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

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

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

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

Block Stock Down 0.2 %

NYSE SQ opened at $92.01 on Tuesday. The business has a fifty day moving average price of $87.55 and a 200 day moving average price of $73.48. Block, Inc. has a one year low of $55.00 and a one year high of $99.26. 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 company has a market cap of $57.03 billion, a P/E ratio of 51.69, a P/E/G ratio of 1.23 and a beta of 2.51.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Yoder Wealth Management Inc. increased its stake in shares of Block by 0.4% in the 3rd quarter. Yoder Wealth Management Inc. now owns 39,688 shares of the technology company’s stock worth $2,664,000 after acquiring an additional 145 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its stake in shares of Block by 1.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 7,744 shares of the technology company’s stock worth $520,000 after acquiring an additional 145 shares during the last quarter. Moser Wealth Advisors LLC increased its stake in shares of Block by 2.5% in the 3rd quarter. Moser Wealth Advisors LLC now owns 6,265 shares of the technology company’s stock worth $421,000 after acquiring an additional 153 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of 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 acquiring an additional 154 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Block by 14.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,192 shares of the technology company’s stock worth $80,000 after acquiring an additional 154 shares during the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $88.00 price objective on shares of Block in a report on Monday, October 21st. Needham & Company LLC increased their price target on shares of Block from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Piper Sandler reiterated an “overweight” rating and issued a $83.00 price target on shares of Block in a report on Monday, November 11th. Monness Crespi & Hardt upgraded shares of Block from a “neutral” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Friday, December 13th. Finally, Barclays increased their price target on shares of Block from $100.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.77.

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.