5,600 Shares in Block, Inc. $XYZ Bought by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. bought a new stake in Block, Inc. (NYSE:XYZ) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,600 shares of the technology company’s stock, valued at approximately $380,000.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. bought a new stake in Block in the second quarter worth approximately $3,730,489,000. Geode Capital Management LLC acquired a new stake in shares of Block in the second quarter worth about $634,721,000. ARK Investment Management LLC acquired a new position in shares of Block during the 2nd quarter valued at about $210,016,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Block in the 2nd quarter valued at approximately $204,223,000. Finally, Legal & General Group Plc acquired a new stake in Block in the 2nd quarter worth approximately $189,211,000. Institutional investors own 70.44% of the company’s stock.

Block Stock Up 2.2%

Shares of NYSE:XYZ opened at $65.11 on Thursday. Block, Inc. has a 12 month low of $44.27 and a 12 month high of $99.26. The firm has a market cap of $39.57 billion, a P/E ratio of 13.13, a P/E/G ratio of 3.57 and a beta of 2.73. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $72.46 and its two-hundred day moving average price is $70.72.

Block (NYSE:XYZ) last announced its earnings results on Thursday, November 6th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.29. The company had revenue of $6.11 billion for the quarter. Block had a net margin of 12.99% and a return on equity of 5.54%. Block’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 earnings per share. As a group, research analysts forecast that Block, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Block

In other Block news, CAO Ajmere Dale sold 2,724 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $61.40, for a total transaction of $167,253.60. Following the completion of the sale, the chief accounting officer directly owned 99,585 shares of the company’s stock, valued at approximately $6,114,519. The trade was a 2.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Owen Britton Jennings sold 10,417 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $61.40, for a total transaction of $639,603.80. Following the completion of the transaction, the insider directly owned 243,540 shares in the company, valued at $14,953,356. This trade represents a 4.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 108,958 shares of company stock valued at $7,712,257. 10.85% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on XYZ. Raymond James Financial reiterated an “outperform” rating and issued a $95.00 price objective (up from $79.00) on shares of Block in a research note on Friday, August 8th. Jefferies Financial Group raised their price objective on shares of Block from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, October 21st. Cowen restated a “buy” rating on shares of Block in a report on Friday, August 8th. Oppenheimer reiterated an “outperform” rating and issued a $85.00 target price on shares of Block in a research note on Friday, November 7th. Finally, BNP Paribas downgraded Block from a “strong-buy” rating to a “hold” rating and set a $86.00 price objective for the company. in a research report on Tuesday, September 2nd. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.42.

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.