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

Aspiring Ventures LLC bought a new stake in shares of Blackstone Inc. (NYSE:BX) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,196 shares of the asset manager’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. West Financial Advisors LLC acquired a new stake in Blackstone during the 3rd quarter valued at $27,000. Bangor Savings Bank increased its stake in 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 during the last quarter. Berbice Capital Management LLC purchased a new stake in Blackstone in the 4th quarter valued at about $34,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Blackstone during the 2nd quarter worth about $39,000. Finally, Raleigh Capital Management Inc. grew its holdings in Blackstone by 32.1% in the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 62 shares during the period. Hedge funds and other institutional investors own 70.00% of the company’s stock.

Blackstone Stock Up 0.7 %

BX stock opened at $186.79 on Friday. The company has a market capitalization of $134.86 billion, a P/E ratio of 64.19, a PEG ratio of 1.22 and a beta of 1.53. The firm has a 50 day simple moving average of $180.90 and a 200-day simple moving average of $160.35. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.58. Blackstone Inc. has a twelve month low of $115.82 and a twelve month high of $200.96.

Insiders Place Their Bets

In other news, insider John G. Finley sold 42,249 shares of Blackstone stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $175.94, for a total value of $7,433,289.06. Following the completion of the transaction, the insider now owns 387,137 shares in the company, valued at approximately $68,112,883.78. This trade represents a 9.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Piper Sandler boosted 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. Citigroup upped their price target on Blackstone from $157.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. The Goldman Sachs Group boosted their target price on Blackstone from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Cowen reaffirmed a “hold” rating on shares of Blackstone in a research report on Friday, October 18th. Finally, TD Cowen raised shares of Blackstone from a “hold” rating to a “buy” rating and raised their target price for the company from $149.00 to $230.00 in a research note on Monday, December 9th. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Blackstone currently has an average rating of “Hold” and a consensus price target of $169.56.

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.