Block, Inc. (NYSE:XYZ) CAO Sells $27,240.00 in Stock

Block, Inc. (NYSE:XYZ) CAO Ajmere Dale sold 500 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $54.48, for a total transaction of $27,240.00. Following the completion of the sale, the chief accounting officer now owns 81,999 shares of the company’s stock, valued at $4,467,305.52. This trade represents a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ajmere Dale also recently made the following trade(s):

• On Friday, February 21st, Ajmere Dale sold 1,467 shares of Block stock. The stock was sold at an average price of $70.32, for a total transaction of $103,159.44.

Block Stock Down 6.7 %

Shares of XYZ traded down $3.87 during trading on Thursday, reaching $53.99. The company’s stock had a trading volume of 13,266,000 shares, compared to its average volume of 8,621,796. The company has a market cap of $33.45 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 0.72 and a beta of 2.77. 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 business’s fifty day moving average price is $70.66. Block, Inc. has a twelve month low of $52.25 and a twelve month high of $99.26.

Block (NYSE:XYZ) last posted its quarterly earnings results on Thursday, February 20th. The technology company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.11). The company had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.23 billion. Block had a net margin of 11.92% and a return on equity of 5.80%. As a group, equities analysts forecast that Block, Inc. will post 2.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Block

Large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in shares of Block by 67.7% in the 4th quarter. Versant Capital Management Inc now owns 394 shares of the technology company’s stock valued at $33,000 after buying an additional 159 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Block by 48.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 418 shares of the technology company’s stock valued at $36,000 after acquiring an additional 136 shares during the period. Rosenberg Matthew Hamilton grew its holdings in shares of Block by 18.3% during the fourth quarter. Rosenberg Matthew Hamilton now owns 982 shares of the technology company’s stock valued at $83,000 after purchasing an additional 152 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of Block by 15.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,066 shares of the technology company’s stock worth $139,000 after purchasing an additional 282 shares during the period. Finally, Ulland Investment Advisors LLC boosted its position in Block by 92.3% during the 4th quarter. Ulland Investment Advisors LLC now owns 2,135 shares of the technology company’s stock valued at $181,000 after purchasing an additional 1,025 shares during the period. 70.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on XYZ shares. Piper Sandler dropped their target price on shares of Block from $101.00 to $85.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Canaccord Genuity Group decreased their target price on Block from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada restated an “outperform” rating and set a $110.00 target price on shares of Block in a research report on Thursday, February 20th. BMO Capital Markets raised shares of Block from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $100.00 to $89.00 in a research note on Monday, February 24th. Finally, UBS Group dropped their price target on shares of Block from $98.00 to $97.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, Block currently has an average rating of “Moderate Buy” and an average target price of $94.46.

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.