Block, Inc. (NYSE:SQ) Stock Holdings Increased by Creative Planning

Creative Planning lifted its holdings in shares of Block, Inc. (NYSE:SQ - Free Report) by 10.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,399 shares of the technology company's stock after purchasing an additional 6,990 shares during the quarter. Creative Planning's holdings in Block were worth $4,927,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthcare Advisory Partners LLC raised its stake in Block by 1.3% during the first quarter. Wealthcare Advisory Partners LLC now owns 10,618 shares of the technology company's stock worth $898,000 after purchasing an additional 139 shares during the period. Financial Perspectives Inc boosted its holdings in Block by 7.2% in the first quarter. Financial Perspectives Inc now owns 2,300 shares of the technology company's stock valued at $195,000 after acquiring an additional 155 shares during the last quarter. Valley National Advisers Inc. grew its position in Block by 25.4% during the first quarter. Valley National Advisers Inc. now owns 765 shares of the technology company's stock valued at $64,000 after acquiring an additional 155 shares during the period. CAP Partners LLC increased its stake in Block by 3.5% during the first quarter. CAP Partners LLC now owns 4,765 shares of the technology company's stock worth $403,000 after acquiring an additional 163 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. raised its holdings in shares of Block by 1.9% in the 2nd quarter. Jamison Private Wealth Management Inc. now owns 8,973 shares of the technology company's stock worth $579,000 after purchasing an additional 165 shares during the period. Hedge funds and other institutional investors own 70.44% of the company's stock.

Insiders Place Their Bets

In related news, CAO Ajmere Dale sold 500 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $67.00, for a total value of $33,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 90,460 shares of the company's stock, valued at $6,060,820. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Roelof Botha acquired 434,405 shares of the firm's stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of $57.55 per share, for a total transaction of $25,000,007.75. Following the completion of the acquisition, the director now directly owns 434,405 shares of the company's stock, valued at approximately $25,000,007.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Ajmere Dale sold 500 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $67.00, for a total value of $33,500.00. Following the sale, the chief accounting officer now directly owns 90,460 shares in the company, valued at approximately $6,060,820. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,214 shares of company stock worth $1,637,932. Insiders own 10.49% of the company's stock.

Block Stock Performance

Shares of NYSE SQ traded up $0.06 during mid-day trading on Friday, hitting $72.61. The company had a trading volume of 3,906,323 shares, compared to its average volume of 7,998,896. Block, Inc. has a 12 month low of $38.85 and a 12 month high of $87.52. The stock has a market cap of $44.80 billion, a price-to-earnings ratio of 94.30, a PEG ratio of 0.99 and a beta of 2.49. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.82 and a quick ratio of 1.82. The firm's 50 day simple moving average is $67.09 and its two-hundred day simple moving average is $67.15.

Block (NYSE:SQ - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.09. The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.27 billion. Block had a net margin of 3.47% and a return on equity of 3.77%. The company's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. As a group, equities research analysts forecast that Block, Inc. will post 1.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on SQ. William Blair raised shares of Block to a "strong-buy" rating in a research report on Wednesday, July 31st. Wells Fargo & Company reduced their price objective on Block from $95.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, August 2nd. Morgan Stanley lowered their target price on Block from $60.00 to $55.00 and set an "underweight" rating for the company in a research note on Tuesday, July 30th. Macquarie reissued an "outperform" rating and set a $100.00 price target on shares of Block in a research report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Block from $90.00 to $98.00 and gave the company a "buy" rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $88.79.

Block 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.