Is Blackstone Stock Underperforming the Nasdaq?

Company Overview - Blackstone Inc. (BX) is valued at a market cap of $107 billion and specializes in alternative asset management, including private equity, real estate, hedge fund solutions, credit, and multi-asset class strategies [1] - The company raises capital from various sources such as pension funds, sovereign wealth funds, insurance companies, high-net-worth individuals, and retail investors, deploying it across a diversified portfolio of private and public assets [1][2] Market Position - BX is classified as a "large-cap stock" due to its market cap exceeding $10 billion, highlighting its size, influence, and dominance in the asset management industry [2] - The company is recognized for its scale, deep industry expertise, disciplined investment approach, and ability to drive value creation through operational improvements and strategic growth initiatives [2] Stock Performance - BX shares have declined 25.4% from their 52-week high of $194.23, reached on November 27, 2024, and have fallen 15.5% over the past three months, underperforming the Nasdaq Composite's 7.8% rise during the same period [3] - Over the past 52 weeks, BX has decreased by 24.4%, while the Nasdaq Composite has increased by 21.1% [4] - Year-to-date, shares of Blackstone are down 16%, compared to the Nasdaq's 20.2% return [4] Earnings Report - On October 23, BX's shares dropped 4.2% following its Q3 earnings release, despite better-than-expected results [5] - The company's total revenue for Q3 declined 15.7% year-over-year to $3.1 billion, although it exceeded consensus estimates [5] - Distributable earnings increased by 50.5% from the previous year to $1.52 per share, surpassing Wall Street expectations of $1.21 [5] - Fee-related earnings rose 26% from the same period last year, reaching $1.5 billion [5]