Ajmere Dale Sells 2,724 Shares of Block (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ) CAO Ajmere Dale sold 2,724 shares of Block stock in a transaction on Friday, November 21st. The stock was sold at an average price of $61.40, for a total transaction of $167,253.60. Following the transaction, the chief accounting officer directly owned 99,585 shares in the company, valued at approximately $6,114,519. This represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ajmere Dale also recently made the following trade(s):

• On Wednesday, October 8th, Ajmere Dale sold 750 shares of Block stock. The shares were sold at an average price of $80.00, for a total transaction of $60,000.00.
• On Thursday, October 2nd, Ajmere Dale sold 520 shares of Block stock. The stock was sold at an average price of $74.77, for a total value of $38,880.40.
• On Wednesday, October 1st, Ajmere Dale sold 750 shares of Block stock. The stock was sold at an average price of $72.22, for a total value of $54,165.00.

Block Stock Up 2.2%

NYSE:XYZ opened at $65.11 on Thursday. Block, Inc. has a 1 year low of $44.27 and a 1 year high of $99.26. The stock has a 50-day moving average price of $72.46 and a two-hundred day moving average price of $70.72. The stock has a market cap of $39.57 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 3.57 and a beta of 2.73. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.25.

Block (NYSE:XYZ) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.29. Block had a return on equity of 5.54% and a net margin of 12.99%.The company had revenue of $6.11 billion for the quarter. During the same period in the prior year, the business earned $0.53 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities analysts expect that Block, Inc. will post 2.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Traub Capital Management LLC acquired a new position in shares of Block during the 2nd quarter worth approximately $26,000. Nemes Rush Group LLC acquired a new stake in shares of Block in the 2nd quarter valued at approximately $26,000. City Holding Co. bought a new position in shares of Block in the third quarter valued at $27,000. Cromwell Holdings LLC acquired a new position in Block during the third quarter worth $27,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in Block during the third quarter worth $28,000. 70.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $95.00 price target (up previously from $79.00) on shares of Block in a research note on Friday, August 8th. Cowen restated a “buy” rating on shares of Block in a report on Friday, August 8th. Citigroup raised shares of Block to a “strong-buy” rating in a research report on Thursday, October 23rd. Monness Crespi & Hardt upped their target price on shares of Block from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Finally, BNP Paribas Exane cut Block from an “outperform” rating to a “neutral” rating and set a $86.00 target price for the company. in a report on Tuesday, September 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $83.42.

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.