Block, Inc. (NYSE:SQ) Stock Holdings Lifted by Stonekeep Investments LLC

Stonekeep Investments LLC lifted its position in Block, Inc. (NYSE:SQ) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,606 shares of the technology company’s stock after buying an additional 805 shares during the quarter. Stonekeep Investments LLC’s holdings in Block were worth $391,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Yoder Wealth Management Inc. raised its position in shares of Block by 0.4% in the third quarter. Yoder Wealth Management Inc. now owns 39,688 shares of the technology company’s stock valued at $2,664,000 after purchasing an additional 145 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in shares of Block by 1.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 7,744 shares of the technology company’s stock valued at $520,000 after acquiring an additional 145 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Block by 0.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,864 shares of the technology company’s stock worth $2,283,000 after acquiring an additional 145 shares during the period. Rosenberg Matthew Hamilton raised its position in shares of Block by 18.3% during the fourth quarter. Rosenberg Matthew Hamilton now owns 982 shares of the technology company’s stock valued at $83,000 after buying an additional 152 shares during the last quarter. Finally, Moser Wealth Advisors LLC grew its position in Block by 2.5% during the third quarter. Moser Wealth Advisors LLC now owns 6,265 shares of the technology company’s stock worth $421,000 after buying an additional 153 shares in the last quarter. Institutional investors own 70.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SQ. BNP Paribas lowered Block from an “outperform” rating to a “neutral” rating and set a $88.00 price objective on the stock. in a report on Wednesday, November 20th. William Blair reissued an “outperform” rating on shares of Block in a report on Friday, November 15th. Morgan Stanley lifted their target price on shares of Block from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Wednesday, December 18th. Macquarie boosted their price objective on Block from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, Canaccord Genuity Group lifted their target price on shares of Block from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $97.68.

Insider Activity at Block

In related news, 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 sale, the chief financial officer now directly owns 246,967 shares in the company, valued at $22,580,192.81. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Ajmere Dale sold 1,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $80.00, for a total value of $80,000.00. Following the transaction, the chief accounting officer now directly owns 88,791 shares of the company’s stock, valued at approximately $7,103,280. This represents a 1.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,981 shares of company stock valued at $2,681,185. 10.49% of the stock is owned by insiders.

Block Stock Up 0.7 %

NYSE SQ opened at $87.00 on Friday. The business has a fifty day moving average price of $89.61 and a two-hundred day moving average price of $74.68. The stock has a market capitalization of $53.92 billion, a PE ratio of 48.88, a PEG ratio of 0.75 and a beta of 2.51. Block, Inc. has a fifty-two week low of $55.00 and a fifty-two week high of $99.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.07 and a quick ratio of 2.07.

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.