Stonekeep Investments LLC Has $391,000 Stock Holdings in Block, Inc. (NYSE:SQ)

Stonekeep Investments LLC grew its holdings in shares of Block, Inc. (NYSE:SQ) by 21.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,606 shares of the technology company’s stock after purchasing an additional 805 shares during the quarter. Stonekeep Investments LLC’s holdings in Block were worth $391,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SQ. Arkadios Wealth Advisors raised its position in shares of Block by 21.0% during the fourth quarter. Arkadios Wealth Advisors now owns 40,656 shares of the technology company’s stock worth $3,455,000 after purchasing an additional 7,054 shares during the period. DB Fitzpatrick & Co Inc lifted its stake in shares of Block by 11.0% in the fourth quarter. DB Fitzpatrick & Co Inc now owns 19,167 shares of the technology company’s stock valued at $1,629,000 after buying an additional 1,901 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of Block during the fourth quarter valued at about $271,000. Avanza Fonder AB bought a new stake in shares of Block during the fourth quarter worth about $2,414,000. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of Block by 9.8% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 8,065 shares of the technology company’s stock worth $685,000 after acquiring an additional 717 shares during the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on SQ shares. Barclays boosted their price objective on Block from $100.00 to $112.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Citigroup boosted their price target on shares of Block from $90.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday. BNP Paribas lowered shares of Block from an “outperform” rating to a “neutral” rating and set a $88.00 price target for the company. in a research report on Wednesday, November 20th. William Blair restated an “outperform” rating on shares of Block in a research note on Friday, November 15th. Finally, The Goldman Sachs Group raised their target price on Block from $87.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $97.68.

Insider Buying and Selling

In related news, insider Brian Grassadonia sold 8,328 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $91.18, for a total transaction of $759,347.04. Following the completion of the sale, the insider now owns 563,894 shares of the company’s stock, valued at $51,415,854.92. This trade represents a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Ajmere Dale sold 1,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $80.00, for a total value of $80,000.00. Following the sale, the chief accounting officer now owns 88,791 shares in the company, valued at approximately $7,103,280. This represents a 1.11 % 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 valued at $2,681,185 over the last quarter. Corporate insiders own 10.49% of the company’s stock.

Block Price Performance

SQ opened at $87.00 on Friday. 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 stock has a fifty day simple moving average of $89.61 and a two-hundred day simple moving average of $74.68. The company has a market cap of $53.92 billion, a price-to-earnings ratio of 48.88, a price-to-earnings-growth ratio of 0.75 and a beta of 2.51. Block, Inc. has a 12-month low of $55.00 and a 12-month high of $99.26.

Block 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.