Block, Inc. (NYSE:SQ) Shares Sold by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. trimmed its position in Block, Inc. (NYSE:SQ) by 47.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 573 shares of the technology company’s stock after selling 524 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Block were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valley National Advisers Inc. grew its position in Block by 72.3% during the 4th quarter. Valley National Advisers Inc. now owns 610 shares of the technology company’s stock worth $47,000 after purchasing an additional 256 shares during the period. Washington Trust Advisors Inc. grew its position in Block by 38.7% during the 4th quarter. Washington Trust Advisors Inc. now owns 616 shares of the technology company’s stock worth $48,000 after purchasing an additional 172 shares during the period. Hexagon Capital Partners LLC grew its position in Block by 89.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 635 shares of the technology company’s stock worth $28,000 after purchasing an additional 300 shares during the period. Front Row Advisors LLC boosted its stake in shares of Block by 67,500.0% during the 3rd quarter. Front Row Advisors LLC now owns 676 shares of the technology company’s stock worth $30,000 after acquiring an additional 675 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Block by 38.4% during the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the technology company’s stock worth $32,000 after acquiring an additional 202 shares in the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Block

In other Block news, insider Brian Grassadonia sold 127,800 shares of Block stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $65.45, for a total value of $8,364,510.00. Following the transaction, the insider now directly owns 405,224 shares in the company, valued at $26,521,910.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Ajmere Dale sold 500 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $84.75, for a total transaction of $42,375.00. Following the transaction, the chief accounting officer now directly owns 68,323 shares in the company, valued at $5,790,374.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian Grassadonia sold 127,800 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $65.45, for a total transaction of $8,364,510.00. Following the transaction, the insider now owns 405,224 shares in the company, valued at $26,521,910.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 363,801 shares of company stock worth $27,284,175. 10.79% of the stock is owned by company insiders.

Block Price Performance

Block stock opened at $66.83 on Thursday. The stock has a market cap of $41.15 billion, a P/E ratio of 429.41, a price-to-earnings-growth ratio of 2.02 and a beta of 2.57. The company has a fifty day simple moving average of $77.77 and a 200-day simple moving average of $67.82. Block, Inc. has a 12-month low of $38.85 and a 12-month high of $87.52. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22.

Block (NYSE:SQ) last announced its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Block had a net margin of 0.04% and a return on equity of 0.63%. The firm had revenue of $5.77 billion during the quarter, compared to analysts’ expectations of $5.69 billion. Equities analysts expect that Block, Inc. will post 1.11 EPS for the current fiscal year.

Analysts Set New Price Targets

SQ has been the topic of several recent analyst reports. Benchmark increased their target price on shares of Block from $89.00 to $99.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Seaport Res Ptn raised shares of Block from a “neutral” rating to a “buy” rating in a research note on Friday, February 23rd. Susquehanna reaffirmed a “positive” rating and issued a $100.00 price target on shares of Block in a research note on Monday, April 22nd. Wedbush reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Block in a research note on Tuesday, February 20th. Finally, Wells Fargo & Company raised shares of Block from an “equal weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.67.

Block 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.