Goldstone Financial Group LLC Has $230,000 Stake in Block, Inc. (NYSE:SQ)

Goldstone Financial Group LLC lessened its stake in shares of Block, Inc. (NYSE:SQ) by 16.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,705 shares of the technology company’s stock after selling 542 shares during the period. Goldstone Financial Group LLC’s holdings in Block were worth $230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Yoder Wealth Management Inc. grew its stake in Block by 0.4% in the third quarter. Yoder Wealth Management Inc. now owns 39,688 shares of the technology company’s stock valued at $2,664,000 after acquiring an additional 145 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Block by 1.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 7,744 shares of the technology company’s stock worth $520,000 after purchasing an additional 145 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Block by 0.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 26,864 shares of the technology company’s stock worth $2,283,000 after purchasing an additional 145 shares in the last quarter. Rosenberg Matthew Hamilton raised its stake in shares of Block by 18.3% in the fourth quarter. Rosenberg Matthew Hamilton now owns 982 shares of the technology company’s stock worth $83,000 after purchasing an additional 152 shares during the last quarter. Finally, Moser Wealth Advisors LLC lifted its stake in Block by 2.5% during the 3rd quarter. Moser Wealth Advisors LLC now owns 6,265 shares of the technology company’s stock valued at $421,000 after acquiring an additional 153 shares in the last quarter. 70.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Block news, CFO Amrita Ahuja sold 1,502 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $86.52, for a total transaction of $129,953.04. Following the sale, the chief financial officer now owns 242,199 shares in the company, valued at $20,955,057.48. This trade represents a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chrysty Esperanza sold 2,865 shares of the company’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 completion of the transaction, the insider now owns 85,235 shares of the company’s stock, valued at $8,097,325. The trade was a 3.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,981 shares of company stock valued at $2,681,185 in the last quarter. Corporate insiders own 10.49% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on SQ shares. Piper Sandler reiterated an “overweight” rating and set a $83.00 price target on shares of Block in a report on Monday, November 11th. Morgan Stanley raised their target price on Block from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 18th. Sanford C. Bernstein upped their price target on Block from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, December 2nd. Wells Fargo & Company lifted their price objective on Block from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, William Blair restated an “outperform” rating on shares of Block in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, Block presently has a consensus rating of “Moderate Buy” and an average target price of $97.68.

Block Stock Up 0.7 %

SQ stock opened at $87.00 on Friday. The company’s 50 day moving average is $89.61 and its 200 day moving average is $74.68. The stock has a market cap of $53.92 billion, a price-to-earnings ratio of 48.88, a price-to-earnings-growth ratio of 0.75 and a beta of 2.51. 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, Inc. has a 1-year low of $55.00 and a 1-year high of $99.26.

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.