Block, Inc. (NYSE:SQ) CFO Amrita Ahuja Sells 6,661 Shares

Block, Inc. (NYSE:SQ) CFO Amrita Ahuja sold 6,661 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $91.43, for a total value of $609,015.23. Following the completion of the sale, the chief financial officer now owns 246,967 shares of the company’s stock, valued at $22,580,192.81. The trade was a 2.63 % 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 Wednesday, October 2nd, Amrita Ahuja sold 5,935 shares of Block stock. The shares were sold at an average price of $65.53, for a total value of $388,920.55.

Block Stock Performance

Shares of Block stock traded down $1.47 during trading on Monday, reaching $90.79. The company’s stock had a trading volume of 11,098,508 shares, compared to its average volume of 8,247,609. Block, Inc. has a one year low of $55.00 and a one year high of $94.12. 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 firm has a market cap of $56.27 billion, a price-to-earnings ratio of 50.74, a price-to-earnings-growth ratio of 1.24 and a beta of 2.48. The business’s fifty day moving average price is $73.83 and its 200-day moving average price is $68.07.

Wall Street Analyst Weigh In

SQ has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 target price on shares of Block in a research note on Monday, October 21st. Keefe, Bruyette & Woods boosted their price objective on shares of Block from $71.00 to $80.00 and gave the company a “market perform” rating in a research report on Friday, November 8th. Oppenheimer started coverage on shares of Block in a research report on Tuesday, October 1st. They issued a “market perform” rating for the company. Canaccord Genuity Group lifted their target price on shares of Block from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, BMO Capital Markets downgraded shares of Block from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $94.00 to $100.00 in a research note on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Block has a consensus rating of “Moderate Buy” and an average target price of $91.46.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SQ. Swiss National Bank boosted its position in shares of Block by 0.5% in the third quarter. Swiss National Bank now owns 1,651,886 shares of the technology company’s stock valued at $110,891,000 after acquiring an additional 8,200 shares during the period. National Pension Service raised its stake in Block by 13.5% during the 3rd quarter. National Pension Service now owns 1,083,113 shares of the technology company’s stock valued at $72,709,000 after purchasing an additional 128,832 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in Block by 1.5% in the 3rd quarter. Baillie Gifford & Co. now owns 10,233,102 shares of the technology company’s stock valued at $686,948,000 after purchasing an additional 147,873 shares during the period. Lone Pine Capital LLC grew its position in Block by 13.9% in the 2nd quarter. Lone Pine Capital LLC now owns 7,670,523 shares of the technology company’s stock worth $494,672,000 after purchasing an additional 934,588 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Block by 2.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 541,204 shares of the technology company’s stock worth $35,969,000 after purchasing an additional 14,163 shares during the period. 70.44% of the stock is owned by institutional investors.

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.