Lindbrook Capital LLC Purchases 775 Shares of Block, Inc. (NYSE:SQ)

Lindbrook Capital LLC boosted its position in Block, Inc. (NYSE:SQ) by 51.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,294 shares of the technology company’s stock after purchasing an additional 775 shares during the period. Lindbrook Capital LLC’s holdings in Block were worth $177,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SQ. Hexagon Capital Partners LLC boosted its stake in shares of Block by 89.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 635 shares of the technology company’s stock worth $28,000 after acquiring an additional 300 shares during the period. Front Row Advisors LLC boosted its position in Block by 67,500.0% during the third quarter. Front Row Advisors LLC now owns 676 shares of the technology company’s stock worth $30,000 after purchasing an additional 675 shares during the period. Larson Financial Group LLC increased its holdings in shares of Block by 38.4% in the third quarter. Larson Financial Group LLC now owns 728 shares of the technology company’s stock valued at $32,000 after purchasing an additional 202 shares during the last quarter. Headinvest LLC bought a new position in shares of Block in the third quarter valued at about $44,000. Finally, CNB Bank lifted its stake in shares of Block by 40.2% during the 3rd quarter. CNB Bank now owns 1,046 shares of the technology company’s stock worth $46,000 after buying an additional 300 shares during the last quarter. Institutional investors own 70.44% of the company’s stock.

Block Stock Up 1.7 %

Shares of NYSE SQ opened at $71.61 on Tuesday. The company has a 50 day simple moving average of $76.81 and a 200 day simple moving average of $66.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.90 and a quick ratio of 1.90. Block, Inc. has a 1 year low of $38.85 and a 1 year high of $87.52. The firm has a market cap of $44.09 billion, a PE ratio of 414.23, a price-to-earnings-growth ratio of 2.08 and a beta of 2.55.

Block (NYSE:SQ) last announced its earnings results on Thursday, February 22nd. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. Block had a return on equity of 0.63% and a net margin of 0.04%. The firm had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.69 billion. On average, research analysts forecast that Block, Inc. will post 1.02 EPS for the current year.

Insider Activity at Block

In other Block news, CAO Ajmere Dale sold 500 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $84.75, for a total transaction of $42,375.00. Following the completion of the sale, the chief accounting officer now directly owns 68,323 shares in the company, valued at approximately $5,790,374.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Brian Grassadonia sold 127,800 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $65.45, for a total value of $8,364,510.00. Following the completion of the sale, the insider now directly owns 405,224 shares in the company, valued at approximately $26,521,910.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Ajmere Dale sold 500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $84.75, for a total value of $42,375.00. Following the transaction, the chief accounting officer now directly owns 68,323 shares in the company, valued at $5,790,374.25. The disclosure for this sale can be found here. Insiders have sold a total of 363,801 shares of company stock worth $27,284,175 over the last quarter. Company insiders own 10.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on SQ. William Blair reiterated a “market perform” rating on shares of Block in a research note on Friday, February 23rd. Seaport Res Ptn upgraded Block from a “neutral” rating to a “buy” rating in a research note on Friday, February 23rd. Truist Financial upped their price objective on Block from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Royal Bank of Canada lifted their target price on Block from $77.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, KeyCorp upped their price target on shares of Block from $80.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, March 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.67.

About Block

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.