Ajmere Dale Sells 750 Shares of Block (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ) CAO Ajmere Dale sold 750 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $72.22, for a total transaction of $54,165.00. Following the completion of the transaction, the chief accounting officer directly owned 103,578 shares in the company, valued at $7,480,403.16. This represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, October 2nd, Ajmere Dale sold 520 shares of Block stock. The shares were sold at an average price of $74.77, for a total transaction of $38,880.40.
• On Monday, August 25th, Ajmere Dale sold 750 shares of Block stock. The stock was sold at an average price of $80.00, for a total value of $60,000.00.
• On Thursday, August 21st, Ajmere Dale sold 3,158 shares of Block stock. The stock was sold at an average price of $73.32, for a total value of $231,544.56.
• On Wednesday, July 23rd, Ajmere Dale sold 500 shares of Block stock. The shares were sold at an average price of $80.00, for a total transaction of $40,000.00.

Block Price Performance

XYZ stock opened at $76.98 on Monday. The firm has a 50 day moving average of $76.11 and a 200-day moving average of $66.20. The company has a market cap of $46.93 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 3.11 and a beta of 2.71. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.16. Block, Inc. has a 12-month low of $44.27 and a 12-month high of $99.26.

Block (NYSE:XYZ) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.41. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $6.32 billion. Block had a return on equity of 7.85% and a net margin of 12.32%.The firm’s revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts expect that Block, Inc. will post 2.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Block

Several institutional investors have recently bought and sold shares of XYZ. S Bank Fund Management Ltd purchased a new position in shares of Block in the 2nd quarter valued at $92,000. Praxis Investment Management Inc. purchased a new position in Block in the second quarter valued at about $508,000. Nordea Investment Management AB acquired a new position in shares of Block during the second quarter worth about $3,105,000. SilverOak Wealth Management LLC acquired a new position in shares of Block during the second quarter worth about $218,000. Finally, Private Trust Co. NA purchased a new stake in shares of Block in the second quarter worth about $94,000. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XYZ has been the topic of a number of research reports. Bank of America increased their price objective on shares of Block from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Barclays lifted their target price on shares of Block from $57.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, June 9th. Raymond James Financial reissued an “outperform” rating and set a $95.00 price target (up previously from $79.00) on shares of Block in a research note on Friday, August 8th. Monness Crespi & Hardt upped their target price on Block from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, August 4th. Finally, Truist Financial raised their price target on Block from $65.00 to $70.00 and gave the stock a “sell” rating in a research note on Thursday, August 21st. Twenty-four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Block has an average rating of “Moderate Buy” and a consensus price target of $80.64.

About Block

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.