10% Owner Of Blackstone Inc. (BX) Has Sold 6,341,568 Of The Company’s Shares

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The stock of Blackstone Inc. (NYSE:BX) increased by $0.84 on Tuesday to finish at $85.88, up 0.99 percent. The last five days have seen an average of 4,002,980 shares of common stock traded. 8 times new highs were reached in the current year, with a gain of $11.69. The average number of shares traded over the last 20 days was 4,758,305, while the average volume over the last 50 days totaled 5,765,106.

BX stock appreciated 6.55% since last month. On 12/28/22, the company’s shares reached a one-month low of $71.72. The stock touched a high of $138.38 on 01/17/23, after rallying from a low of $71.72 in 52 weeks. The price of BX stock has risen by 15.76% or $11.69 this year, reaching a new high 8 times. Still, the stock price is down -37.94% from the 52-week high.


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Insider Transactions

BX stock investors should be aware that Blackstone Inc. (BX) stock had its last reported insider trading activity 35 days ago on Dec 14. On Dec 14, 10% Owner Blackstone Holdings I/II GP L. sold 6,341,568 shares at $8.00 each. This transaction resulted in the insider making $50,732,544. On Dec 02, Porat Ruth added 20,000 shares at a price of US$83.55. After the transaction, the insider now owns 20,000 shares. 10% Owner Blackstone Holdings III L.P. had earlier sold 12,154,671 shares on Nov 17 for $7.46 a share. The transaction was completed for $90,673,846.

Valuation Metrics

Blackstone Inc. (BX) has a trailing price-to-earnings (P/E) ratio of 24.25. Beta for the stock is 1.45. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.29, the price-to-book (PB) ratio of 8.40.

Company paid $0.90 per share in dividends, a decrease of -29.13% from $1.27 last year. A $0.37 dividend decrease was reported on Thursday October 20 2022.

Financial Health

The company’s long-term debt to equity ratio for the quarter ending September 29 is 1.22, and the total debt to equity ratio is 1.27. Blackstone Inc.’s operating margin stood at 49.40% for the same period. Based on annual data, it had gross profit of $13.1 billion and revenue of $22.58 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BX’s return on assets (ROA) during the last 12 months has been 6.20%. There was a 69.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 29.30%.

Earnings Surprise

According to Blackstone Inc.’s quarterly financial report for the quarter that ended September 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.06 billion, while revenues fell by -488.24% to $629.22 million. It was predicted that Blackstone Inc.’s quarterly earnings would be $1.06, but it ended up being $0.99, beating the consensus by 7.10%. EBITDA was $192.15 million for the quarter. At the end of Blackstone Inc.’s most recent quarter ended September 29, its total debt was $10.56 billion. Equity owned by shareholders amounts to $701.78 million.

Technical Picture

Here’s a quick look at Blackstone Inc.’s (BX) price momentum from a technical perspective. As of 17 January, the RSI 9-day stood at 72.77%, suggesting the stock is Overbought, with a 29.38% historical volatility rate.

The stochastic %K and %D were 94.57% and 95.97% respectively, while the average true range (ATR) was 2.63. Based on the 14-day stochastic reading of 95.10%, the RSI (14) reading is 62.05%. On the 9-day MACD Oscillator, the stock is at 3.77, and the 14-day reading is at 6.41.

Analyst Ratings

In its most recent analyst report, Wells Fargo raised its rating on Blackstone Inc. (NYSE: BX) to an Overweight. Prior to this, analysts firm rated the stock as an Equal weight. Analysts have assigned Blackstone Inc. (BX) an Overweight rating. BX is a stock that is recommended for selling by 1 brokerage firm, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 12 others recommend it as a buy.

What is BX’s price target for the next 12 months?

The current consensus forecast for the stock is between $67.50 and $113.00, with a median target price of $100.00. In analyzing these forecasts, the average price target given by analysts for Blackstone Inc. (BX) is $97.38.

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