Hedge funds cut NFLX, keep big bets on MSFT, AMZN, add NVDA
BlackRock Inc. (NYSE:BLK) reached an all-time high with its stock price climbing to 1131.93 USD, pushing its market capitalization to $174.6 billion. According to InvestingPro analysis, the company maintains a "GOOD" overall financial health score. This milestone reflects a robust performance over the past year, during which the company’s stock has appreciated by an impressive 32.1%. The company has maintained dividend payments for 23 consecutive years, with a current yield of 1.86%. Eight analysts have recently revised their earnings upwards for the upcoming period. The financial services giant continues to demonstrate strong market presence and investor confidence, driving its stock to new heights. This latest achievement underscores BlackRock’s resilience and adaptability in navigating the complexities of the global financial landscape. With analyst price targets ranging from $1,000 to $1,252, and currently trading slightly above its Fair Value, investors can access detailed analysis and 10 additional exclusive insights through InvestingPro’s comprehensive research report.
In other recent news, BlackRock Inc. reported robust financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $12.05, notably higher than the projected $10.6, and reported revenue of $5.42 billion, slightly above the anticipated $5.41 billion. In a significant development, BlackRock is leading a consortium in advanced discussions to acquire a $10 billion stake in Saudi Aramco (TADAWUL:2222)’s Jafurah natural gas project. Additionally, Keefe, Bruyette & Woods adjusted BlackRock’s stock price target to $1,215 from $1,260, citing margin pressure, but maintained an Outperform rating. The firm’s second-quarter earnings were described as a "lower quality" beat, driven by higher non-operating income. Furthermore, BlackRock’s Board of Directors declared a quarterly cash dividend of $5.21 per share, payable in September 2025. In another development, BlackRock has advised its staff to use loaner phones during business trips to China, reflecting growing concerns among global companies about operations in the region. These recent developments highlight the company’s strategic moves and operational challenges.
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