Yarbrough Capital LLC Has $4.99 Million Position in Block, Inc. (NYSE:SQ)

Yarbrough Capital LLC lifted its position in Block, Inc. (NYSE:SQ - Free Report) by 16.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,710 shares of the technology company's stock after acquiring an additional 8,385 shares during the period. Yarbrough Capital LLC's holdings in Block were worth $4,990,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SQ. Bouvel Investment Partners LLC grew its stake in Block by 1.3% in the fourth quarter. Bouvel Investment Partners LLC now owns 18,093 shares of the technology company's stock valued at $1,538,000 after acquiring an additional 226 shares during the period. BluePath Capital Management LLC grew its position in shares of Block by 14.7% in the 4th quarter. BluePath Capital Management LLC now owns 14,684 shares of the technology company's stock valued at $1,204,000 after purchasing an additional 1,883 shares during the period. CHURCHILL MANAGEMENT Corp increased its stake in Block by 36.8% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 36,433 shares of the technology company's stock worth $3,096,000 after purchasing an additional 9,807 shares in the last quarter. Park Avenue Securities LLC increased its stake in Block by 25.5% during the 4th quarter. Park Avenue Securities LLC now owns 10,737 shares of the technology company's stock worth $913,000 after purchasing an additional 2,182 shares in the last quarter. Finally, Kathmere Capital Management LLC acquired a new stake in Block during the 4th quarter worth approximately $252,000. Institutional investors own 70.44% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Monness Crespi & Hardt upgraded shares of Block from a "neutral" rating to a "buy" rating and set a $115.00 price objective on the stock in a report on Friday, December 13th. The Goldman Sachs Group boosted their price target on Block from $87.00 to $102.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Raymond James upgraded Block from a "market perform" rating to an "outperform" rating and set a $115.00 price objective for the company in a report on Friday, January 3rd. BMO Capital Markets lowered Block from an "outperform" rating to a "market perform" rating and lifted their target price for the company from $94.00 to $100.00 in a research report on Monday, November 25th. Finally, Sanford C. Bernstein upped their price target on Block from $90.00 to $120.00 and gave the stock an "outperform" rating in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, Block currently has an average rating of "Moderate Buy" and an average target price of $97.68.

Block Price Performance

Shares of SQ traded up $0.71 during midday trading on Friday, hitting $87.09. The company's stock had a trading volume of 3,973,954 shares, compared to its average volume of 6,541,677. Block, Inc. has a one year low of $55.00 and a one year high of $99.26. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.26. The company's fifty day simple moving average is $89.14 and its two-hundred day simple moving average is $74.43. The stock has a market capitalization of $53.98 billion, a price-to-earnings ratio of 48.99, a price-to-earnings-growth ratio of 0.75 and a beta of 2.51.

Insider Transactions at Block

In related news, CFO Amrita Ahuja sold 1,502 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $86.52, for a total transaction of $129,953.04. Following the completion of the transaction, the chief financial officer now directly owns 242,199 shares of the company's stock, valued at $20,955,057.48. This trade represents a 0.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chrysty Esperanza sold 2,865 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $95.00, for a total value of $272,175.00. Following the transaction, the insider now owns 85,235 shares of the company's stock, valued at $8,097,325. This trade represents a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,981 shares of company stock valued at $2,681,185. 10.49% of the stock is currently owned by insiders.

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.