Ajmere Dale Sells 1,467 Shares of Block, Inc. (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ) CAO Ajmere Dale sold 1,467 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $70.32, for a total value of $103,159.44. Following the completion of the sale, the chief accounting officer now owns 82,499 shares of the company’s stock, valued at $5,801,329.68. The trade was a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ajmere Dale also recently made the following trade(s):

• On Thursday, January 2nd, Ajmere Dale sold 2,044 shares of Block stock. The shares were sold at an average price of $86.72, for a total value of $177,255.68.

Block Stock Down 4.5 %

Shares of NYSE XYZ opened at $62.93 on Wednesday. Block, Inc. has a fifty-two week low of $55.00 and a fifty-two week high of $99.26. The stock has a market capitalization of $39.00 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 0.72 and a beta of 2.53. 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 (NYSE:XYZ) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.11). Block had a net margin of 11.92% and a return on equity of 5.80%. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.23 billion. Sell-side analysts forecast that Block, Inc. will post 2.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Block

Hedge funds have recently modified their holdings of the company. Swiss National Bank lifted its position in shares of Block by 0.5% during the 3rd quarter. Swiss National Bank now owns 1,651,886 shares of the technology company’s stock worth $110,891,000 after buying an additional 8,200 shares in the last quarter. National Pension Service lifted its position in shares of Block by 13.5% during the 3rd quarter. National Pension Service now owns 1,083,113 shares of the technology company’s stock worth $72,709,000 after buying an additional 128,832 shares in the last quarter. Diversify Advisory Services LLC bought a new position in shares of Block during the 4th quarter worth approximately $1,315,000. Baillie Gifford & Co. lifted its position in shares of Block by 1.5% during the 3rd quarter. Baillie Gifford & Co. now owns 10,233,102 shares of the technology company’s stock worth $686,948,000 after buying an additional 147,873 shares in the last quarter. Finally, Perpetual Ltd bought a new position in shares of Block during the 4th quarter worth approximately $10,779,000. Institutional investors own 70.44% of the company’s stock.

Analyst Ratings Changes

XYZ has been the subject of a number of recent research reports. Canaccord Genuity Group decreased their price objective on Block from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, February 21st. Wells Fargo & Company increased their price target on Block from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley upgraded Block from an “underweight” rating to an “equal weight” rating and set a $65.00 price target for the company in a report on Tuesday. Piper Sandler decreased their price target on Block from $101.00 to $85.00 and set an “overweight” rating for the company in a report on Monday. Finally, Sanford C. Bernstein increased their price target on Block from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Six investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $96.31.

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.