White Pine Investment CO Has $239,000 Position in Block, Inc. (NYSE:SQ)

White Pine Investment CO decreased its holdings in shares of Block, Inc. (NYSE:SQ) by 6.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,560 shares of the technology company’s stock after selling 250 shares during the period. White Pine Investment CO’s holdings in Block were worth $239,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Yoder Wealth Management Inc. lifted its holdings in shares of Block by 0.4% in the third quarter. Yoder Wealth Management Inc. now owns 39,688 shares of the technology company’s stock valued at $2,664,000 after purchasing an additional 145 shares in the last quarter. Jamison Private Wealth Management Inc. lifted its stake in Block by 1.9% during the 2nd quarter. Jamison Private Wealth Management Inc. now owns 8,973 shares of the technology company’s stock valued at $579,000 after acquiring an additional 165 shares in the last quarter. Angeles Investment Advisors LLC boosted its holdings in Block by 2.4% during the 2nd quarter. Angeles Investment Advisors LLC now owns 7,377 shares of the technology company’s stock worth $476,000 after acquiring an additional 176 shares during the last quarter. Allworth Financial LP grew its stake in shares of Block by 7.5% in the 3rd quarter. Allworth Financial LP now owns 2,841 shares of the technology company’s stock worth $191,000 after acquiring an additional 197 shares in the last quarter. Finally, Red Spruce Capital LLC raised its holdings in shares of Block by 1.4% in the third quarter. Red Spruce Capital LLC now owns 14,729 shares of the technology company’s stock valued at $989,000 after purchasing an additional 206 shares during the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

Block Stock Performance

Shares of SQ opened at $72.15 on Friday. Block, Inc. has a 12-month low of $42.78 and a 12-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 company has a market cap of $44.42 billion, a PE ratio of 56.37, a price-to-earnings-growth ratio of 0.99 and a beta of 2.48. The stock has a 50-day moving average price of $68.00 and a 200-day moving average price of $66.90.

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

Insider Activity at Block

In related news, CAO Ajmere Dale sold 500 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $67.00, for a total transaction of $33,500.00. Following the transaction, the chief accounting officer now directly owns 90,460 shares of the company’s stock, valued at approximately $6,060,820. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Amrita Ahuja sold 5,935 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $65.53, for a total transaction of $388,920.55. Following the transaction, the chief financial officer now directly owns 255,496 shares of the company’s stock, valued at approximately $16,742,652.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Ajmere Dale sold 500 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $67.00, for a total value of $33,500.00. Following the completion of the sale, the chief accounting officer now directly owns 90,460 shares of the company’s stock, valued at approximately $6,060,820. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,214 shares of company stock valued at $1,637,932 over the last 90 days. 10.49% of the stock is owned by insiders.

Analysts Set New Price Targets

SQ has been the topic of several analyst reports. 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 price target on the stock. Keefe, Bruyette & Woods cut their target price on Block from $82.00 to $74.00 and set a “market perform” rating on the stock in a research note on Monday, July 8th. Deutsche Bank Aktiengesellschaft increased their price target on Block from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, July 12th. BMO Capital Markets cut their price objective on Block from $93.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Finally, Oppenheimer began coverage on Block in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.79.

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.