Moody Lynn & Lieberson LLC Acquires 734 Shares of Blackstone Inc. (NYSE:BX)

Moody Lynn & Lieberson LLC boosted its stake in Blackstone Inc. (NYSE:BX) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 277,566 shares of the asset manager’s stock after purchasing an additional 734 shares during the quarter. Blackstone comprises 2.9% of Moody Lynn & Lieberson LLC’s portfolio, making the stock its 9th largest position. Moody Lynn & Lieberson LLC’s holdings in Blackstone were worth $47,858,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Bangor Savings Bank raised its holdings in shares of Blackstone by 187.5% during the 4th quarter. Bangor Savings Bank now owns 161 shares of the asset manager’s stock valued at $28,000 after buying an additional 105 shares during the period. West Financial Advisors LLC acquired a new position in Blackstone in the 3rd quarter worth $27,000. Berbice Capital Management LLC purchased a new stake in shares of Blackstone during the fourth quarter worth about $34,000. Kieckhefer Group LLC acquired a new stake in Blackstone during the 4th quarter valued at approximately $39,000. Finally, Raleigh Capital Management Inc. boosted its stake 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 valued at $39,000 after buying an additional 62 shares during the last quarter. Institutional investors and hedge funds own 70.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BX. Evercore ISI boosted their target price on shares of Blackstone from $148.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Barclays cut their target price on shares of Blackstone from $199.00 to $192.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Cowen reaffirmed a “hold” rating on shares of Blackstone in a report on Friday, October 18th. Morgan Stanley raised their target price on Blackstone from $164.00 to $177.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Blackstone from $175.00 to $174.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Blackstone presently has an average rating of “Hold” and an average price target of $169.56.

Blackstone Price Performance

BX opened at $186.79 on Friday. The company’s 50 day simple moving average is $180.90 and its 200-day simple moving average is $160.35. Blackstone Inc. has a one year low of $115.82 and a one year high of $200.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $134.86 billion, a P/E ratio of 64.19, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53.

Insider Transactions at Blackstone

In other Blackstone news, insider John G. Finley sold 42,249 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now owns 387,137 shares in the company, valued at approximately $68,112,883.78. The trade was a 9.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

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.