Woodson Capital Management LP Purchases Shares of 406,007 Block, Inc. (NYSE:SQ)

Woodson Capital Management LP bought a new position in shares of Block, Inc. (NYSE:SQ - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 406,007 shares of the technology company's stock, valued at approximately $27,255,000. Block accounts for approximately 5.3% of Woodson Capital Management LP's holdings, making the stock its 5th largest position. Woodson Capital Management LP owned approximately 0.07% of Block as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in SQ. SouthState Corp boosted its holdings in Block by 85.3% in the 3rd quarter. SouthState Corp now owns 391 shares of the technology company's stock valued at $26,000 after purchasing an additional 180 shares during the period. LRI Investments LLC acquired a new position in shares of Block in the 1st quarter valued at about $34,000. Unique Wealth Strategies LLC acquired a new stake in Block in the second quarter worth $34,000. V Square Quantitative Management LLC acquired a new stake in Block in the 3rd quarter valued at $46,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Block in the second quarter valued at approximately $44,000. 70.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SQ shares. New Street Research initiated coverage on Block in a report on Monday, September 9th. They set a "neutral" rating and a $70.00 price target on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Block from $71.00 to $80.00 and gave the company a "market perform" rating in a research report on Friday, November 8th. William Blair reaffirmed an "outperform" rating on shares of Block in a research note on Friday, November 15th. Piper Sandler reaffirmed an "overweight" rating and issued a $83.00 price target on shares of Block in a research note on Monday, November 11th. Finally, Wells Fargo & Company decreased their price target on shares of Block from $95.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, Block presently has a consensus rating of "Moderate Buy" and an average target price of $91.46.

Insider Buying and Selling

In related news, CFO Amrita Ahuja sold 6,661 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $91.43, for a total transaction of $609,015.23. Following the completion of the sale, the chief financial officer now directly owns 246,967 shares of the company's stock, valued at $22,580,192.81. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Ajmere Dale sold 500 shares of Block stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $67.00, for a total transaction of $33,500.00. Following the sale, the chief accounting officer now owns 90,460 shares of the company's stock, valued at approximately $6,060,820. This represents a 0.55 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,053 shares of company stock worth $2,393,972. Corporate insiders own 10.49% of the company's stock.

Block Stock Down 0.3 %

NYSE:SQ traded down $0.23 on Friday, hitting $88.55. 4,526,438 shares of the company's stock traded hands, compared to its average volume of 8,223,026. The firm has a 50-day moving average price of $75.61 and a 200-day moving average price of $68.61. Block, Inc. has a 1 year low of $55.00 and a 1 year high of $94.12. The company has a market cap of $54.88 billion, a PE ratio of 49.75, a price-to-earnings-growth ratio of 1.20 and a beta of 2.48. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.26.

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.