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What should you know before buying stock in Blackstone Inc (BX)

Blackstone Inc (NYSE: BX) is -3.05% lower on its value in year-to-date trading and has touched a low of $77.94 and a high of $133.56 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BX stock was last observed hovering at around $131.03 in the last trading session, with the day’s loss setting it -4.72%.

Currently trading at $126.31, the stock is -0.32% and 0.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.62 million and changing -3.60% at the moment leaves the stock 14.42% off its SMA200. BX registered 49.85% gain for a year compared to 6-month gain of 18.96%. The firm has a 50-day simple moving average (SMA 50) of $8.89.

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The stock witnessed a -1.39% loss in the last 1 month and extending the period to 3 months gives it a -3.05%, and is -1.96% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.62% over the week and 2.34% over the month.

Blackstone Inc (BX) has around 4735 employees, a market worth around $153.07B and $10.27B in sales. Current P/E ratio is 68.80 and Fwd P/E is 20.69. Profit margin for the company is 13.54%. Distance from 52-week low is 62.06% and -5.43% from its 52-week high. The company has generated returns on investments over the last 12 months (7.34%).

Blackstone Inc quarterly earnings per share for the current quarter are estimated at $0.98 with sales reaching $2.53B over the same period.The EPS is expected to grow by 25.33% this year, but quarterly earnings will post 27.40% year-over-year. Quarterly sales are estimated to grow 1.60% in year-over-year returns.

Blackstone Inc (BX) Top Institutional Holders

2,201 institutions hold shares in Blackstone Inc (BX), with institutional investors hold 71.81% of the company’s shares. The shares outstanding are 719.36M, and float is at 707.56M with Short Float at 3.34%. Institutions hold 71.12% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 47.7 million shares valued at $4.43 billion. The investor’s holdings represent 6.72% of the BX Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 35.4 million shares valued at $3.29 billion to account for 4.99% of the shares outstanding. The other top investors are Capital World Investors which holds 32.31 million shares representing 4.55% and valued at over $3.0 billion, while Morgan Stanley holds 3.42% of the shares totaling 24.24 million with a market value of $2.25 billion.

Blackstone Inc (BX) Insider Activity

The most recent transaction is an insider sale by BX Buzz ML-1 GP LLC,the company’s10% Owner. SEC filings show that BX Buzz ML-1 GP LLC sold 2,509,316 shares of the company’s common stock on Mar 03 ’24 at a price of $11.10 per share for a total of $27.85 million. Following the sale, the insider now owns 12802.0 shares.

Blackstone Inc disclosed in a document filed with the SEC on Feb 21 ’24 that Brown Reginald J (Director) bought a total of 2,400 shares of the company’s common stock. The trade occurred on Feb 21 ’24 and was made at $125.62 per share for $0.3 million. Following the transaction, the insider now directly holds 16949.0 shares of the BX stock.

Still, SEC filings show that on Feb 16 ’24, Blackstone Inc. (10% Owner) disposed off 24,276,100 shares at an average price of $12.04 for $292.41 million. The insider now directly holds 107,324 shares of Blackstone Inc (BX).

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