Block, Inc. (NYSE:SQ) Stock Holdings Lifted by Arkadios Wealth Advisors

Arkadios Wealth Advisors boosted its position in Block, Inc. (NYSE:SQ) by 21.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,656 shares of the technology company’s stock after purchasing an additional 7,054 shares during the quarter. Arkadios Wealth Advisors’ holdings in Block were worth $3,455,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SQ. SouthState Corp lifted its position in Block by 85.3% in the 3rd quarter. SouthState Corp now owns 391 shares of the technology company’s stock valued at $26,000 after purchasing an additional 180 shares during the last quarter. True Wealth Design LLC lifted its position in Block by 64.7% in the 3rd quarter. True Wealth Design LLC now owns 494 shares of the technology company’s stock valued at $33,000 after purchasing an additional 194 shares during the last quarter. Versant Capital Management Inc lifted its position in Block by 67.7% in the 4th quarter. Versant Capital Management Inc now owns 394 shares of the technology company’s stock valued at $33,000 after purchasing an additional 159 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Block in the 3rd quarter valued at about $46,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Block in the 3rd quarter valued at about $57,000. 70.44% of the stock is currently owned by institutional investors.

Block Stock Up 0.7 %

Block stock opened at $87.00 on Friday. The firm has a market cap of $53.92 billion, a PE ratio of 48.88, a P/E/G ratio of 0.75 and a beta of 2.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.07 and a current ratio of 2.07. The firm’s 50 day moving average price is $89.61 and its two-hundred day moving average price is $74.68. Block, Inc. has a twelve month low of $55.00 and a twelve month high of $99.26.

Analyst Upgrades and Downgrades

A number of research firms have commented on SQ. Canaccord Genuity Group boosted their price target on shares of Block from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Raymond James upgraded shares of Block from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a research report on Friday, January 3rd. Keefe, Bruyette & Woods dropped their price target on shares of Block from $105.00 to $100.00 and set a “market perform” rating on the stock in a research report on Monday, January 6th. The Goldman Sachs Group boosted their price target on shares of Block from $87.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $88.00 price target on shares of Block in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Block presently has an average rating of “Moderate Buy” and a consensus price target of $97.68.

Insider Buying and Selling at Block

In other Block news, CAO Ajmere Dale sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $80.00, for a total value of $80,000.00. Following the transaction, the chief accounting officer now owns 88,791 shares in the company, valued at approximately $7,103,280. This represents a 1.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chrysty Esperanza sold 2,964 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $80.00, for a total transaction of $237,120.00. Following the completion of the sale, the insider now directly owns 88,607 shares of the company’s stock, valued at $7,088,560. This represents a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,981 shares of company stock worth $2,681,185. 10.49% of the stock is currently owned by company insiders.

Block 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.