1,109 Shares in Block, Inc. (NYSE:SQ) Bought by Darwin Wealth Management LLC

Darwin Wealth Management LLC bought a new position in shares of Block, Inc. (NYSE:SQ) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 1,109 shares of the technology company’s stock, valued at approximately $74,000.

Other hedge funds have also recently made changes to their positions in the company. Swiss National Bank raised its position in shares of Block by 0.5% in the 3rd quarter. Swiss National Bank now owns 1,651,886 shares of the technology company’s stock worth $110,891,000 after acquiring an additional 8,200 shares in the last quarter. National Pension Service raised its position in shares of Block by 13.5% in the 3rd quarter. National Pension Service now owns 1,083,113 shares of the technology company’s stock worth $72,709,000 after acquiring an additional 128,832 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of Block by 1.5% in the 3rd quarter. Baillie Gifford & Co. now owns 10,233,102 shares of the technology company’s stock worth $686,948,000 after acquiring an additional 147,873 shares in the last quarter. Lone Pine Capital LLC increased its position in Block by 13.9% in the 2nd quarter. Lone Pine Capital LLC now owns 7,670,523 shares of the technology company’s stock valued at $494,672,000 after buying an additional 934,588 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in Block by 2.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 541,204 shares of the technology company’s stock valued at $35,969,000 after buying an additional 14,163 shares in the last quarter. 70.44% of the stock is owned by institutional investors.

Insider Transactions at Block

In related news, CAO Ajmere Dale sold 500 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $67.00, for a total value of $33,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 90,460 shares in the company, valued at approximately $6,060,820. The trade was a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chrysty Esperanza sold 2,964 shares of the company’s stock in a transaction 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 transaction, the insider now owns 88,607 shares of the company’s stock, valued at $7,088,560. This trade represents a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,283 shares of company stock valued at $862,773. 10.49% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on SQ. Wells Fargo & Company decreased their target price on Block from $95.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Morgan Stanley decreased their target price on Block from $60.00 to $55.00 and set an “underweight” rating for the company in a research report on Tuesday, July 30th. Needham & Company LLC boosted their target price on Block from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Benchmark reiterated a “buy” rating and set a $99.00 price target on shares of Block in a research note on Friday, August 2nd. Finally, William Blair reiterated an “outperform” rating on shares of Block in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.18.

Block Trading Down 3.0 %

Shares of SQ stock opened at $89.69 on Thursday. The stock has a market capitalization of $55.59 billion, a price-to-earnings ratio of 50.39, a PEG ratio of 1.25 and a beta of 2.48. Block, Inc. has a 1 year low of $55.00 and a 1 year high of $93.00. The company’s fifty day simple moving average is $72.68 and its two-hundred day simple moving average is $67.82. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.07 and a quick ratio of 2.07.

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.