Blackstone Inc. (NYSE:BX) Shares Sold by Seneca House Advisors

Seneca House Advisors lessened its holdings in Blackstone Inc. (NYSE:BX) by 12.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,189 shares of the asset manager’s stock after selling 6,799 shares during the period. Blackstone makes up approximately 3.3% of Seneca House Advisors’ portfolio, making the stock its 11th largest position. Seneca House Advisors’ holdings in Blackstone were worth $8,309,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. West Financial Advisors LLC acquired a new position in Blackstone in the third quarter valued at approximately $27,000. Bangor Savings Bank raised its stake in Blackstone by 187.5% during the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock worth $28,000 after acquiring an additional 105 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Blackstone in the second quarter valued at $39,000. Raleigh Capital Management Inc. grew its holdings in shares of 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 purchasing an additional 62 shares during the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in shares of Blackstone in the 4th quarter valued at about $39,000. 70.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on BX. Morgan Stanley lifted their price target on Blackstone from $164.00 to $177.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. increased their price target on shares of Blackstone from $125.00 to $146.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Piper Sandler upped their target price on shares of Blackstone from $168.00 to $179.00 and gave the company a “neutral” rating in a report on Monday, December 23rd. Keefe, Bruyette & Woods decreased their price target on Blackstone from $175.00 to $174.00 and set a “market perform” rating for the company in a report on Monday, January 13th. Finally, Wells Fargo & Company dropped their price target on shares of Blackstone from $195.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $169.56.

Insider Buying and Selling at Blackstone

In other Blackstone news, insider John G. Finley sold 42,249 shares of the 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 transaction, the insider now owns 387,137 shares of the company’s stock, valued at $68,112,883.78. This trade represents a 9.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

Blackstone Price Performance

BX stock opened at $185.56 on Friday. Blackstone Inc. has a 52-week low of $115.82 and a 52-week high of $200.96. 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 market capitalization of $133.98 billion, a PE ratio of 63.77, a P/E/G ratio of 1.21 and a beta of 1.53. The stock’s 50 day moving average is $180.71 and its two-hundred day moving average is $159.71.

Blackstone 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.