Block, Inc. (NYSE:SQ) Shares Acquired by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. lifted its position in Block, Inc. (NYSE:SQ) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,297 shares of the technology company’s stock after purchasing an additional 8,094 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Block were worth $7,371,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC grew its stake in shares of Block by 26.8% in the 4th quarter. Hexagon Capital Partners LLC now owns 805 shares of the technology company’s stock valued at $62,000 after purchasing an additional 170 shares during the last quarter. Washington Trust Advisors Inc. lifted its holdings in shares of Block by 38.7% during the fourth quarter. Washington Trust Advisors Inc. now owns 616 shares of the technology company’s stock worth $48,000 after purchasing an additional 172 shares during the period. Dynamic Advisor Solutions LLC grew its position in Block by 2.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 6,328 shares of the technology company’s stock valued at $489,000 after buying an additional 180 shares during the last quarter. WP Advisors LLC increased its stake in Block by 3.9% in the 4th quarter. WP Advisors LLC now owns 5,381 shares of the technology company’s stock valued at $416,000 after buying an additional 200 shares during the period. Finally, Larson Financial Group LLC raised its position in Block by 38.4% during the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the technology company’s stock worth $32,000 after buying an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on SQ. Royal Bank of Canada increased their price target on shares of Block from $77.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Wedbush restated an “outperform” rating and issued a $90.00 price target on shares of Block in a research note on Tuesday, February 20th. Robert W. Baird increased their price objective on Block from $95.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. BTIG Research upgraded shares of Block from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, January 30th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $60.00 price target (down previously from $62.00) on shares of Block in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $85.67.

Block Stock Up 1.8 %

Shares of NYSE:SQ opened at $68.06 on Thursday. Block, Inc. has a 12-month low of $38.85 and a 12-month high of $87.52. The stock’s 50-day moving average price is $77.77 and its two-hundred day moving average price is $67.82. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22. The firm has a market cap of $41.90 billion, a price-to-earnings ratio of 429.41, a PEG ratio of 2.02 and a beta of 2.57.

Block (NYSE:SQ) last announced its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $5.77 billion during the quarter, compared to analysts’ expectations of $5.69 billion. Block had a net margin of 0.04% and a return on equity of 0.63%. On average, research analysts forecast that Block, Inc. will post 1.11 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Ajmere Dale sold 656 shares of Block 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 of the company’s stock, valued at approximately $4,425,318.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Ajmere Dale sold 656 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $64.30, for a total value of $42,180.80. Following the transaction, the chief accounting officer now owns 68,823 shares of the company’s stock, valued at approximately $4,425,318.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Amrita Ahuja sold 2,581 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $64.30, for a total transaction of $165,958.30. Following the sale, the chief financial officer now directly owns 201,754 shares of the company’s stock, valued at $12,972,782.20. The disclosure for this sale can be found here. Insiders sold 363,801 shares of company stock worth $27,284,175 over the last three months. 10.79% of the stock is owned by insiders.

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.