4,025 Shares in Block, Inc. (NYSE:SQ) Acquired by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC acquired a new stake in shares of Block, Inc. (NYSE:SQ) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,025 shares of the technology company’s stock, valued at approximately $311,000.

Other large investors have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC grew its stake in shares of Block by 26.8% in the 4th quarter. Hexagon Capital Partners LLC now owns 805 shares of the technology company’s stock valued at $62,000 after purchasing an additional 170 shares during the period. Washington Trust Advisors Inc. grew its position in Block by 38.7% in the fourth quarter. Washington Trust Advisors Inc. now owns 616 shares of the technology company’s stock valued at $48,000 after acquiring an additional 172 shares during the period. Dynamic Advisor Solutions LLC raised its stake in Block by 2.9% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 6,328 shares of the technology company’s stock worth $489,000 after acquiring an additional 180 shares in the last quarter. WP Advisors LLC lifted its holdings in shares of Block by 3.9% during the fourth quarter. WP Advisors LLC now owns 5,381 shares of the technology company’s stock valued at $416,000 after acquiring an additional 200 shares during the period. Finally, Larson Financial Group LLC boosted its stake in shares of Block by 38.4% in the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the technology company’s stock valued at $32,000 after purchasing an additional 202 shares in the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Seaport Res Ptn raised shares of Block from a “neutral” rating to a “buy” rating in a report on Friday, February 23rd. Morgan Stanley reiterated an “underweight” rating and issued a $60.00 target price (down previously from $62.00) on shares of Block in a research note on Thursday, April 4th. Truist Financial increased their price target on Block from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $88.00 price target (up from $86.00) on shares of Block in a report on Friday, February 23rd. Finally, William Blair reissued a “market perform” rating on shares of Block in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $87.42.

Insider Buying and Selling

In other Block news, CAO Ajmere Dale sold 656 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $64.30, for a total transaction of $42,180.80. Following the sale, the chief accounting officer now directly owns 68,823 shares of the company’s stock, valued at approximately $4,425,318.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Ajmere Dale sold 656 shares of Block stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $64.30, for a total value of $42,180.80. Following the sale, the chief accounting officer now owns 68,823 shares of the company’s stock, valued at $4,425,318.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Amrita Ahuja sold 2,581 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $64.30, for a total value of $165,958.30. Following the sale, the chief financial officer now owns 201,754 shares in the company, valued at approximately $12,972,782.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 477,469 shares of company stock worth $34,963,585. 10.79% of the stock is owned by insiders.

Block Stock Down 1.2 %

NYSE:SQ opened at $69.45 on Friday. The stock has a 50-day simple moving average of $77.82 and a 200 day simple moving average of $67.83. Block, Inc. has a 52-week low of $38.85 and a 52-week high of $87.52. The company has a market cap of $42.76 billion, a PE ratio of 90.20, a PEG ratio of 1.94 and a beta of 2.57. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 1.90.

Block (NYSE:SQ) last issued its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Block had a net margin of 2.18% and a return on equity of 2.07%. The company had revenue of $5.77 billion during the quarter, compared to analysts’ expectations of $5.69 billion. On average, sell-side analysts expect that Block, Inc. will post 1.11 EPS for the current fiscal year.

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.