Cora Capital Advisors LLC Has $362,000 Holdings in Blackstone Inc. (NYSE:BX)

Cora Capital Advisors LLC lowered its stake in shares of Blackstone Inc. (NYSE:BX) by 50.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,097 shares of the asset manager’s stock after selling 2,167 shares during the quarter. Cora Capital Advisors LLC’s holdings in Blackstone were worth $362,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BX. 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 acquiring an additional 105 shares during the last quarter. West Financial Advisors LLC bought a new position in shares of Blackstone in the 3rd quarter valued at $27,000. Berbice Capital Management LLC bought a new stake in shares of Blackstone during the 4th quarter worth $34,000. Kieckhefer Group LLC bought a new position in Blackstone in the fourth quarter valued at about $39,000. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of Blackstone by 32.1% in the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the asset manager’s stock worth $39,000 after acquiring an additional 62 shares during the last quarter. 70.00% of the stock is owned by institutional investors and hedge funds.

Blackstone Trading Up 0.7 %

Shares of BX stock opened at $186.79 on Friday. 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. Blackstone Inc. has a fifty-two week low of $115.82 and a fifty-two 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 stock has a 50 day simple moving average of $180.90 and a two-hundred day simple moving average of $160.35.

Insider Activity at Blackstone

In related 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Blackstone from $195.00 to $180.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Barclays cut their price objective on Blackstone from $199.00 to $192.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group lifted their price target on Blackstone from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. BMO Capital Markets raised their price objective on shares of Blackstone from $134.00 to $157.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Finally, Morgan Stanley boosted their target price on shares of Blackstone from $164.00 to $177.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $169.56.

About Blackstone

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.