Blackstone Inc (NYSE: BX) is -18.01% lower on its value in year-to-date trading and has touched a low of $114.76 and a high of $200.28 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 $136.53 in the last trading session, with the day’s gains setting it 4.36%.
Currently trading at $140.89, the stock is -7.93% and -14.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.22 million and changing 3.19% at the moment leaves the stock -8.53% off its SMA200. BX registered 15.38% gain for a year compared to 6-month gain of -1.08%. The firm has a 50-day simple moving average (SMA 50) of $165.9646 and a 200-day simple moving average (SMA200) of $154.753.
The stock witnessed a -12.43% loss in the last 1 month and extending the period to 3 months gives it a -25.43%, and is -2.93% 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 3.53% over the week and 3.37% over the month.
Blackstone Inc (BX) has around 4895 employees, a market worth around $171.70B and $12.46B in sales. Current P/E ratio is 38.87 and Fwd P/E is 20.33. Profit margin for the company is 22.29%. Distance from 52-week low is 22.77% and -29.65% from its 52-week high. The company has generated returns on investments over the last 12 months (13.88%).
The EPS is expected to grow by 21.81% this year.
Blackstone Inc (BX) Top Institutional Holders
2595.0 institutions hold shares in Blackstone Inc (BX), with institutional investors hold 71.85% of the company’s shares. The shares outstanding are 731.93M, and float is at 722.29M with Short Float at 1.27%. Institutions hold 71.19% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 65.14 million shares valued at $8.06 billion. The investor’s holdings represent 8.5735% of the BX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 47.26 million shares valued at $5.85 billion to account for 6.2204 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 37.15 million shares representing 4.8304% and valued at over $4.6 billion, while STATE STREET CORP holds 3.8575 of the shares totaling 29.67 million with a market value of $3.67 billion.
Blackstone Inc (BX) Insider Activity
The most recent transaction is an insider purchase by Porat Ruth, the company’s Director. SEC filings show that Porat Ruth bought 301 shares of the company’s common stock on Feb 18 ’25 at a price of $164.85 per share for a total of $49686.0. Following the purchase, the insider now owns 36829.0 shares.
Blackstone Inc disclosed in a document filed with the SEC on Feb 18 ’25 that Porat Ruth (Director) bought a total of 74 shares of the company’s common stock. The trade occurred on Feb 18 ’25 and was made at $164.82 per share for $12240.0. Following the transaction, the insider now directly holds 8575.0 shares of the BX stock.
Still, SEC filings show that on Dec 12 ’24, Blackstone Holdings IV L.P. (10% Owner) disposed off 335,487 shares at an average price of $81.17 for $27.23 million. The insider now directly holds 204,333 shares of Blackstone Inc (BX).
