Block, Inc. (NYSE:XYZ) CFO Sells 1,976 Shares

Block, Inc. (NYSE:XYZ) CFO Amrita Ahuja sold 1,976 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $56.19, for a total transaction of $111,031.44. Following the completion of the transaction, the chief financial officer now owns 233,878 shares of the company’s stock, valued at approximately $13,141,604.82. The trade was a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, February 21st, Amrita Ahuja sold 6,345 shares of Block stock. The shares were sold at an average price of $70.32, for a total transaction of $446,180.40.

Block Stock Performance

NYSE:XYZ opened at $50.48 on Tuesday. The stock has a market cap of $31.27 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 0.72 and a beta of 2.77. The firm’s fifty day moving average is $68.83. Block, Inc. has a fifty-two week low of $46.42 and a fifty-two week high of $99.26. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.11). The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.23 billion. Block had a net margin of 11.92% and a return on equity of 5.80%. Equities analysts forecast that Block, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on XYZ shares. Barclays decreased their price target on Block from $112.00 to $97.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. BMO Capital Markets raised Block from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $100.00 to $89.00 in a research note on Monday, February 24th. Macquarie reissued an “outperform” rating and issued a $110.00 price target on shares of Block in a report on Thursday, March 6th. StockNews.com assumed coverage on shares of Block in a report on Saturday, February 15th. They set a “hold” rating for the company. Finally, UBS Group reduced their price objective on shares of Block from $98.00 to $97.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.46.

Institutional Trading of Block

Several institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake in shares of Block by 67.7% during the fourth quarter. Versant Capital Management Inc now owns 394 shares of the technology company’s stock valued at $33,000 after buying an additional 159 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Block by 48.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 418 shares of the technology company’s stock worth $36,000 after purchasing an additional 136 shares during the period. Rosenberg Matthew Hamilton increased its stake in Block by 18.3% in the fourth quarter. Rosenberg Matthew Hamilton now owns 982 shares of the technology company’s stock worth $83,000 after purchasing an additional 152 shares during the period. TD Private Client Wealth LLC lifted its position in shares of Block by 15.8% during the third quarter. TD Private Client Wealth LLC now owns 2,066 shares of the technology company’s stock worth $139,000 after purchasing an additional 282 shares during the last quarter. Finally, Ulland Investment Advisors LLC boosted its stake in shares of Block by 92.3% during the fourth quarter. Ulland Investment Advisors LLC now owns 2,135 shares of the technology company’s stock valued at $181,000 after purchasing an additional 1,025 shares during the period. Institutional investors own 70.44% of the company’s stock.

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.