Natixis Advisors LLC Purchases 976 Shares of Block, Inc. (NYSE:SQ)

Natixis Advisors LLC raised its position in Block, Inc. (NYSE:SQ) by 0.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 511,361 shares of the technology company’s stock after acquiring an additional 976 shares during the period. Natixis Advisors LLC owned about 0.08% of Block worth $34,327,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of SQ. LRI Investments LLC bought a new stake in shares of Block in the 1st quarter valued at about $34,000. Unique Wealth Strategies LLC bought a new stake in Block in the second quarter valued at approximately $34,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Block in the second quarter valued at approximately $44,000. V Square Quantitative Management LLC bought a new position in shares of Block during the 3rd quarter worth approximately $46,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of Block during the 2nd quarter worth approximately $49,000. Institutional investors own 70.44% of the company’s stock.

Insider Buying and Selling at Block

In other news, CAO Ajmere Dale sold 1,000 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 $80,000.00. Following the sale, the chief accounting officer now directly owns 88,791 shares of the company’s stock, valued at approximately $7,103,280. This trade represents a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Chrysty Esperanza sold 2,964 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $80.00, for a total value of $237,120.00. Following the completion of the transaction, the insider now directly owns 88,607 shares of the company’s stock, valued at $7,088,560. This represents a 3.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,678 shares of company stock worth $1,924,112 over the last 90 days. Insiders own 10.49% of the company’s stock.

Block Price Performance

Shares of SQ stock opened at $84.30 on Monday. Block, Inc. has a twelve month low of $55.00 and a twelve month high of $90.00. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $70.94 and a 200 day simple moving average of $67.36. The company has a market cap of $51.90 billion, a P/E ratio of 47.36, a P/E/G ratio of 1.14 and a beta of 2.48.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SQ. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 price target on shares of Block in a report on Monday, October 21st. Morgan Stanley reduced their target price on shares of Block from $60.00 to $55.00 and set an “underweight” rating for the company in a report on Tuesday, July 30th. UBS Group reduced their target price on shares of Block from $100.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. New Street Research assumed coverage on shares of Block in a report on Monday, September 9th. They set a “neutral” rating and a $70.00 target price for the company. Finally, Macquarie reaffirmed an “outperform” rating and set a $100.00 target price on shares of Block in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.30.

Block 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.