Insider Selling: Block, Inc. (NYSE:XYZ) CAO Sells 1,467 Shares of Stock

Block, Inc. (NYSE:XYZ - Get Free Report) CAO Ajmere Dale sold 1,467 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $70.32, for a total transaction of $103,159.44. Following the sale, the chief accounting officer now directly owns 82,499 shares in the company, valued at approximately $5,801,329.68. The trade was a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, January 2nd, Ajmere Dale sold 2,044 shares of Block stock. The stock was sold at an average price of $86.72, for a total transaction of $177,255.68.

Block Stock Up 1.6 %

XYZ stock traded up $1.03 on Friday, hitting $65.31. The company's stock had a trading volume of 7,834,816 shares, compared to its average volume of 7,903,782. The company has a market cap of $40.48 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 0.72 and a beta of 2.52. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.07 and a quick ratio of 2.07. Block, Inc. has a 1 year low of $55.00 and a 1 year high of $99.26.

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. The Goldman Sachs Group lowered their price target on shares of Block from $109.00 to $94.00 and set a "buy" rating for the company in a report on Friday, February 21st. UBS Group lowered their price target on shares of Block from $98.00 to $97.00 and set a "buy" rating for the company in a report on Friday, February 21st. BNP Paribas cut shares of Block from an "outperform" rating to a "neutral" rating and set a $88.00 price target for the company. in a report on Wednesday, November 20th. Royal Bank of Canada reiterated an "outperform" rating and set a $110.00 price target on shares of Block in a report on Thursday, February 20th. Finally, Sanford C. Bernstein boosted their price target on shares of Block from $90.00 to $120.00 and gave the stock an "outperform" rating in a report on Monday, December 2nd. Six investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, Block presently has a consensus rating of "Moderate Buy" and an average price target of $96.31.

Hedge Funds Weigh In On Block

A number of large investors have recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Block by 183.8% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,154 shares of the technology company's stock worth $778,000 after buying an additional 5,929 shares during the last quarter. Guerra Pan Advisors LLC purchased a new position in shares of Block in the 4th quarter valued at about $211,000. Moody Lynn & Lieberson LLC purchased a new position in shares of Block in the 4th quarter valued at about $3,775,000. Toth Financial Advisory Corp increased its holdings in shares of Block by 18,150.0% in the 4th quarter. Toth Financial Advisory Corp now owns 7,300 shares of the technology company's stock valued at $620,000 after purchasing an additional 7,260 shares in the last quarter. Finally, Nepsis Inc. purchased a new position in shares of Block in the 4th quarter valued at about $9,769,000. Hedge funds and other institutional investors own 70.44% of the company's stock.

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.