180 Wealth Advisors LLC Makes New Investment in Block, Inc. (NYSE:SQ)

180 Wealth Advisors LLC purchased a new position in Block, Inc. (NYSE:SQ - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,026 shares of the technology company's stock, valued at approximately $257,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SQ. Swiss National Bank increased its stake in shares of Block by 0.5% in the third quarter. Swiss National Bank now owns 1,651,886 shares of the technology company's stock worth $110,891,000 after acquiring an additional 8,200 shares during the last quarter. National Pension Service raised its stake in shares of Block by 13.5% during the 3rd quarter. National Pension Service now owns 1,083,113 shares of the technology company's stock worth $72,709,000 after purchasing an additional 128,832 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Block by 1.5% during the 3rd quarter. Baillie Gifford & Co. now owns 10,233,102 shares of the technology company's stock valued at $686,948,000 after buying an additional 147,873 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Block by 6.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 253,787 shares of the technology company's stock valued at $17,037,000 after buying an additional 14,822 shares in the last quarter. Finally, Lone Pine Capital LLC grew its stake in shares of Block by 13.9% in the 2nd quarter. Lone Pine Capital LLC now owns 7,670,523 shares of the technology company's stock valued at $494,672,000 after buying an additional 934,588 shares in the last quarter. Institutional investors and hedge funds own 70.44% of the company's stock.

Block Price Performance

NYSE SQ traded up $1.59 on Thursday, reaching $86.38. The company's stock had a trading volume of 6,122,041 shares, compared to its average volume of 6,820,234. Block, Inc. has a 52 week low of $55.00 and a 52 week high of $99.26. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.26. The firm has a market cap of $53.25 billion, a PE ratio of 48.53, a price-to-earnings-growth ratio of 0.75 and a beta of 2.51. The business has a 50-day moving average price of $89.14 and a 200 day moving average price of $74.43.

Analyst Ratings Changes

Several brokerages recently weighed in on SQ. Sanford C. Bernstein raised their price objective on shares of Block from $90.00 to $120.00 and gave the company an "outperform" rating in a research report on Monday, December 2nd. Raymond James upgraded Block from a "market perform" rating to an "outperform" rating and set a $115.00 price target on the stock in a report on Friday, January 3rd. Macquarie boosted their price objective on shares of Block from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Morgan Stanley raised their target price on shares of Block from $60.00 to $65.00 and gave the company an "underweight" rating in a research note on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Block from $105.00 to $100.00 and set a "market perform" rating for the company in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $97.68.

Insider Buying and Selling at Block

In related news, insider Chrysty Esperanza sold 2,865 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $95.00, for a total transaction of $272,175.00. Following the sale, the insider now directly owns 85,235 shares in the company, valued at $8,097,325. This represents a 3.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Grassadonia sold 8,328 shares of the firm's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $91.18, for a total value of $759,347.04. Following the sale, the insider now directly owns 563,894 shares of the company's stock, valued at $51,415,854.92. This represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,981 shares of company stock valued at $2,681,185. 10.49% of the stock is currently owned by corporate insiders.

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.