Moody Lynn & Lieberson LLC Boosts Stock Position in Blackstone Inc. (NYSE:BX)

Moody Lynn & Lieberson LLC boosted its stake in shares of Blackstone Inc. (NYSE:BX) by 0.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 277,566 shares of the asset manager’s stock after buying an additional 734 shares during the period. Blackstone makes up approximately 2.9% of Moody Lynn & Lieberson LLC’s holdings, making the stock its 9th biggest holding. Moody Lynn & Lieberson LLC’s holdings in Blackstone were worth $47,858,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. West Financial Advisors LLC bought a new position in shares of Blackstone during the 3rd quarter worth approximately $27,000. Bangor Savings Bank grew 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 in the last quarter. Berbice Capital Management LLC bought a new position in shares of Blackstone in the fourth quarter valued at $34,000. Strategic Investment Solutions Inc. IL acquired a new stake in Blackstone in the second quarter valued at $39,000. Finally, Raleigh Capital Management Inc. raised its holdings in shares of Blackstone by 32.1% in the 3rd 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. Institutional investors own 70.00% of the company’s stock.

Analyst Ratings Changes

BX has been the topic of several research analyst reports. StockNews.com raised Blackstone from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st. Wells Fargo & Company dropped their price objective on shares of Blackstone from $195.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Citigroup increased their price target on shares of Blackstone from $157.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods lowered their target price on Blackstone from $175.00 to $174.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Finally, The Goldman Sachs Group upped their price objective on Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Blackstone has a consensus rating of “Hold” and a consensus price target of $169.56.

Insider Transactions at Blackstone

In other Blackstone news, insider John G. Finley sold 42,249 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $68,112,883.78. This represents a 9.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.

Blackstone Trading Up 0.7 %

Shares of BX opened at $186.79 on Friday. Blackstone Inc. has a 52-week low of $115.82 and a 52-week high of $200.96. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.71 and a current ratio of 0.71. The business’s fifty day moving average is $180.90 and its 200-day moving average is $160.35. The firm has a market cap of $134.86 billion, a price-to-earnings ratio of 64.19, a PEG ratio of 1.22 and a beta of 1.53.

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.