Aspiring Ventures LLC Invests $215,000 in Blackstone Inc. (NYSE:BX)

Aspiring Ventures LLC bought a new position in shares of Blackstone Inc. (NYSE:BX) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,196 shares of the asset manager’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BX. Bangor Savings Bank lifted its stake in Blackstone by 187.5% in the fourth quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after acquiring an additional 105 shares during the last quarter. West Financial Advisors LLC purchased a new stake in shares of Blackstone during the 3rd quarter worth $27,000. Berbice Capital Management LLC acquired a new position in shares of Blackstone during the fourth quarter worth $34,000. Kieckhefer Group LLC acquired a new stake in Blackstone in the fourth quarter valued at $39,000. Finally, Raleigh Capital Management Inc. boosted its position in shares of Blackstone by 32.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock worth $39,000 after acquiring an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Wall Street Analysts Forecast Growth

BX has been the subject of a number of research analyst reports. Cowen reaffirmed a “hold” rating on shares of Blackstone in a report on Friday, October 18th. Piper Sandler lifted their price target on shares of Blackstone from $168.00 to $179.00 and gave the stock a “neutral” rating in a research note on Monday, December 23rd. StockNews.com raised Blackstone from a “hold” rating to a “buy” rating in a report on Tuesday. Wells Fargo & Company decreased their target price on Blackstone from $195.00 to $180.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Blackstone from $172.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $169.56.

Blackstone Price Performance

Shares of NYSE:BX opened at $186.79 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $180.90 and a 200 day moving average price of $160.35. Blackstone Inc. has a 52 week low of $115.82 and a 52 week high of $200.96. The company has a market cap of $134.86 billion, a P/E ratio of 64.19, a PEG ratio of 1.22 and a beta of 1.53.

Insider Activity at Blackstone

In related news, insider John G. Finley sold 42,249 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $175.94, for a total transaction of $7,433,289.06. Following the sale, the insider now owns 387,137 shares of the company’s stock, valued at approximately $68,112,883.78. The trade was a 9.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.

Blackstone Company Profile

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.