Block, Inc. (NYSE:SQ) CFO Amrita Ahuja Sells 6,788 Shares

Block, Inc. (NYSE:SQ) CFO Amrita Ahuja sold 6,788 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $71.26, for a total value of $483,712.88. Following the sale, the chief financial officer now owns 282,886 shares in the company, valued at approximately $20,158,456.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, April 2nd, Amrita Ahuja sold 4,170 shares of Block stock. The stock was sold at an average price of $78.84, for a total value of $328,762.80.

Block Stock Down 0.4 %

SQ stock opened at $66.34 on Friday. The company has a market cap of $40.93 billion, a P/E ratio of 86.16, a price-to-earnings-growth ratio of 1.58 and a beta of 2.57. Block, Inc. has a fifty-two week low of $38.85 and a fifty-two week high of $87.52. The stock’s 50 day simple moving average is $75.19 and its 200 day simple moving average is $70.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.64 and a current ratio of 1.64.

Block (NYSE:SQ) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.15 by $0.32. The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $5.75 billion. Block had a return on equity of 2.04% and a net margin of 2.18%. On average, research analysts expect that Block, Inc. will post 1.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Truist Financial boosted their price objective on Block from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Citigroup boosted their price objective on Block from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. William Blair reiterated a “market perform” rating on shares of Block in a research report on Friday, February 23rd. Needham & Company LLC upped their price target on Block from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Keefe, Bruyette & Woods upped their price target on Block from $74.00 to $78.00 and gave the company a “market perform” rating in a research report on Friday, February 23rd. One research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.59.

Institutional Trading of Block

Several institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Block during the fourth quarter valued at approximately $528,996,000. Baillie Gifford & Co. increased its position in shares of Block by 3,525.7% during the fourth quarter. Baillie Gifford & Co. now owns 5,935,002 shares of the technology company’s stock valued at $459,072,000 after acquiring an additional 5,771,310 shares during the last quarter. Lone Pine Capital LLC purchased a new stake in shares of Block during the third quarter valued at approximately $172,001,000. Trivest Advisors Ltd purchased a new stake in shares of Block during the fourth quarter valued at approximately $157,021,000. Finally, Vanguard Group Inc. increased its position in shares of Block by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 36,192,701 shares of the technology company’s stock valued at $2,799,505,000 after acquiring an additional 1,277,043 shares during the last quarter. 70.44% of the stock is owned by hedge funds and other 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.