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Blackstone Inc (BX) Analysis & Opinions from Experts

Blackstone Inc (NYSE: BX) is -6.57% lower on its value in year-to-date trading and has touched a low of $87.84 and a high of $133.08 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 $120.77 in the last trading session, with the day’s gains setting it 0.51%.

Currently trading at $121.28, the stock is -1.04% and -0.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.5 million and changing 0.42% at the moment leaves the stock 3.01% off its SMA200. BX registered 34.15% gain for a year compared to 6-month loss of 0.09%.

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The stock witnessed a 1.77% gain in the last 1 month and extending the period to 3 months gives it a -5.88%, and is -0.78% 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 1.72% over the week and 1.87% over the month.

Blackstone Inc (BX) has around 4735 employees, a market worth around $146.63B and $10.35B in sales. Current P/E ratio is 42.77 and Fwd P/E is 20.36. Profit margin for the company is 20.80%. Distance from 52-week low is 38.07% and -8.87% from its 52-week high. The company has generated returns on investments over the last 12 months (11.62%).

The EPS is expected to grow by 19.53% this year.

Blackstone Inc (BX) Top Institutional Holders

The shares outstanding are 719.36M, and float is at 707.14M with Short Float at 2.57%.

Blackstone Inc (BX) Insider Activity

The most recent transaction is an insider sale by Baratta Joseph,the company’sDirector. SEC filings show that Baratta Joseph sold 116,448 shares of the company’s common stock on Jul 03 ’24 at a price of $123.00 per share for a total of $14.32 million. Following the sale, the insider now owns 0.92 million shares.

Blackstone Inc disclosed in a document filed with the SEC on May 21 ’24 that Blackstone Inc. (10% Owner) sold a total of 20,125,000 shares of the company’s common stock. The trade occurred on May 21 ’24 and was made at $16.33 per share for $328.64 million. Following the transaction, the insider now directly holds 77326.0 shares of the BX stock.

Still, SEC filings show that on May 06 ’24, Porat Ruth (Director) acquired 219 shares at an average price of $119.48 for $26192.0. The insider now directly holds 34,445 shares of Blackstone Inc (BX).

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