Block, Inc. (NYSE:XYZ) CAO Sells $27,240.00 in Stock

Block, Inc. (NYSE:XYZ - Get Free Report) CAO Ajmere Dale sold 500 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $54.48, for a total value of $27,240.00. Following the completion of the sale, the chief accounting officer now directly owns 81,999 shares of the company's stock, valued at approximately $4,467,305.52. This trade represents a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, February 21st, Ajmere Dale sold 1,467 shares of Block stock. The shares were sold at an average price of $70.32, for a total transaction of $103,159.44.

Block Stock Performance

Shares of XYZ traded up $0.61 during mid-day trading on Monday, reaching $50.87. 8,680,177 shares of the company's stock traded hands, compared to its average volume of 8,713,501. Block, Inc. has a 12 month low of $46.42 and a 12 month high of $99.26. The company has a market cap of $31.51 billion, a PE ratio of 11.18, a P/E/G ratio of 0.72 and a beta of 2.77. The firm's 50-day simple moving average is $69.53. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.11). The business had revenue of $6.03 billion for the quarter, compared to analyst estimates of $6.23 billion. Block had a return on equity of 5.80% and a net margin of 11.92%. Equities research analysts anticipate that Block, Inc. will post 2.54 EPS for the current year.

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Hedge Funds Weigh In On Block

Several large investors have recently bought and sold shares of XYZ. Diversify Advisory Services LLC acquired a new position in shares of Block during the 4th quarter valued at $1,315,000. Perpetual Ltd acquired a new position in Block during the fourth quarter worth about $10,779,000. Nomura Asset Management Co. Ltd. raised its position in Block by 6.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 253,787 shares of the technology company's stock worth $17,037,000 after acquiring an additional 14,822 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in Block by 9.8% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 8,065 shares of the technology company's stock valued at $685,000 after acquiring an additional 717 shares during the last quarter. Finally, TB Alternative Assets Ltd. acquired a new stake in Block in the 4th quarter valued at about $3,530,000. Institutional investors and hedge funds own 70.44% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on XYZ shares. Oppenheimer upgraded shares of Block from a "market perform" rating to an "outperform" rating and set a $115.00 price objective on the stock in a report on Thursday, December 19th. Morgan Stanley raised shares of Block from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $65.00 to $67.00 in a research report on Thursday. Canaccord Genuity Group lowered their price objective on Block from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Sanford C. Bernstein set a $100.00 target price on Block in a research report on Saturday, March 8th. Finally, Monness Crespi & Hardt raised shares of Block from a "neutral" rating to a "buy" rating and set a $115.00 price target for the company in a research report on Friday, December 13th. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.46.

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.