837 Shares in Block, Inc. (NYSE:SQ) Bought by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC bought a new stake in shares of Block, Inc. (NYSE:SQ) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 837 shares of the technology company’s stock, valued at approximately $71,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SQ. Bares Capital Management Inc. lifted its holdings in shares of Block by 2.0% during the fourth quarter. Bares Capital Management Inc. now owns 4,487,251 shares of the technology company’s stock worth $347,089,000 after buying an additional 87,826 shares during the last quarter. Trivest Advisors Ltd acquired a new stake in Block in the 4th quarter valued at $157,021,000. IFG Advisory LLC bought a new stake in Block in the fourth quarter valued at $213,000. Vanguard Group Inc. raised its stake in Block by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 36,192,701 shares of the technology company’s stock worth $2,799,505,000 after acquiring an additional 1,277,043 shares in the last quarter. Finally, &PARTNERS boosted its stake in shares of Block by 8.3% in the 1st quarter. &PARTNERS now owns 8,641 shares of the technology company’s stock valued at $731,000 after purchasing an additional 659 shares in the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

Insider Buying and Selling at Block

In other news, CFO Amrita Ahuja sold 6,788 shares of Block stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $71.26, for a total value of $483,712.88. Following the sale, the chief financial officer now directly owns 282,886 shares in the company, valued at $20,158,456.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Amrita Ahuja sold 6,788 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $71.26, for a total value of $483,712.88. Following the completion of the transaction, the chief financial officer now owns 282,886 shares in the company, valued at approximately $20,158,456.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian Grassadonia sold 113,668 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $67.56, for a total value of $7,679,410.08. Following the sale, the insider now owns 603,861 shares in the company, valued at approximately $40,796,849.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 247,739 shares of company stock worth $18,584,747. Corporate insiders own 10.49% of the company’s stock.

Block Trading Down 1.2 %

Shares of NYSE:SQ opened at $63.28 on Thursday. The firm has a market cap of $39.05 billion, a price-to-earnings ratio of 82.18, a PEG ratio of 1.50 and a beta of 2.54. Block, Inc. has a 12 month low of $38.85 and a 12 month high of $87.52. The company’s fifty day simple moving average is $68.23 and its 200 day simple moving average is $71.69. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16.

Block (NYSE:SQ) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.32. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.75 billion. Block had a return on equity of 2.04% and a net margin of 2.18%. As a group, research analysts forecast that Block, Inc. will post 1.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SQ. Morgan Stanley reaffirmed an “underweight” rating and set a $60.00 price objective (down from $62.00) on shares of Block in a research note on Thursday, April 4th. Robert W. Baird boosted their price objective on shares of Block from $98.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Evercore ISI reiterated an “in-line” rating and issued a $75.00 price objective on shares of Block in a research report on Tuesday, March 26th. KeyCorp boosted their target price on Block from $80.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. Finally, Mizuho raised their price target on Block from $99.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, Block has a consensus rating of “Moderate Buy” and an average price target of $87.13.

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.