Block, Inc. (NYSE:SQ) Shares Acquired by Caz Investments LP

Caz Investments LP increased its holdings in Block, Inc. (NYSE:SQ) by 100.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,000 shares of the technology company’s stock after acquiring an additional 1,500 shares during the quarter. Block makes up about 0.1% of Caz Investments LP’s holdings, making the stock its 16th biggest position. Caz Investments LP’s holdings in Block were worth $198,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Yoder Wealth Management Inc. lifted its position in Block by 0.4% during the 3rd quarter. Yoder Wealth Management Inc. now owns 39,688 shares of the technology company’s stock worth $2,664,000 after acquiring an additional 145 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Block by 1.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 7,744 shares of the technology company’s stock worth $520,000 after purchasing an additional 145 shares during the period. Moser Wealth Advisors LLC grew its position in Block by 2.5% in the 3rd quarter. Moser Wealth Advisors LLC now owns 6,265 shares of the technology company’s stock valued at $421,000 after buying an additional 153 shares during the last quarter. Lindbrook Capital LLC increased its stake in Block by 6.3% in the 3rd quarter. Lindbrook Capital LLC now owns 2,592 shares of the technology company’s stock valued at $174,000 after buying an additional 154 shares during the period. Finally, Larson Financial Group LLC raised its position in Block by 14.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,192 shares of the technology company’s stock worth $80,000 after buying an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Block Stock Down 1.9 %

SQ opened at $89.04 on Wednesday. Block, Inc. has a 12 month low of $55.00 and a 12 month high of $94.12. The business has a 50-day moving average of $74.76 and a two-hundred day moving average of $68.32. 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 stock has a market capitalization of $55.19 billion, a price-to-earnings ratio of 50.02, a price-to-earnings-growth ratio of 1.22 and a beta of 2.48.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SQ shares. Benchmark reaffirmed a “buy” rating and issued a $99.00 target price on shares of Block in a report on Friday, August 2nd. New Street Research assumed coverage on Block in a report on Monday, September 9th. They issued a “neutral” rating and a $70.00 price objective on the stock. BNP Paribas downgraded Block from an “outperform” rating to a “neutral” rating and set a $88.00 target price for the company. in a research note on Wednesday, November 20th. Keefe, Bruyette & Woods raised their price target on Block from $71.00 to $80.00 and gave the company a “market perform” rating in a report on Friday, November 8th. Finally, Oppenheimer initiated coverage on Block in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.46.

Insider Activity at Block

In related news, CAO Ajmere Dale sold 1,781 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $91.43, for a total transaction of $162,836.83. Following the completion of the sale, the chief accounting officer now owns 86,010 shares of the company’s stock, valued at approximately $7,863,894.30. This represents a 2.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Amrita Ahuja sold 6,661 shares of Block stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $91.43, for a total transaction of $609,015.23. Following the transaction, the chief financial officer now directly owns 246,967 shares in the company, valued at approximately $22,580,192.81. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,053 shares of company stock worth $2,393,972. 10.49% of the stock is owned by company insiders.

Block 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.