Block, Inc. (NYSE:XYZ) CFO Sells $111,031.44 in Stock

Block, Inc. (NYSE:XYZ - Get Free Report) CFO Amrita Ahuja sold 1,976 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $56.19, for a total value of $111,031.44. Following the completion of the sale, the chief financial officer now owns 233,878 shares of the company's stock, valued at $13,141,604.82. This trade represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Amrita Ahuja also recently made the following trade(s):

• On Friday, February 21st, Amrita Ahuja sold 6,345 shares of Block stock. The stock was sold at an average price of $70.32, for a total transaction of $446,180.40.

Block Stock Up 14.3 %

Block stock traded up $7.00 during trading hours on Wednesday, hitting $56.08. The stock had a trading volume of 12,459,973 shares, compared to its average volume of 8,862,261. Block, Inc. has a fifty-two week low of $46.42 and a fifty-two week high of $99.26. The stock has a market cap of $34.74 billion, a P/E ratio of 12.33, a PEG ratio of 0.72 and a beta of 2.77. The company's 50-day simple moving average is $65.79. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.07 and a current ratio of 2.07.

Block (NYSE:XYZ - Get Free Report) last issued its earnings results on Thursday, February 20th. The technology company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.11). The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.23 billion. Block had a return on equity of 5.80% and a net margin of 11.92%. As a group, analysts forecast that Block, Inc. will post 2.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Block

Several hedge funds and other institutional investors have recently modified their holdings of XYZ. Versant Capital Management Inc grew its holdings in Block by 67.7% during the 4th quarter. Versant Capital Management Inc now owns 394 shares of the technology company's stock worth $33,000 after acquiring an additional 159 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Block by 48.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 418 shares of the technology company's stock valued at $36,000 after buying an additional 136 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in Block by 18.3% during the fourth quarter. Rosenberg Matthew Hamilton now owns 982 shares of the technology company's stock valued at $83,000 after purchasing an additional 152 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Block by 15.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,066 shares of the technology company's stock worth $139,000 after acquiring an additional 282 shares during the period. Finally, Ulland Investment Advisors LLC grew its position in shares of Block by 92.3% in the fourth quarter. Ulland Investment Advisors LLC now owns 2,135 shares of the technology company's stock valued at $181,000 after purchasing an additional 1,025 shares during the last quarter. Institutional investors own 70.44% of the company's stock.

Wall Street Analyst Weigh In

XYZ has been the topic of several research analyst reports. Raymond James lowered their price objective on shares of Block from $115.00 to $103.00 and set an "outperform" rating on the stock in a research report on Friday, February 21st. Wells Fargo & Company upped their price target on shares of Block from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Piper Sandler cut their price objective on Block from $101.00 to $85.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Keefe, Bruyette & Woods upgraded Block from a "market perform" rating to an "outperform" rating and lowered their target price for the company from $87.00 to $80.00 in a research note on Tuesday, March 18th. Finally, Monness Crespi & Hardt raised Block from a "neutral" rating to a "buy" rating and set a $115.00 price target for the company in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. Based on data from MarketBeat, Block presently has a consensus rating of "Moderate Buy" and an average price target of $92.31.

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.