Ajmere Dale Sells 500 Shares of Block, Inc. (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ) CAO Ajmere Dale sold 500 shares of Block stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $54.48, for a total value of $27,240.00. Following the completion of the sale, the chief accounting officer now directly owns 81,999 shares of the company’s stock, valued at approximately $4,467,305.52. This represents a 0.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ajmere Dale also recently made the following trade(s):

• On Friday, February 21st, Ajmere Dale sold 1,467 shares of Block stock. The stock was sold at an average price of $70.32, for a total value of $103,159.44.

Block Price Performance

NYSE XYZ opened at $50.17 on Friday. The company has a market cap of $31.08 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 0.72 and a beta of 2.77. 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 12 month low of $47.69 and a 12 month high of $99.26. The company’s fifty day moving average is $69.53.

Block (NYSE:XYZ) last issued 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). The company had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.23 billion. Block had a return on equity of 5.80% and a net margin of 11.92%. As a group, analysts anticipate that Block, Inc. will post 2.54 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in Block by 67.7% during the fourth quarter. Versant Capital Management Inc now owns 394 shares of the technology company’s stock worth $33,000 after purchasing an additional 159 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Block by 48.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 418 shares of the technology company’s stock valued at $36,000 after purchasing an additional 136 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of Block by 18.3% during the fourth quarter. Rosenberg Matthew Hamilton now owns 982 shares of the technology company’s stock worth $83,000 after purchasing an additional 152 shares during the period. TD Private Client Wealth LLC lifted its position in shares of Block by 15.8% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,066 shares of the technology company’s stock worth $139,000 after buying an additional 282 shares during the last quarter. Finally, Ulland Investment Advisors LLC boosted its holdings in shares of Block by 92.3% in the 4th quarter. Ulland Investment Advisors LLC now owns 2,135 shares of the technology company’s stock valued at $181,000 after buying an additional 1,025 shares during the period. Institutional investors and hedge funds own 70.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on XYZ shares. Raymond James decreased their target price on shares of Block from $115.00 to $103.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $110.00 price target on shares of Block in a report on Thursday, February 20th. Keefe, Bruyette & Woods raised Block from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $87.00 to $80.00 in a research report on Tuesday, March 18th. Barclays lowered their price target on Block from $112.00 to $97.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Finally, Oppenheimer upgraded Block from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.46.

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.