Blackstone Inc. [BX] is -18.51% lower this YTD. Is it still time to buy?

Blackstone Inc. [NYSE: BX] gained 2.61% on the last trading session, reaching $105.44 price per share at the time. The company report on August 25, 2022 that Blackstone Establishes Corporate Private Equity West Coast Presence in San Francisco.


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Blackstone (NYSE: BX) today announced its Corporate Private Equity business is expanding its North America footprint through a new team based in San Francisco – building on the firm’s existing strong presence in its San Francisco office across its other business units. Sachin Bavishi, a Senior Managing Director, will relocate to San Francisco to lead and establish Blackstone Private Equity’s West Coast presence, along with other existing and new team members.

Mr. Bavishi was previously based in New York and has been a member of Blackstone’s Private Equity team since 2013, focusing on investment opportunities in Technology, Media & Telecom (TMT). He has played a key role in the execution of many of the firm’s leading TMT investments, including in Ancestry, Bumble, Liftoff/Vungle, Ipreo, Refinitiv, SESAC, Simpli.fi, and UKG, among others.

Blackstone Inc. represents 707.38 million in outstanding shares, while the company has a total market value of $132.90 billion with the latest information. BX stock price has been found in the range of $103.41 to $105.462.

If compared to the average trading volume of 4.45M shares, BX reached a trading volume of 1921547 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Blackstone Inc. [BX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BX shares is $119.27 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BX stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Keefe Bruyette have made an estimate for Blackstone Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on July 25, 2022. The new note on the price target was released on April 07, 2022, representing the official price target for Blackstone Inc. stock. Previously, the target price had yet another raise to $182, while BofA Securities analysts kept a Buy rating on BX stock.

The Average True Range (ATR) for Blackstone Inc. is set at 3.69, with the Price to Sales ratio for BX stock in the period of the last 12 months amounting to 7.49. The Price to Book ratio for the last quarter was 8.64, with the Price to Cash per share for the same quarter was set at 3.42.

Trading performance analysis for BX stock

Blackstone Inc. [BX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.77. With this latest performance, BX shares gained by 7.90% in over the last four-week period, additionally sinking by -13.06% over the last 6 months – not to mention a drop of -11.78% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BX stock in for the last two-week period is set at 54.93, with the RSI for the last a single of trading hit 55.58, and the three-weeks RSI is set at 53.72 for Blackstone Inc. [BX]. The present Moving Average for the last 50 days of trading for this stock 98.50, while it was recorded at 102.97 for the last single week of trading, and 116.04 for the last 200 days.

Blackstone Inc. [BX]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Blackstone Inc. go to 10.20%.

An analysis of insider ownership at Blackstone Inc. [BX]

There are presently around $46,473 million, or 65.10% of BX stock, in the hands of institutional investors. The top three institutional holders of BX stocks are: VANGUARD GROUP INC with ownership of 45,757,475, which is approximately 1.719% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 38,909,791 shares of the stock with an approximate value of $4.1 billion in BX stocks shares; and MORGAN STANLEY, currently with $2.25 billion in BX stock with ownership of nearly 7.127% of the company’s market capitalization.

Positions in Blackstone Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 860 institutional holders increased their position in Blackstone Inc. [NYSE:BX] by around 33,609,248 shares. Additionally, 717 investors decreased positions by around 29,760,950 shares, while 220 investors held positions by with 377,381,355 shares. The mentioned changes placed institutional holdings at 440,751,553 shares, according to the latest SEC report filing. BX stock had 125 new institutional investments in for a total of 2,357,572 shares, while 191 institutional investors sold positions of 3,888,990 shares during the same period.

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