Is Overall Sentiment on Blackstone Bearish?

Blackstone shares fell -2.7% this overnight to a price of $112.11. The stock is still trading within range of its average target price of $107.25, and over the last 52 weeks, it has recorded a 46.0% performance. Analysts have given the large-cap Asset Management stock target prices ranging from $89.0 to $120.0 dollars per share, with an average rating of buy.

The stock has an average amount of shares sold short at 4.4%, and a short ratio of 8.1. The company's insiders own 0.45% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 65.2% of Blackstone's shares being owned by this investor type.

Institutions Invested in Blackstone

Date Reported Holder Percentage Shares Value
2023-09-30 Vanguard Group Inc 9% 62,091,903 $6,961,123,283
2023-09-30 Blackrock Inc. 6% 45,916,439 $5,147,692,004
2023-09-30 Capital World Investors 5% 32,371,405 $3,629,158,234
2023-09-30 State Street Corporation 4% 27,361,588 $3,067,507,647
2023-09-30 Morgan Stanley 3% 23,823,121 $2,670,810,109
2023-09-30 Capital International Investors 3% 19,933,508 $2,234,745,594
2023-09-30 Charles Schwab Investment Management, Inc. 2% 14,825,769 $1,662,116,971
2023-09-30 Geode Capital Management, LLC 2% 13,572,839 $1,521,650,988
2023-09-30 Edgewood Management Llc 2% 12,861,282 $1,441,878,332
2023-09-30 JP Morgan Chase & Company 2% 11,314,184 $1,268,433,175

Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Blackstone.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.