Block, Inc. (NYSE:XYZ - Get Free Report) CAO Ajmere Dale sold 500 shares of the company's stock in a transaction dated 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 directly owns 81,999 shares in the company, valued at approximately $4,467,305.52. The trade was a 0.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Ajmere Dale also recently made the following trade(s):
- On Friday, February 21st, Ajmere Dale sold 1,467 shares of Block stock. The shares were sold at an average price of $70.32, for a total transaction of $103,159.44.
Block Price Performance
Shares of XYZ stock opened at $53.99 on Friday. The company has a market cap of $33.45 billion, a PE ratio of 11.87, a PEG ratio of 0.72 and a beta of 2.77. The company has a 50-day moving average of $70.29. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.26. Block, Inc. has a one year low of $52.25 and a one year high of $99.26.
Block (NYSE:XYZ - Get Free Report) last issued its earnings results on Thursday, February 20th. The technology company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.11). The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.23 billion. Block had a net margin of 11.92% and a return on equity of 5.80%. As a group, research analysts anticipate that Block, Inc. will post 2.54 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on XYZ shares. Citigroup dropped their price objective on shares of Block from $108.00 to $90.00 and set a "buy" rating for the company in a report on Friday, March 14th. Canaccord Genuity Group dropped their price target on Block from $120.00 to $100.00 and set a "buy" rating for the company in a report on Friday, February 21st. Macquarie reiterated an "outperform" rating and issued a $110.00 price objective on shares of Block in a research report on Thursday, March 6th. BMO Capital Markets raised Block from a "market perform" rating to an "outperform" rating and reduced their price objective for the stock from $100.00 to $89.00 in a research note on Monday, February 24th. Finally, Monness Crespi & Hardt upgraded Block from a "neutral" rating to a "buy" rating and set a $115.00 target price for the company in a research note on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $94.46.
Read Our Latest Report on XYZ
Institutional Trading of Block
Several hedge funds have recently added to or reduced their stakes in XYZ. Versant Capital Management Inc grew its stake in Block by 67.7% in the fourth quarter. Versant Capital Management Inc now owns 394 shares of the technology company's stock valued at $33,000 after acquiring an additional 159 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Block by 48.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 418 shares of the technology company's stock valued at $36,000 after purchasing an additional 136 shares in the last quarter. Rosenberg Matthew Hamilton grew its position in shares of Block by 18.3% in the 4th 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 period. TD Private Client Wealth LLC grew its position in shares of Block by 15.8% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,066 shares of the technology company's stock valued at $139,000 after purchasing an additional 282 shares during the period. Finally, Ulland Investment Advisors LLC increased its stake in Block by 92.3% during the 4th quarter. Ulland Investment Advisors LLC now owns 2,135 shares of the technology company's stock worth $181,000 after purchasing an additional 1,025 shares in the last quarter. Institutional investors and hedge funds own 70.44% of the company's stock.
Block Company Profile
(
Get Free Report)
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.
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