Capital Performance Advisors LLP Invests $83,000 in Block, Inc. (NYSE:SQ)

Capital Performance Advisors LLP purchased a new stake in shares of Block, Inc. (NYSE:SQ) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,242 shares of the technology company’s stock, valued at approximately $83,000.

A number of other large investors also recently bought and sold shares of SQ. Norden Group LLC acquired a new position in shares of Block in the 1st quarter valued at $480,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Block by 53.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 6,947 shares of the technology company’s stock worth $588,000 after acquiring an additional 2,432 shares in the last quarter. Empowered Funds LLC grew its position in shares of Block by 28.2% during the 1st quarter. Empowered Funds LLC now owns 20,750 shares of the technology company’s stock valued at $1,755,000 after acquiring an additional 4,561 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Block by 12.9% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,834 shares of the technology company’s stock valued at $324,000 after purchasing an additional 439 shares in the last quarter. Finally, Forsta AP Fonden raised its holdings in Block by 13.1% in the 1st quarter. Forsta AP Fonden now owns 113,800 shares of the technology company’s stock worth $9,625,000 after purchasing an additional 13,200 shares during the period. 70.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Block

In other Block news, CAO Ajmere Dale sold 500 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $61.88, for a total value of $30,940.00. Following the completion of the transaction, the chief accounting officer now owns 92,366 shares in the company, valued at $5,715,608.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Brian Grassadonia sold 1,884 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $65.41, for a total transaction of $123,232.44. Following the completion of the sale, the insider now owns 574,914 shares in the company, valued at $37,605,124.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Ajmere Dale sold 500 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $61.88, for a total transaction of $30,940.00. Following the sale, the chief accounting officer now owns 92,366 shares of the company’s stock, valued at $5,715,608.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,214 shares of company stock worth $1,637,932. 10.49% of the stock is currently owned by insiders.

Block Trading Down 0.9 %

NYSE SQ opened at $74.57 on Friday. Block, Inc. has a 52 week low of $50.86 and a 52 week high of $87.52. The firm has a 50 day moving average of $68.86 and a two-hundred day moving average of $67.03. The stock has a market capitalization of $45.91 billion, a PE ratio of 58.26, a price-to-earnings-growth ratio of 1.06 and a beta of 2.48. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.26.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SQ shares. Benchmark restated a “buy” rating and issued a $99.00 price objective on shares of Block in a research report on Friday, August 2nd. UBS Group reduced their price objective on shares of Block from $100.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Macquarie reiterated an “outperform” rating and issued a $100.00 target price on shares of Block in a research report on Friday, July 26th. Keefe, Bruyette & Woods boosted their target price on shares of Block from $71.00 to $80.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, Oppenheimer started coverage on shares of Block in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Block presently has an average rating of “Moderate Buy” and an average target price of $90.56.

Block Company Profile

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.