Block, Inc. (NYSE:SQ) Shares Purchased by Householder Group Estate & Retirement Specialist LLC

Householder Group Estate & Retirement Specialist LLC boosted its stake in shares of Block, Inc. (NYSE:SQFree Report) by 13.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,654 shares of the technology company’s stock after acquiring an additional 420 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in Block were worth $282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Decatur Capital Management Inc. increased its position in shares of Block by 11.1% during the first quarter. Decatur Capital Management Inc. now owns 3,783 shares of the technology company’s stock worth $513,000 after purchasing an additional 378 shares in the last quarter. Eudaimonia Partners LLC purchased a new stake in shares of Block during the first quarter worth $387,000. NewEdge Advisors LLC acquired a new stake in shares of Block in the second quarter valued at about $228,000. Prudential Financial Inc. lifted its stake in shares of Block by 31.3% in the second quarter. Prudential Financial Inc. now owns 25,320 shares of the technology company’s stock worth $1,616,000 after buying an additional 6,038 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in Block during the second quarter worth about $516,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

Block Stock Down 0.8 %

Shares of Block stock opened at $78.60 on Wednesday. Block, Inc. has a 52-week low of $38.85 and a 52-week high of $87.52. The company has a 50 day moving average of $74.01 and a 200 day moving average of $63.39. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $48.39 billion, a P/E ratio of 479.18, a P/E/G ratio of 2.40 and a beta of 2.55.

Block (NYSE:SQGet Free Report) last issued its earnings results on Thursday, February 22nd. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $5.69 billion. Block had a net margin of 0.04% and a return on equity of 0.63%. As a group, research analysts forecast that Block, Inc. will post 1.03 EPS for the current fiscal year.

Insider Transactions at Block

In other Block news, insider Brian Grassadonia sold 127,800 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $65.45, for a total value of $8,364,510.00. Following the transaction, the insider now directly owns 405,224 shares in the company, valued at $26,521,910.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Block news, insider Brian Grassadonia sold 127,800 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $65.45, for a total value of $8,364,510.00. Following the completion of the transaction, the insider now owns 405,224 shares in the company, valued at $26,521,910.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Ajmere Dale sold 656 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $64.30, for a total value of $42,180.80. Following the transaction, the chief accounting officer now directly owns 68,823 shares in the company, valued at approximately $4,425,318.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 248,603 shares of company stock valued at $17,705,302. 10.79% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SQ. Piper Sandler restated an “overweight” rating and issued a $88.00 target price (up from $86.00) on shares of Block in a report on Friday, February 23rd. Seaport Res Ptn upgraded shares of Block from a “neutral” rating to a “buy” rating in a research report on Friday, February 23rd. Truist Financial boosted their target price on shares of Block from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 23rd. BMO Capital Markets restated an “outperform” rating and set a $84.00 price target (down previously from $93.00) on shares of Block in a report on Tuesday, December 5th. Finally, TheStreet upgraded Block from a “d+” rating to a “c-” rating in a research report on Tuesday, December 19th. Seven investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, Block currently has a consensus rating of “Moderate Buy” and an average target price of $83.69.

Get Our Latest Stock Report on Block

Block Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Block (NYSE:SQ)

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