Bank Julius Baer & Co. Ltd Zurich Has $1.42 Million Stock Position in Block, Inc. (NYSE:SQ)

Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Block, Inc. (NYSE:SQ) by 63.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,416 shares of the technology company’s stock after buying an additional 7,130 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Block were worth $1,424,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SQ. Hexagon Capital Partners LLC increased its holdings in Block by 89.6% during the third quarter. Hexagon Capital Partners LLC now owns 635 shares of the technology company’s stock worth $28,000 after buying an additional 300 shares during the last quarter. Front Row Advisors LLC increased its stake in shares of Block by 67,500.0% in the third quarter. Front Row Advisors LLC now owns 676 shares of the technology company’s stock worth $30,000 after purchasing an additional 675 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Block by 38.4% in the third quarter. Larson Financial Group LLC now owns 728 shares of the technology company’s stock worth $32,000 after purchasing an additional 202 shares in the last quarter. Headinvest LLC purchased a new position in shares of Block in the third quarter worth about $44,000. Finally, CNB Bank increased its stake in shares of Block by 40.2% in the third quarter. CNB Bank now owns 1,046 shares of the technology company’s stock worth $46,000 after purchasing an additional 300 shares in the last quarter. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Block Price Performance

NYSE SQ opened at $74.50 on Friday. Block, Inc. has a 12 month low of $38.85 and a 12 month high of $87.52. The stock has a market cap of $45.87 billion, a price-to-earnings ratio of 428.18, a PEG ratio of 2.01 and a beta of 2.55. The company’s 50 day moving average is $77.39 and its two-hundred day moving average is $67.11. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.22.

Block (NYSE:SQ) last released its earnings results on Thursday, February 22nd. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Block had a net margin of 0.04% and a return on equity of 0.63%. The company had revenue of $5.77 billion for the quarter, compared to analysts’ expectations of $5.69 billion. As a group, research analysts anticipate that Block, Inc. will post 1.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SQ shares. Susquehanna reaffirmed a “positive” rating and set a $100.00 price objective on shares of Block in a research note on Monday, April 22nd. Truist Financial boosted their price objective on shares of Block from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Mizuho boosted their price objective on shares of Block from $99.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Wedbush reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Block in a research note on Tuesday, February 20th. Finally, William Blair reiterated a “market perform” rating on shares of Block in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat, Block currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.67.

Insider Activity

In other news, insider Brian Grassadonia sold 127,800 shares of Block stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $65.45, for a total transaction of $8,364,510.00. Following the sale, the insider now owns 405,224 shares in the company, valued at $26,521,910.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Brian Grassadonia sold 127,800 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $65.45, for a total value of $8,364,510.00. Following the sale, the insider now owns 405,224 shares in the company, valued at $26,521,910.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Ajmere Dale sold 656 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $64.30, for a total transaction of $42,180.80. Following the sale, the chief accounting officer now directly owns 68,823 shares of the company’s stock, valued at $4,425,318.90. The disclosure for this sale can be found here. Insiders have sold a total of 363,801 shares of company stock worth $27,284,175 over the last quarter. Insiders own 10.79% of the company’s stock.

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.