Amrita Ahuja Sells 5,935 Shares of Block, Inc. (NYSE:SQ) Stock

Block, Inc. (NYSE:SQ) CFO Amrita Ahuja sold 5,935 shares of Block stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $65.53, for a total transaction of $388,920.55. Following the transaction, the chief financial officer now owns 255,496 shares in the company, valued at approximately $16,742,652.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, August 21st, Amrita Ahuja sold 6,661 shares of Block stock. The shares were sold at an average price of $64.70, for a total value of $430,966.70.
• On Monday, July 8th, Amrita Ahuja sold 1,147 shares of Block stock. The stock was sold at an average price of $66.57, for a total value of $76,355.79.

Block Stock Up 2.1 %

NYSE:SQ opened at $67.02 on Friday. The company has a market cap of $41.26 billion, a price-to-earnings ratio of 87.04, a price-to-earnings-growth ratio of 0.87 and a beta of 2.49. Block, Inc. has a twelve month low of $38.85 and a twelve month high of $87.52. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $64.13 and a 200-day simple moving average of $68.03.

Block (NYSE:SQ) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.09. The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.27 billion. Block had a net margin of 3.47% and a return on equity of 3.77%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. Analysts anticipate that Block, Inc. will post 1.71 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SQ shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Block from $90.00 to $98.00 and gave the company a “buy” rating in a report on Friday, July 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $88.00 target price on shares of Block in a research note on Friday, August 2nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $80.00 price target on shares of Block in a research note on Monday, June 24th. Benchmark restated a “buy” rating and set a $99.00 price objective on shares of Block in a research report on Friday, August 2nd. Finally, Oppenheimer began coverage on Block in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Riverview Trust Co bought a new position in Block during the 1st quarter worth about $28,000. YHB Investment Advisors Inc. bought a new position in shares of Block during the first quarter valued at approximately $33,000. LRI Investments LLC purchased a new position in Block during the first quarter valued at approximately $34,000. Vima LLC bought a new position in Block in the fourth quarter worth approximately $34,000. Finally, Mather Group LLC. purchased a new stake in Block during the first quarter worth $35,000. Institutional investors own 70.44% of the company’s stock.

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.