LexAurum Advisors LLC Raises Position in Blackstone Inc. (NYSE:BX)

LexAurum Advisors LLC grew its holdings in shares of Blackstone Inc. (NYSE:BXFree Report) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,068 shares of the asset manager’s stock after purchasing an additional 145 shares during the period. LexAurum Advisors LLC’s holdings in Blackstone were worth $874,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. West Financial Advisors LLC acquired a new stake in Blackstone in the third quarter valued at $27,000. Bangor Savings Bank lifted its holdings in shares of Blackstone by 187.5% in the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 105 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Blackstone during the 2nd quarter worth approximately $39,000. Raleigh Capital Management Inc. increased its position in Blackstone by 32.1% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock worth $39,000 after buying an additional 62 shares in the last quarter. Finally, Kieckhefer Group LLC acquired a new stake in shares of Blackstone during the fourth quarter valued at $39,000. Institutional investors and hedge funds own 70.00% of the company’s stock.

Blackstone Trading Up 1.5 %

BX opened at $185.56 on Friday. The stock has a market capitalization of $133.98 billion, a PE ratio of 63.77, a P/E/G ratio of 1.22 and a beta of 1.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. Blackstone Inc. has a 12-month low of $115.82 and a 12-month high of $200.96. The firm’s fifty day moving average price is $180.71 and its 200 day moving average price is $159.71.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BX shares. Piper Sandler upped their price objective on shares of Blackstone from $168.00 to $179.00 and gave the company a “neutral” rating in a research note on Monday, December 23rd. Cowen reaffirmed a “hold” rating on shares of Blackstone in a research note on Friday, October 18th. The Goldman Sachs Group raised their target price on shares of Blackstone from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Keefe, Bruyette & Woods reduced their target price on Blackstone from $175.00 to $174.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Finally, Barclays reduced their price objective on Blackstone from $199.00 to $192.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Blackstone presently has a consensus rating of “Hold” and a consensus price target of $169.56.

Read Our Latest Stock Report on Blackstone

Insider Transactions at Blackstone

In other news, insider John G. Finley sold 42,249 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $175.94, for a total transaction of $7,433,289.06. Following the completion of the transaction, the insider now directly owns 387,137 shares of the company’s stock, valued at approximately $68,112,883.78. This represents a 9.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

About Blackstone

(Free Report)

Blackstone Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.

See Also

Want to see what other hedge funds are holding BX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Inc. (NYSE:BXFree Report).

Institutional Ownership by Quarter for Blackstone (NYSE:BX)

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