Natixis Advisors LLC Has $34.33 Million Position in Block, Inc. (NYSE:SQ)

Natixis Advisors LLC grew its stake in Block, Inc. (NYSE:SQ) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 511,361 shares of the technology company’s stock after buying an additional 976 shares during the period. Natixis Advisors LLC’s holdings in Block were worth $34,327,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SQ. Yoder Wealth Management Inc. lifted its holdings in 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 buying an additional 145 shares during the period. Nations Financial Group Inc. IA ADV raised its position in shares of Block by 1.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 7,744 shares of the technology company’s stock worth $520,000 after acquiring an additional 145 shares in the last quarter. Moser Wealth Advisors LLC lifted its stake in shares of Block by 2.5% in 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. Lindbrook Capital LLC boosted its position in shares of Block by 6.3% during the 3rd quarter. Lindbrook Capital LLC now owns 2,592 shares of the technology company’s stock valued at $174,000 after purchasing an additional 154 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. grew its stake in Block by 13.8% during the third quarter. Quintet Private Bank Europe S.A. now owns 1,351 shares of the technology company’s stock worth $91,000 after purchasing an additional 164 shares during the period. 70.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. William Blair restated an “outperform” rating on shares of Block in a report on Friday. BMO Capital Markets cut their target price on shares of Block from $93.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Piper Sandler reiterated an “overweight” rating and set a $83.00 price objective on shares of Block in a report on Monday, November 11th. Benchmark reissued a “buy” rating and set a $99.00 price objective on shares of Block in a research report on Friday, August 2nd. Finally, New Street Research started coverage on Block in a research report on Monday, September 9th. They issued a “neutral” rating and a $70.00 target price for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Block presently has an average rating of “Moderate Buy” and an average price target of $91.30.

Insider Activity

In other Block news, insider Brian Grassadonia sold 8,328 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $64.77, for a total transaction of $539,404.56. Following the sale, the insider now directly owns 580,086 shares of the company’s stock, valued at $37,572,170.22. This represents a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chrysty Esperanza sold 2,964 shares of Block stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $80.00, for a total transaction of $237,120.00. Following the completion of the transaction, the insider now owns 88,607 shares of the company’s stock, valued at $7,088,560. The trade was a 3.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,678 shares of company stock valued at $1,924,112 in the last three months. Company insiders own 10.49% of the company’s stock.

Block Stock Performance

NYSE SQ opened at $84.30 on Monday. The company has a market capitalization of $51.90 billion, a PE ratio of 47.36, a price-to-earnings-growth ratio of 1.14 and a beta of 2.48. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.07 and a current ratio of 2.07. Block, Inc. has a 52-week low of $55.00 and a 52-week high of $90.00. The company has a 50-day simple moving average of $70.94 and a 200 day simple moving average of $67.36.

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.