Amrita Ahuja Sells 1,502 Shares of Block, Inc. (NYSE:SQ) Stock

Block, Inc. (NYSE:SQ) CFO Amrita Ahuja sold 1,502 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $86.52, for a total transaction of $129,953.04. Following the transaction, the chief financial officer now directly owns 242,199 shares in the company, valued at approximately $20,955,057.48. This represents a 0.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, November 21st, Amrita Ahuja sold 6,661 shares of Block stock. The stock was sold at an average price of $91.43, for a total value of $609,015.23.

Block Stock Down 1.2 %

Shares of NYSE:SQ opened at $86.61 on Thursday. The company’s fifty day moving average is $88.11 and its two-hundred day moving average is $73.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.07 and a current ratio of 2.07. Block, Inc. has a 1-year low of $55.00 and a 1-year high of $99.26. The stock has a market capitalization of $53.68 billion, a price-to-earnings ratio of 48.66, a price-to-earnings-growth ratio of 1.23 and a beta of 2.51.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SQ shares. Canaccord Genuity Group boosted their price target on Block from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Barclays raised their price target on shares of Block from $100.00 to $112.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Raymond James upgraded shares of Block from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Friday, January 3rd. Piper Sandler reissued an “overweight” rating and issued a $83.00 target price on shares of Block in a research note on Monday, November 11th. Finally, BNP Paribas cut shares of Block from an “outperform” rating to a “neutral” rating and set a $88.00 price target for the company. in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, Block presently has an average rating of “Moderate Buy” and an average target price of $96.77.

Institutional Investors Weigh In On Block

Several institutional investors and hedge funds have recently bought and sold shares of the business. Yoder Wealth Management Inc. boosted its stake in Block by 0.4% during the 3rd 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 raised its holdings in shares of 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 buying an additional 145 shares during the last quarter. Moser Wealth Advisors LLC boosted its position in shares of 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 during the period. Lindbrook Capital LLC grew its holdings in Block by 6.3% in the 3rd quarter. Lindbrook Capital LLC now owns 2,592 shares of the technology company’s stock worth $174,000 after buying an additional 154 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in Block by 14.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,192 shares of the technology company’s stock valued at $80,000 after acquiring an additional 154 shares during the period. Institutional investors and hedge funds own 70.44% of the company’s stock.

About Block

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.