Wealth Enhancement Advisory Services LLC Purchases 145 Shares of Block, Inc. (NYSE:SQ)

Wealth Enhancement Advisory Services LLC lifted its position in Block, Inc. (NYSE:SQ) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,864 shares of the technology company’s stock after buying an additional 145 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Block were worth $2,283,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in Block in the second quarter worth about $443,000. LPL Financial LLC boosted its stake in Block by 10.1% in the 2nd quarter. LPL Financial LLC now owns 526,501 shares of the technology company’s stock worth $33,954,000 after purchasing an additional 48,107 shares in the last quarter. Federated Hermes Inc. grew its position in Block by 1.8% during the 2nd quarter. Federated Hermes Inc. now owns 196,456 shares of the technology company’s stock worth $12,669,000 after purchasing an additional 3,479 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Block by 5.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 266,067 shares of the technology company’s stock valued at $17,159,000 after purchasing an additional 13,649 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in Block by 54.5% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 14,168 shares of the technology company’s stock valued at $914,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 70.44% of the company’s stock.

Insiders Place Their Bets

In related news, insider Brian Grassadonia sold 8,328 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $91.18, for a total transaction of $759,347.04. Following the completion of the sale, the insider now directly owns 563,894 shares in the company, valued at approximately $51,415,854.92. The trade was a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Ajmere Dale sold 1,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $80.00, for a total value of $80,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 88,791 shares of the company’s stock, valued at approximately $7,103,280. This represents a 1.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,981 shares of company stock worth $2,681,185. Corporate insiders own 10.49% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SQ. Canaccord Genuity Group boosted their price objective on shares of Block from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. The Goldman Sachs Group increased their price objective on Block from $87.00 to $102.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Monness Crespi & Hardt raised Block from a “neutral” rating to a “buy” rating and set a $115.00 target price for the company in a report on Friday, December 13th. Keefe, Bruyette & Woods cut their price target on shares of Block from $105.00 to $100.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. Finally, William Blair restated an “outperform” rating on shares of Block in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, Block presently has an average rating of “Moderate Buy” and a consensus target price of $97.35.

Block Stock Up 0.5 %

SQ stock opened at $82.45 on Wednesday. Block, Inc. has a 52 week low of $55.00 and a 52 week high of $99.26. 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 firm has a 50-day simple moving average of $88.99 and a 200-day simple moving average of $74.36. The stock has a market capitalization of $51.10 billion, a P/E ratio of 46.32, a P/E/G ratio of 1.23 and a beta of 2.51.

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.