Friedenthal Financial acquired a new position in shares of Block, Inc. (NYSE:SQ – Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,750 shares of the technology company’s stock, valued at approximately $744,000.
Several other hedge funds have also recently bought and sold shares of SQ. Acadian Asset Management LLC bought a new position in shares of Block in the 2nd quarter valued at $443,000. LPL Financial LLC boosted its stake in Block by 10.1% in the second quarter. LPL Financial LLC now owns 526,501 shares of the technology company’s stock valued at $33,954,000 after buying an additional 48,107 shares in the last quarter. Meeder Advisory Services Inc. boosted its stake in Block by 48.2% in the second quarter. Meeder Advisory Services Inc. now owns 7,266 shares of the technology company’s stock valued at $469,000 after buying an additional 2,363 shares in the last quarter. Federated Hermes Inc. grew its position in Block by 1.8% in the second quarter. Federated Hermes Inc. now owns 196,456 shares of the technology company’s stock valued at $12,669,000 after acquiring an additional 3,479 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Block by 5.4% during the second quarter. Envestnet Asset Management Inc. now owns 266,067 shares of the technology company’s stock worth $17,159,000 after acquiring an additional 13,649 shares in the last quarter. 70.44% of the stock is owned by institutional investors.
Insider Activity
In other Block news, CAO Ajmere Dale sold 1,000 shares of Block stock in a transaction on Monday, November 11th. The shares were sold at an average price of $80.00, for a total transaction of $80,000.00. Following the transaction, the chief accounting officer now directly owns 88,791 shares of the company’s stock, valued at $7,103,280. The trade was a 1.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Owen Britton Jennings sold 2,836 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $89.38, for a total transaction of $253,481.68. Following the transaction, the insider now owns 195,449 shares in the company, valued at approximately $17,469,231.62. This trade represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,981 shares of company stock worth $2,681,185 over the last three months. 10.49% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on Block
Block Stock Down 0.5 %
NYSE SQ traded down $0.39 during mid-day trading on Monday, hitting $82.15. The company’s stock had a trading volume of 6,523,264 shares, compared to its average volume of 6,908,747. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.26. The company’s 50 day simple moving average is $88.60 and its 200 day simple moving average is $74.10. Block, Inc. has a twelve month low of $55.00 and a twelve month high of $99.26. The firm has a market capitalization of $50.92 billion, a price-to-earnings ratio of 46.15, a PEG ratio of 1.23 and a beta of 2.51.
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.
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