Block, Inc. (NYSE:SQ) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in Block, Inc. (NYSE:SQFree Report) by 82.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,983 shares of the technology company’s stock after selling 167,304 shares during the period. SG Americas Securities LLC’s holdings in Block were worth $2,706,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Decatur Capital Management Inc. increased its holdings in Block by 11.1% in the first quarter. Decatur Capital Management Inc. now owns 3,783 shares of the technology company’s stock valued at $513,000 after buying an additional 378 shares in the last quarter. Eudaimonia Partners LLC purchased a new position in Block in the first quarter valued at about $387,000. NewEdge Advisors LLC purchased a new position in Block in the second quarter valued at about $228,000. Prudential Financial Inc. increased its holdings in Block by 31.3% in the second quarter. Prudential Financial Inc. now owns 25,320 shares of the technology company’s stock valued at $1,616,000 after buying an additional 6,038 shares in the last quarter. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Block during the 2nd quarter worth approximately $516,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Insider Buying and Selling at Block

In other news, insider Brian Grassadonia sold 111,914 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $78.17, for a total value of $8,748,317.38. Following the completion of the sale, the insider now directly owns 443,979 shares of the company’s stock, valued at approximately $34,705,838.43. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Brian Grassadonia sold 111,914 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $78.17, for a total value of $8,748,317.38. Following the sale, the insider now directly owns 443,979 shares in the company, valued at approximately $34,705,838.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Ajmere Dale sold 656 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $64.30, for a total transaction of $42,180.80. Following the completion of the sale, the chief accounting officer now owns 68,823 shares in the company, valued at $4,425,318.90. The disclosure for this sale can be found here. Insiders sold 258,056 shares of company stock valued at $18,407,064 in the last ninety days. Company insiders own 10.79% of the company’s stock.

Block Price Performance

SQ opened at $83.82 on Wednesday. The company has a 50-day moving average of $72.18 and a 200-day moving average of $62.34. The company has a market capitalization of $51.61 billion, a P/E ratio of 486.00, a PEG ratio of 2.29 and a beta of 2.55. Block, Inc. has a 1-year low of $38.85 and a 1-year high of $87.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 1.90.

Block (NYSE:SQGet Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Block had a net margin of 0.04% and a return on equity of 0.63%. The business had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $5.69 billion. Equities analysts expect that Block, Inc. will post 1.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SQ has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their price objective on shares of Block from $74.00 to $78.00 and gave the stock a “market perform” rating in a research note on Friday, February 23rd. BMO Capital Markets reissued an “outperform” rating and set a $84.00 price objective (down from $93.00) on shares of Block in a research note on Tuesday, December 5th. Seaport Res Ptn raised shares of Block from a “neutral” rating to a “buy” rating in a research note on Friday, February 23rd. Monness Crespi & Hardt raised their target price on shares of Block from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, Wedbush restated an “outperform” rating and set a $90.00 target price on shares of Block in a research report on Tuesday, February 20th. Seven equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.59.

View Our Latest Research Report on SQ

Block Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Block (NYSE:SQ)

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