ST Germain D J Co. Inc. Has $8.83 Million Stock Holdings in Block, Inc. (NYSE:SQ)

ST Germain D J Co. Inc. reduced its holdings in Block, Inc. (NYSE:SQ) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,915 shares of the technology company’s stock after selling 2,999 shares during the period. ST Germain D J Co. Inc.’s holdings in Block were worth $8,832,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Yoder Wealth Management Inc. boosted its position in Block by 0.4% during the third quarter. Yoder Wealth Management Inc. now owns 39,688 shares of the technology company’s stock valued at $2,664,000 after purchasing an additional 145 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of Block by 1.9% during 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% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 26,864 shares of the technology company’s stock valued at $2,283,000 after buying an additional 145 shares during the last quarter. Moser Wealth Advisors LLC grew its stake in shares of Block by 2.5% in the 3rd quarter. Moser Wealth Advisors LLC now owns 6,265 shares of the technology company’s stock valued at $421,000 after buying an additional 153 shares in the last quarter. Finally, Lindbrook Capital LLC increased its holdings in Block by 6.3% in the third quarter. Lindbrook Capital LLC now owns 2,592 shares of the technology company’s stock worth $174,000 after buying an additional 154 shares during the last quarter. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Block Price Performance

Block stock traded down $4.09 on Friday, reaching $82.66. The company’s stock had a trading volume of 3,794,898 shares, compared to its average volume of 6,541,227. The business’s fifty day moving average price is $88.39 and its 200 day moving average price is $73.83. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market cap of $51.23 billion, a price-to-earnings ratio of 46.44, a PEG ratio of 1.23 and a beta of 2.51. Block, Inc. has a twelve month low of $55.00 and a twelve month high of $99.26.

Insider Activity at Block

In other news, CAO Ajmere Dale sold 1,000 shares of Block stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $80.00, for a total transaction of $80,000.00. Following the transaction, the chief accounting officer now owns 88,791 shares in the company, valued at $7,103,280. The trade was a 1.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Amrita Ahuja sold 6,661 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $91.43, for a total transaction of $609,015.23. Following the sale, the chief financial officer now owns 246,967 shares in the company, valued at $22,580,192.81. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,981 shares of company stock worth $2,681,185 over the last ninety days. Company insiders own 10.49% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on SQ shares. William Blair reissued an “outperform” rating on shares of Block in a research report on Friday, November 15th. BNP Paribas downgraded shares of Block from an “outperform” rating to a “neutral” rating and set a $88.00 target price on the stock. in a research report on Wednesday, November 20th. Sanford C. Bernstein upped their price target on Block from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Piper Sandler reissued an “overweight” rating and issued a $83.00 price objective on shares of Block in a research note on Monday, November 11th. Finally, Monness Crespi & Hardt raised Block from a “neutral” rating to a “buy” rating and set a $115.00 target price for the company in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, Block has an average rating of “Moderate Buy” and a consensus target price of $96.77.

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.