Insider Selling: Block, Inc. (NYSE:XYZ) CAO Sells $27,240.00 in Stock

Block, Inc. (NYSE:XYZ) CAO Ajmere Dale sold 500 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $54.48, for a total transaction of $27,240.00. Following the sale, the chief accounting officer now directly owns 81,999 shares in the company, valued at approximately $4,467,305.52. This trade represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 value of $103,159.44.

Block Price Performance

XYZ stock opened at $50.17 on Friday. The company has a market capitalization of $31.08 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 0.72 and a beta of 2.77. The company’s 50-day moving average price is $69.53. Block, Inc. has a 52-week low of $47.69 and a 52-week high of $99.26. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.07 and a quick ratio of 2.07.

Block (NYSE:XYZ) last released its earnings results on Thursday, February 20th. The technology company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.11). Block had a net margin of 11.92% and a return on equity of 5.80%. The business had revenue of $6.03 billion during the quarter, compared to analyst estimates of $6.23 billion. Equities analysts expect that Block, Inc. will post 2.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Block

Several large investors have recently modified their holdings of the stock. Captrust Financial Advisors lifted its holdings in shares of Block by 4.4% during the third quarter. Captrust Financial Advisors now owns 23,320 shares of the technology company’s stock valued at $1,565,000 after acquiring an additional 988 shares during the period. Benjamin Edwards Inc. lifted its holdings in Block by 3,570.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 39,235 shares of the technology company’s stock valued at $2,634,000 after purchasing an additional 38,166 shares during the last quarter. Holocene Advisors LP boosted its position in Block by 152.9% in the third quarter. Holocene Advisors LP now owns 80,125 shares of the technology company’s stock valued at $5,379,000 after buying an additional 48,438 shares in the last quarter. HighTower Advisors LLC grew its stake in Block by 6.2% during the third quarter. HighTower Advisors LLC now owns 212,282 shares of the technology company’s stock worth $14,212,000 after buying an additional 12,410 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Block by 0.4% during the third quarter. Janus Henderson Group PLC now owns 53,878 shares of the technology company’s stock worth $3,615,000 after buying an additional 200 shares in the last quarter. 70.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Canaccord Genuity Group decreased their price objective on Block from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Sanford C. Bernstein set a $100.00 price target on shares of Block in a report on Saturday, March 8th. Barclays dropped their price objective on shares of Block from $112.00 to $97.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Monness Crespi & Hardt raised shares of 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. Finally, UBS Group lowered their price target on shares of Block from $98.00 to $97.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.46.

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.