Block, Inc. (NYSE:SQ) Shares Sold by Oak Thistle LLC

Oak Thistle LLC decreased its stake in shares of Block, Inc. (NYSE:SQ) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,602 shares of the technology company’s stock after selling 2,697 shares during the period. Oak Thistle LLC’s holdings in Block were worth $1,751,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Yoder Wealth Management Inc. boosted its holdings in shares of Block by 0.4% in the third quarter. Yoder Wealth Management Inc. now owns 39,688 shares of the technology company’s stock valued at $2,664,000 after acquiring an additional 145 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in Block by 1.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 7,744 shares of the technology company’s stock worth $520,000 after purchasing an additional 145 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Block by 0.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,864 shares of the technology company’s stock worth $2,283,000 after purchasing an additional 145 shares during the period. Rosenberg Matthew Hamilton boosted its stake in Block by 18.3% during the 4th quarter. Rosenberg Matthew Hamilton now owns 982 shares of the technology company’s stock valued at $83,000 after purchasing an additional 152 shares in the last quarter. Finally, Moser Wealth Advisors LLC increased its position in shares of Block by 2.5% during the 3rd quarter. Moser Wealth Advisors LLC now owns 6,265 shares of the technology company’s stock valued at $421,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 70.44% of the company’s stock.

Insider Buying and Selling

In other Block news, CAO Ajmere Dale sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $80.00, for a total value of $80,000.00. Following the sale, the chief accounting officer now owns 88,791 shares of the company’s stock, valued at $7,103,280. This trade represents a 1.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Amrita Ahuja sold 1,502 shares of Block stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $86.52, for a total value of $129,953.04. Following the completion of the transaction, the chief financial officer now directly owns 242,199 shares in the company, valued at approximately $20,955,057.48. This represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,981 shares of company stock worth $2,681,185. 10.49% of the stock is currently owned by insiders.

Analyst Ratings Changes

SQ has been the subject of several research analyst reports. Monness Crespi & Hardt upgraded Block from a “neutral” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Friday, December 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $88.00 price target on shares of Block in a report on Monday, October 21st. Canaccord Genuity Group raised their price objective on shares of Block from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Citigroup boosted their target price on shares of Block from $90.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Needham & Company LLC raised their target price on shares of Block from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $97.35.

Block Price Performance

Shares of NYSE:SQ opened at $82.45 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market capitalization of $51.10 billion, a P/E ratio of 46.32, a P/E/G ratio of 1.23 and a beta of 2.51. The business has a 50-day moving average of $88.99 and a two-hundred day moving average of $74.36. Block, Inc. has a fifty-two week low of $55.00 and a fifty-two week high of $99.26.

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.