One Wealth Management Investment & Advisory Services LLC Sells 601 Shares of Block, Inc. (NYSE:SQ)

One Wealth Management Investment & Advisory Services LLC lessened its stake in shares of Block, Inc. (NYSE:SQ) by 5.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,929 shares of the technology company’s stock after selling 601 shares during the quarter. Block makes up 1.3% of One Wealth Management Investment & Advisory Services LLC’s holdings, making the stock its 14th biggest holding. One Wealth Management Investment & Advisory Services LLC’s holdings in Block were worth $734,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Yoder Wealth Management Inc. grew its stake 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 worth $2,664,000 after purchasing an additional 145 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in 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 valued at $520,000 after acquiring an additional 145 shares during the last quarter. Moser Wealth Advisors LLC boosted 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 valued at $421,000 after acquiring an additional 153 shares during the last quarter. Lindbrook Capital LLC boosted its position in Block by 6.3% during the third quarter. Lindbrook Capital LLC now owns 2,592 shares of the technology company’s stock valued at $174,000 after acquiring an additional 154 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. boosted its position in Block by 13.8% during the third quarter. Quintet Private Bank Europe S.A. now owns 1,351 shares of the technology company’s stock valued at $91,000 after acquiring an additional 164 shares during the last quarter. Institutional investors own 70.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SQ. New Street Research began coverage on shares of Block in a research report on Monday, September 9th. They set a “neutral” rating and a $70.00 price target on the stock. Piper Sandler reiterated an “overweight” rating and set a $83.00 price objective on shares of Block in a report on Monday. Benchmark reiterated a “buy” rating and set a $99.00 price objective on shares of Block in a report on Friday, August 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 price objective on shares of Block in a report on Monday, October 21st. Finally, UBS Group dropped their price objective on shares of Block from $100.00 to $92.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.30.

Insiders Place Their Bets

In other Block news, CAO Ajmere Dale sold 1,406 shares of Block stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $64.70, for a total value of $90,968.20. Following the completion of the transaction, the chief accounting officer now directly owns 90,960 shares of the company’s stock, valued at approximately $5,885,112. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Brian Grassadonia sold 8,328 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $64.77, for a total transaction of $539,404.56. Following the completion of the sale, the insider now directly 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. Also, CAO Ajmere Dale sold 1,406 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $64.70, for a total transaction of $90,968.20. Following the sale, the chief accounting officer now owns 90,960 shares of the company’s stock, valued at $5,885,112. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,678 shares of company stock valued at $1,924,112. Insiders own 10.49% of the company’s stock.

Block Trading Down 1.6 %

NYSE:SQ opened at $85.82 on Thursday. Block, Inc. has a one year low of $53.82 and a one year high of $90.00. 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 company’s 50-day simple moving average is $69.67 and its 200 day simple moving average is $67.09. The firm has a market capitalization of $52.84 billion, a P/E ratio of 48.21, a PEG ratio of 1.18 and a beta of 2.48.

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.