Block, Inc. (NYSE:SQ) Shares Acquired by Moser Wealth Advisors LLC

Moser Wealth Advisors LLC lifted its stake in shares of Block, Inc. (NYSE:SQ) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,265 shares of the technology company’s stock after acquiring an additional 153 shares during the period. Moser Wealth Advisors LLC’s holdings in Block were worth $421,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SQ. LRI Investments LLC purchased a new position in Block during the first quarter worth about $34,000. Unique Wealth Strategies LLC purchased a new position in shares of Block in the 2nd quarter worth about $34,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Block in the 2nd quarter worth about $44,000. V Square Quantitative Management LLC purchased a new position in shares of Block in the 3rd quarter worth about $46,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of Block in the 2nd quarter worth about $49,000. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Brian Grassadonia sold 8,328 shares of Block stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $64.77, for a total transaction of $539,404.56. Following the transaction, the insider now owns 580,086 shares in the company, valued at approximately $37,572,170.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Block news, insider Brian Grassadonia sold 8,328 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $64.77, for a total value of $539,404.56. Following the transaction, the insider now owns 580,086 shares in the company, valued at $37,572,170.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Amrita Ahuja sold 6,661 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $64.70, for a total value of $430,966.70. Following the completion of the transaction, the chief financial officer now owns 264,697 shares in the company, valued at $17,125,895.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,714 shares of company stock worth $1,606,992. 10.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on SQ shares. Piper Sandler reiterated an “overweight” rating and set a $83.00 target price on shares of Block in a report on Monday. Keefe, Bruyette & Woods lifted their target price on Block from $71.00 to $80.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. UBS Group cut their price target on Block from $100.00 to $92.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Macquarie reissued an “outperform” rating and issued a $100.00 price target on shares of Block in a report on Friday, July 26th. Finally, William Blair raised Block to a “strong-buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.30.

Block Stock Performance

Shares of SQ stock opened at $87.20 on Wednesday. Block, Inc. has a 1-year low of $50.86 and a 1-year high of $87.52. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $53.68 billion, a price-to-earnings ratio of 48.99, a P/E/G ratio of 1.11 and a beta of 2.48. The stock’s fifty day simple moving average is $69.21 and its 200-day simple moving average is $67.00.

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.