Block, Inc. (NYSE:SQ) CFO Amrita Ahuja Sells 5,277 Shares

Block, Inc. (NYSE:SQGet Free Report) CFO Amrita Ahuja sold 5,277 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $64.13, for a total transaction of $338,414.01. Following the sale, the chief financial officer now owns 274,410 shares of the company’s stock, valued at $17,597,913.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, May 21st, Amrita Ahuja sold 6,788 shares of Block stock. The stock was sold at an average price of $71.26, for a total transaction of $483,712.88.

Block Stock Up 2.1 %

NYSE:SQ opened at $65.78 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market capitalization of $40.59 billion, a price-to-earnings ratio of 85.43, a price-to-earnings-growth ratio of 1.51 and a beta of 2.52. Block, Inc. has a one year low of $38.85 and a one year high of $87.52. The stock has a 50-day simple moving average of $66.83 and a 200 day simple moving average of $71.28.

Block (NYSE:SQGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.32. Block had a net margin of 2.18% and a return on equity of 2.04%. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $5.75 billion. Sell-side analysts predict that Block, Inc. will post 1.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Axxcess Wealth Management LLC boosted its position in shares of Block by 3.7% during the 3rd quarter. Axxcess Wealth Management LLC now owns 10,788 shares of the technology company’s stock valued at $477,000 after purchasing an additional 387 shares in the last quarter. Alps Advisors Inc. lifted its stake in Block by 6.4% during the third quarter. Alps Advisors Inc. now owns 18,111 shares of the technology company’s stock valued at $802,000 after purchasing an additional 1,084 shares during the last quarter. Lido Advisors LLC boosted its holdings in Block by 15.6% during the third quarter. Lido Advisors LLC now owns 4,934 shares of the technology company’s stock worth $218,000 after buying an additional 664 shares in the last quarter. Royal London Asset Management Ltd. increased its holdings in shares of Block by 4.5% in the third quarter. Royal London Asset Management Ltd. now owns 208,339 shares of the technology company’s stock valued at $9,224,000 after buying an additional 9,009 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Block by 435.9% during the third quarter. GSA Capital Partners LLP now owns 23,292 shares of the technology company’s stock worth $1,031,000 after purchasing an additional 18,946 shares during the period. 70.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SQ shares. Mizuho increased their price target on shares of Block from $99.00 to $106.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Morgan Stanley restated an “underweight” rating and issued a $60.00 target price (down previously from $62.00) on shares of Block in a report on Thursday, April 4th. Susquehanna reiterated a “positive” rating and set a $100.00 price target on shares of Block in a research note on Wednesday, June 26th. Canaccord Genuity Group restated a “buy” rating and set a $95.00 price objective on shares of Block in a research report on Friday, May 3rd. Finally, The Goldman Sachs Group restated a “buy” rating and set a $80.00 price objective on shares of Block in a research report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $87.13.

Read Our Latest Research Report on SQ

About Block

(Get 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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Insider Buying and Selling by Quarter for Block (NYSE:SQ)

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