Wealthfront Advisers LLC Increases Position in Blackstone Inc. $BX

Market Beat
2026.02.11 13:37
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Wealthfront Advisers LLC increased its stake in Blackstone Inc. (NYSE:BX) by 22.4% in Q3, owning 70,345 shares valued at $12 million. Other institutional investors also adjusted their positions, with Edgemoor Investment Advisors and Johnson Investment Counsel increasing their holdings. Blackstone's recent activities include a significant investment in AI and a potential sale of its hospitality stake to Brookfield. Despite positive developments, Jefferies lowered its price target for BX from $185 to $161, indicating a cautious outlook.