Oppenheimer & Co. Inc. Purchases 211 Shares of Block, Inc. (NYSE:SQ)

Oppenheimer & Co. Inc. boosted its position in Block, Inc. (NYSE:SQFree Report) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,753 shares of the technology company’s stock after purchasing an additional 211 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Block were worth $830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SQ. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Block during the 1st quarter valued at $31,000. Tobam raised its position in shares of Block by 885.7% during the 2nd quarter. Tobam now owns 483 shares of the technology company’s stock valued at $32,000 after buying an additional 434 shares in the last quarter. McClarren Financial Advisors Inc. raised its position in shares of Block by 1,571.4% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 585 shares of the technology company’s stock valued at $38,000 after buying an additional 550 shares in the last quarter. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Block during the 2nd quarter valued at $40,000. Finally, Hexagon Capital Partners LLC raised its position in shares of Block by 89.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 635 shares of the technology company’s stock valued at $28,000 after buying an additional 300 shares in the last quarter. 61.17% of the stock is currently owned by hedge funds and other institutional investors.

Block Price Performance

Shares of NYSE SQ opened at $68.81 on Friday. Block, Inc. has a 1 year low of $38.85 and a 1 year high of $83.08. The firm has a 50-day moving average of $69.62 and a 200 day moving average of $59.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.91 and a quick ratio of 1.91.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SQ shares. Mizuho raised their price objective on shares of Block from $90.00 to $99.00 and gave the company a “buy” rating in a research report on Tuesday, December 12th. Royal Bank of Canada reduced their target price on shares of Block from $90.00 to $77.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. BTIG Research raised shares of Block from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Tuesday, January 30th. Piper Sandler reduced their target price on shares of Block from $77.00 to $67.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. Finally, Monness Crespi & Hardt increased their target price on shares of Block from $75.00 to $85.00 and gave the company a “buy” rating in a report on Monday, January 29th. Seven research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.87.

Get Our Latest Analysis on Block

Insider Activity at Block

In other Block news, Director Roelof Botha purchased 23,433 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average cost of $50.97 per share, with a total value of $1,194,380.01. Following the transaction, the director now directly owns 540,646 shares in the company, valued at approximately $27,556,726.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Block news, Director Roelof Botha purchased 23,433 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average cost of $50.97 per share, with a total value of $1,194,380.01. Following the transaction, the director now directly owns 540,646 shares in the company, valued at approximately $27,556,726.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Grassadonia sold 5,652 shares of Block stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $68.00, for a total transaction of $384,336.00. Following the completion of the transaction, the insider now directly owns 280,208 shares of the company’s stock, valued at $19,054,144. The disclosure for this sale can be found here. Insiders sold a total of 33,302 shares of company stock valued at $2,258,303 in the last three months. Company insiders own 10.79% of the company’s stock.

Block Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding SQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Block, Inc. (NYSE:SQFree Report).

Institutional Ownership by Quarter for Block (NYSE:SQ)

Receive News & Ratings for Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Block and related companies with MarketBeat.com's FREE daily email newsletter.