Block, Inc. (NYSE:SQ) Stock Holdings Lifted by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Block, Inc. (NYSE:SQ) by 90.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,142 shares of the technology company’s stock after purchasing an additional 542 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Block were worth $88,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Capital Impact Advisors LLC lifted its position in shares of Block by 2.6% in the 4th quarter. Capital Impact Advisors LLC now owns 5,401 shares of the technology company’s stock worth $339,000 after buying an additional 138 shares during the last quarter. Washington Trust Advisors Inc. lifted its position in shares of Block by 38.7% in the 4th quarter. Washington Trust Advisors Inc. now owns 616 shares of the technology company’s stock worth $48,000 after buying an additional 172 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of Block by 2.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 6,328 shares of the technology company’s stock worth $489,000 after buying an additional 180 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Block by 38.4% in the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the technology company’s stock worth $32,000 after buying an additional 202 shares during the last quarter. Finally, Advisor Partners II LLC lifted its position in shares of Block by 5.3% in the 1st quarter. Advisor Partners II LLC now owns 4,085 shares of the technology company’s stock worth $280,000 after buying an additional 207 shares during the last quarter. 70.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Block from $77.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Robert W. Baird boosted their target price on shares of Block from $95.00 to $98.00 and gave the company an “outperform” rating in a research note on Friday. William Blair reissued a “market perform” rating on shares of Block in a research note on Friday, February 23rd. Evercore ISI reissued an “in-line” rating and set a $75.00 target price on shares of Block in a research note on Tuesday, March 26th. Finally, Citigroup boosted their target price on shares of Block from $76.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $85.22.

Insider Activity at Block

In related news, CAO Ajmere Dale sold 656 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $64.30, for a total transaction of $42,180.80. Following the transaction, the chief accounting officer now directly owns 68,823 shares of the company’s stock, valued at $4,425,318.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Brian Grassadonia sold 111,666 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $82.73, for a total transaction of $9,238,128.18. Following the completion of the transaction, the insider now directly owns 485,645 shares in the company, valued at approximately $40,177,410.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Ajmere Dale sold 656 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $64.30, for a total transaction of $42,180.80. Following the transaction, the chief accounting officer now owns 68,823 shares of the company’s stock, valued at $4,425,318.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 363,801 shares of company stock valued at $27,284,175. Corporate insiders own 10.79% of the company’s stock.

Block Stock Performance

Shares of SQ opened at $70.43 on Friday. The company’s 50 day moving average price is $76.75 and its 200 day moving average price is $66.04. Block, Inc. has a 52 week low of $38.85 and a 52 week high of $87.52. The company has a market capitalization of $43.36 billion, a PE ratio of 423.88, a PEG ratio of 2.13 and a beta of 2.55. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.90 and a current ratio of 1.90.

Block (NYSE:SQ) last announced its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.03 EPS 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 for the quarter, compared to the consensus estimate of $5.69 billion. Research analysts expect that Block, Inc. will post 1.02 EPS for the current fiscal year.

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.