackstone Inc (NYSE:BX) shares last traded on Wall Street fell -1.03% to $124.80.
BX stock price is now 0.62% away from the 50-day moving average and 15.65% away from the 200-day moving average. The market capitalization of the company currently stands at $151.24B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $116 to $124, Citigroup Downgraded its rating from Buy to Neutral for Blackstone Inc (NYSE: BX). , while ‘TD Cowen’ rates the stock as ‘Market Perform’
In other news, BX Buzz ML-1 GP LLC, 10% Owner sold 2,509,316 shares of the company’s stock on Mar 03 ’24. The stock was sold for $27,845,378 at an average price of $11.10. Upon completion of the transaction, the 10% Owner now directly owns 12,802 shares in the company, valued at $1.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21 ’24, Director Brown Reginald J bought 2,400 shares of the business’s stock. A total of $301,500 was incurred on buying the stock at an average price of $125.62. This leaves the insider owning 16,949 shares of the company worth $2.12 million. A total of 41.61% of the company’s stock is owned by insiders.
During the past 12 months, Blackstone Inc has had a low of $77.94 and a high of $132.88. The fifty day moving average price for BX is $124.22 and a two-hundred day moving average price translates $108.85 for the stock.
The latest earnings results from Blackstone Inc (NYSE: BX) was released for Dec, 2023. According to the Asset Management Company, earnings per share came in at $1.11, beating analysts’ expectations of $0.95 by 0.16. This compares to $0.74 EPS in the same period last year. The net profit margin was 13.54% and return on equity was 19.22% for BX. The company reported revenue of $1.29 billion for the quarter, compared to $1.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -24.59 percent. For the current quarter, analysts expect BX to generate $2.53B in revenue.
