Wealth Enhancement Advisory Services LLC Buys 145 Shares of Block, Inc. (NYSE:SQ)

Wealth Enhancement Advisory Services LLC increased its position in Block, Inc. (NYSE:SQ) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,864 shares of the technology company’s stock after purchasing an additional 145 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Block were worth $2,283,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SQ. Baillie Gifford & Co. raised its position in shares of Block by 1.5% during the 3rd quarter. Baillie Gifford & Co. now owns 10,233,102 shares of the technology company’s stock valued at $686,948,000 after purchasing an additional 147,873 shares during the period. Geode Capital Management LLC increased its stake in Block by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 8,690,075 shares of the technology company’s stock worth $581,923,000 after buying an additional 133,002 shares in the last quarter. Lone Pine Capital LLC boosted its stake in shares of Block by 13.9% in the second quarter. Lone Pine Capital LLC now owns 7,670,523 shares of the technology company’s stock worth $494,672,000 after acquiring an additional 934,588 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Block by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,202,388 shares of the technology company’s stock worth $147,846,000 after purchasing an additional 45,472 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Block by 17.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,157,733 shares of the technology company’s stock valued at $139,143,000 after purchasing an additional 326,444 shares during the period. 70.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SQ has been the topic of several research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 target price on shares of Block in a report on Monday, November 11th. Macquarie upped their price objective on Block from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. BMO Capital Markets downgraded Block from an “outperform” rating to a “market perform” rating and increased their target price for the company from $94.00 to $100.00 in a research report on Monday, November 25th. Barclays boosted their price target on shares of Block from $100.00 to $112.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 price objective on shares of Block in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.35.

Block Stock Performance

Block stock opened at $82.45 on Wednesday. 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 company has a market capitalization of $51.10 billion, a PE ratio of 46.32, a P/E/G ratio of 1.23 and a beta of 2.51. The company has a 50 day moving average price of $88.99 and a 200-day moving average price of $74.36. Block, Inc. has a fifty-two week low of $55.00 and a fifty-two week high of $99.26.

Insiders Place Their Bets

In related news, CAO Ajmere Dale sold 1,000 shares of the business’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 $80,000.00. Following the completion of the transaction, the chief accounting officer now owns 88,791 shares of the company’s stock, valued at $7,103,280. The trade was a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Chrysty Esperanza sold 2,964 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $80.00, for a total value of $237,120.00. Following the sale, the insider now owns 88,607 shares of the company’s stock, valued at approximately $7,088,560. This represents a 3.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,981 shares of company stock worth $2,681,185 in the last ninety days. 10.49% of the stock is owned by company insiders.

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.