Ulland Investment Advisors LLC Purchases 1,025 Shares of Block, Inc. (NYSE:SQ)

Ulland Investment Advisors LLC raised its position in Block, Inc. (NYSE:SQ) by 92.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,135 shares of the technology company’s stock after acquiring an additional 1,025 shares during the period. Ulland Investment Advisors LLC’s holdings in Block were worth $181,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of SQ. SouthState Corp raised its holdings in shares of Block by 85.3% in the 3rd quarter. SouthState Corp now owns 391 shares of the technology company’s stock worth $26,000 after acquiring an additional 180 shares during the last quarter. Versant Capital Management Inc boosted its stake in Block by 67.7% during the 4th quarter. Versant Capital Management Inc now owns 394 shares of the technology company’s stock valued at $33,000 after purchasing an additional 159 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Block by 48.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 418 shares of the technology company’s stock worth $36,000 after purchasing an additional 136 shares during the last quarter. True Wealth Design LLC raised its stake in shares of Block by 64.7% in the third quarter. True Wealth Design LLC now owns 494 shares of the technology company’s stock worth $33,000 after purchasing an additional 194 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new position in shares of Block in the third quarter valued at approximately $46,000. Institutional investors own 70.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on SQ shares. Monness Crespi & Hardt raised Block from a “neutral” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Friday, December 13th. Wells Fargo & Company raised their price target on shares of Block from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Barclays increased their price objective on shares of Block from $100.00 to $112.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Morgan Stanley boosted their target price on Block from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods dropped their price target on Block from $105.00 to $100.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $97.68.

Block Stock Up 0.7 %

SQ stock opened at $87.00 on Tuesday. Block, Inc. has a twelve month low of $55.00 and a twelve month high of $99.26. The firm has a market capitalization of $53.92 billion, a PE ratio of 48.88, a PEG ratio of 0.79 and a beta of 2.51. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.26. The stock has a 50-day simple moving average of $89.61 and a two-hundred day simple moving average of $74.82.

Insider Activity at Block

In related news, CAO Ajmere Dale sold 1,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $80.00, for a total value of $80,000.00. Following the sale, the chief accounting officer now owns 88,791 shares in the company, valued at approximately $7,103,280. This trade represents a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chrysty Esperanza sold 2,964 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $80.00, for a total value of $237,120.00. Following the transaction, the insider now owns 88,607 shares of the company’s stock, valued at approximately $7,088,560. The trade was a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,981 shares of company stock valued at $2,681,185. Corporate insiders own 10.49% of the company’s stock.

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.