Blackstone Inc (NYSE:BX) shares traded 1.60% higher at $138.59 on Wall Street last session.
BX stock price is now 11.81% away from the 50-day moving average and 16.82% away from the 200-day moving average. The market capitalization of the company currently stands at $168.52B.
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With the price target reduced from $140 to $135, UBS Downgraded its rating from Buy to Neutral for Blackstone Inc (NYSE: BX). On January 19, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $116 to quote $124, while ‘Oppenheimer’ rates the stock as ‘Perform’
In other news, Baratta Joseph, Director sold 116,448 shares of the company’s stock on Jul 03 ’24. The stock was sold for $14,323,104 at an average price of $123.00. Upon completion of the transaction, the Director now directly owns 921,184 shares in the company, valued at $127.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 21 ’24, 10% Owner Blackstone Inc. sold 20,125,000 shares of the business’s stock. A total of $328,641,250 was realized by selling the stock at an average price of $16.33. This leaves the insider owning 77,326 shares of the company worth $10.72 million. A total of 41.84% of the company’s stock is owned by insiders.
During the past 12 months, Blackstone Inc has had a low of $87.84 and a high of $140.43. According to the stock market information, the enterprise value for the company is $127758016512, which is based on a 52.88 price-to-earnings ratio, a 2.25 price-to-earnings-growth ratio, and a beta of 1.49. The fifty day moving average price for BX is $124.3584 and a two-hundred day moving average price translates $120.23275 for the stock.
The latest earnings results from Blackstone Inc (NYSE: BX) was released for 2024-06-30. The net profit margin was 18.68% and return on equity was 28.40% for BX. The company reported revenue of $3.69 billion for the quarter, compared to $1.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 166.88 percent.
