3,030 Shares in Block, Inc. (NYSE:SQ) Purchased by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC purchased a new position in Block, Inc. (NYSE:SQ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,030 shares of the technology company’s stock, valued at approximately $279,000.

Several other institutional investors also recently added to or reduced their stakes in SQ. SouthState Corp increased its position in Block by 85.3% during the 3rd quarter. SouthState Corp now owns 391 shares of the technology company’s stock valued at $26,000 after purchasing an additional 180 shares during the period. True Wealth Design LLC increased its position in Block by 64.7% during the 3rd quarter. True Wealth Design LLC now owns 494 shares of the technology company’s stock valued at $33,000 after purchasing an additional 194 shares during the period. Versant Capital Management Inc increased its position in Block by 67.7% during the 4th quarter. Versant Capital Management Inc now owns 394 shares of the technology company’s stock valued at $33,000 after purchasing an additional 159 shares during the period. V Square Quantitative Management LLC purchased a new position in Block during the 3rd quarter valued at about $46,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Block in the 3rd quarter valued at about $57,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Block Trading Down 0.5 %

NYSE SQ opened at $82.15 on Tuesday. 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 $50.92 billion, a P/E ratio of 46.15, a PEG ratio of 1.23 and a beta of 2.51. The firm’s 50-day moving average is $88.79 and its two-hundred day moving average is $74.23. Block, Inc. has a 12 month low of $55.00 and a 12 month high of $99.26.

Insiders Place Their Bets

In other Block news, CAO Ajmere Dale sold 1,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $80.00, for a total transaction of $80,000.00. Following the sale, the chief accounting officer now directly owns 88,791 shares in the company, valued at $7,103,280. This represents a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Amrita Ahuja sold 1,502 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $86.52, for a total transaction of $129,953.04. Following the sale, the chief financial officer now owns 242,199 shares in the company, valued at $20,955,057.48. The trade was a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,981 shares of company stock worth $2,681,185 over the last three months. Company insiders own 10.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SQ shares. BMO Capital Markets cut shares of Block from an “outperform” rating to a “market perform” rating and raised their price target for the company from $94.00 to $100.00 in a report on Monday, November 25th. Monness Crespi & Hardt upgraded shares of Block from a “neutral” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Friday, December 13th. Morgan Stanley raised their price target on shares of Block from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Wednesday, December 18th. Needham & Company LLC raised their price target on shares of Block from $80.00 to $90.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Block from $105.00 to $100.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.77.

About Block

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.