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 firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $70.32, for a total transaction of $103,159.44. Following the completion of the transaction, the chief accounting officer now directly owns 82,499 shares in the company, valued at approximately $5,801,329.68. The trade was a 1.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 transaction of $177,255.68.

Block Price Performance

Shares of NYSE:XYZ opened at $65.29 on Thursday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.26. Block, Inc. has a one year low of $55.00 and a one year high of $99.26. The firm has a market capitalization of $40.47 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 0.72 and a beta of 2.53.

Block (NYSE:XYZ) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported $0.26 EPS 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 firm 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 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of XYZ. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Block by 183.8% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,154 shares of the technology company’s stock worth $778,000 after acquiring an additional 5,929 shares during the last quarter. Guerra Pan Advisors LLC bought a new stake in shares of Block during the 4th quarter worth $211,000. Moody Lynn & Lieberson LLC bought a new stake in shares of Block during the 4th quarter worth $3,775,000. Toth Financial Advisory Corp lifted its holdings in shares of Block by 18,150.0% during the 4th quarter. Toth Financial Advisory Corp now owns 7,300 shares of the technology company’s stock worth $620,000 after acquiring an additional 7,260 shares during the last quarter. Finally, Nepsis Inc. bought a new stake in shares of Block during the 4th quarter worth $9,769,000. 70.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on XYZ. Macquarie increased their price objective on shares of Block from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Morgan Stanley upgraded shares of Block from an “underweight” rating to an “equal weight” rating and set a $65.00 price objective for the company in a research note on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $110.00 price objective on shares of Block in a research note on Thursday, February 20th. Wells Fargo & Company increased their price objective on shares of Block from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group decreased their price objective on shares of Block from $109.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Six analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average 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.