Amrita Ahuja Sells 1,502 Shares of Block, Inc. (NYSE:SQ) Stock

Block, Inc. (NYSE:SQ) CFO Amrita Ahuja sold 1,502 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $86.52, for a total value of $129,953.04. Following the sale, the chief financial officer now owns 242,199 shares of the company’s stock, valued at approximately $20,955,057.48. This represents a 0.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, November 21st, Amrita Ahuja sold 6,661 shares of Block stock. The shares were sold at an average price of $91.43, for a total value of $609,015.23.

Block Stock Performance

SQ opened at $87.66 on Wednesday. Block, Inc. has a twelve month low of $55.00 and a twelve month high of $99.26. The firm has a market capitalization of $54.33 billion, a PE ratio of 49.25, a PEG ratio of 1.23 and a beta of 2.51. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $87.84 and its 200 day moving average price is $73.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Asset Management Inc boosted its stake in Block by 7.4% during the second quarter. CIBC Asset Management Inc now owns 18,855 shares of the technology company’s stock worth $1,216,000 after buying an additional 1,305 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Block by 65.8% in the second quarter. Larson Financial Group LLC now owns 1,038 shares of the technology company’s stock valued at $67,000 after purchasing an additional 412 shares during the period. TD Asset Management Inc increased its position in Block by 1.0% during the second quarter. TD Asset Management Inc now owns 139,574 shares of the technology company’s stock worth $9,001,000 after purchasing an additional 1,354 shares during the last quarter. National Bank of Canada FI raised its stake in Block by 32.4% during the second quarter. National Bank of Canada FI now owns 37,395 shares of the technology company’s stock worth $2,384,000 after purchasing an additional 9,142 shares during the period. Finally, Arizona State Retirement System boosted its holdings in Block by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 160,950 shares of the technology company’s stock valued at $10,380,000 after purchasing an additional 2,094 shares during the last quarter. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SQ has been the topic of several research analyst reports. Barclays boosted their price target on Block from $100.00 to $112.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Macquarie upped their price objective on shares of Block from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Needham & Company LLC boosted their target price on shares of Block from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Morgan Stanley increased their price target on Block from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 18th. Finally, BMO Capital Markets cut Block from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $94.00 to $100.00 in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $96.77.

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.