Block, Inc. (NYSE:SQ) Shares Sold by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC reduced its holdings in Block, Inc. (NYSE:SQ) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,867 shares of the technology company’s stock after selling 174 shares during the period. Bouvel Investment Partners LLC’s holdings in Block were worth $1,199,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SQ. LRI Investments LLC purchased a new stake in shares of Block during the first quarter worth about $34,000. Unique Wealth Strategies LLC acquired a new stake in shares of Block during the second quarter valued at about $34,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Block in the 2nd quarter valued at $44,000. V Square Quantitative Management LLC acquired a new stake in Block during the 3rd quarter worth approximately $46,000. Finally, Hobbs Group Advisors LLC purchased a new position in Block in the second quarter valued at $49,000. 70.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SQ. UBS Group dropped their price objective on Block from $100.00 to $92.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Needham & Company LLC boosted their price target on Block from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Benchmark restated a “buy” rating and issued a $99.00 target price on shares of Block in a research note on Friday, August 2nd. William Blair raised Block to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Macquarie reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Block in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Block presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.30.

Block Trading Down 1.6 %

Shares of SQ opened at $85.82 on Thursday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.26. Block, Inc. has a 1-year low of $53.82 and a 1-year high of $90.00. The stock has a market capitalization of $52.84 billion, a P/E ratio of 48.21, a P/E/G ratio of 1.18 and a beta of 2.48. The business’s 50-day moving average price is $69.67 and its 200 day moving average price is $67.09.

Insider Activity

In other news, insider Chrysty Esperanza sold 2,964 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $80.00, for a total value of $237,120.00. Following the completion of the sale, the insider now owns 88,607 shares of the company’s stock, valued at $7,088,560. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Brian Grassadonia sold 8,328 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $64.77, for a total transaction of $539,404.56. Following the transaction, the insider now directly owns 580,086 shares in the company, valued at $37,572,170.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Chrysty Esperanza sold 2,964 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $80.00, for a total transaction of $237,120.00. Following the completion of the transaction, the insider now directly owns 88,607 shares in the company, valued at $7,088,560. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,678 shares of company stock worth $1,924,112 over the last 90 days. 10.49% of the stock is owned by company insiders.

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.