Block, Inc. (NYSE:SQ) CFO Sells $609,015.23 in Stock

Block, Inc. (NYSE:SQ) CFO Amrita Ahuja sold 6,661 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $91.43, for a total value of $609,015.23. Following the transaction, the chief financial officer now directly owns 246,967 shares of the company’s stock, valued at $22,580,192.81. This represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Amrita Ahuja also recently made the following trade(s):

• On Wednesday, October 2nd, Amrita Ahuja sold 5,935 shares of Block stock. The stock was sold at an average price of $65.53, for a total value of $388,920.55.

Block Trading Down 0.3 %

Shares of NYSE:SQ opened at $88.77 on Thursday. The company has a market capitalization of $55.02 billion, a P/E ratio of 49.87, a P/E/G ratio of 1.22 and a beta of 2.48. Block, Inc. has a 1 year low of $55.00 and a 1 year high of $94.12. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.07 and a quick ratio of 2.07. The business’s 50 day simple moving average is $75.20 and its 200 day simple moving average is $68.47.

Institutional Investors Weigh In On Block

A number of large investors have recently modified their holdings of SQ. Gamco Investors INC. ET AL acquired a new stake in shares of Block in the 1st quarter valued at $248,000. LRI Investments LLC acquired a new stake in shares of Block during the 1st quarter valued at $63,000. SVB Wealth LLC boosted its holdings in shares of Block by 5.6% during the 1st quarter. SVB Wealth LLC now owns 4,960 shares of the technology company’s stock valued at $420,000 after acquiring an additional 261 shares in the last quarter. Interval Partners LP boosted its holdings in shares of Block by 2,957.1% during the 1st quarter. Interval Partners LP now owns 10,000 shares of the technology company’s stock valued at $846,000 after acquiring an additional 10,350 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of Block by 8.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 13,827 shares of the technology company’s stock valued at $1,169,000 after acquiring an additional 1,132 shares in the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on SQ. Oppenheimer began coverage on Block in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. UBS Group reduced their price target on Block from $100.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. BNP Paribas cut Block from an “outperform” rating to a “neutral” rating and set a $88.00 price target for the company. in a research report on Wednesday, November 20th. Canaccord Genuity Group increased their price target on Block from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, New Street Research began coverage on Block in a research report on Monday, September 9th. They set a “neutral” rating and a $70.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, Block presently has a consensus rating of “Moderate Buy” and an average price target of $91.46.

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.