Woodson Capital Management LP Invests $3.60 Million in Block, Inc. (NYSE:SQ)

Woodson Capital Management LP acquired a new position in shares of Block, Inc. (NYSE:SQ - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 46,500 shares of the technology company's stock, valued at approximately $3,597,000.

A number of other hedge funds also recently made changes to their positions in SQ. Montag A & Associates Inc. boosted its stake in shares of Block by 843.2% in the 4th quarter. Montag A & Associates Inc. now owns 349 shares of the technology company's stock valued at $27,000 after purchasing an additional 312 shares in the last quarter. Front Row Advisors LLC grew its stake in shares of Block by 67,500.0% during the third quarter. Front Row Advisors LLC now owns 676 shares of the technology company's stock valued at $30,000 after buying an additional 675 shares during the last quarter. Larson Financial Group LLC grew its position in Block by 38.4% during the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the technology company's stock worth $32,000 after acquiring an additional 202 shares during the last quarter. Tidemark LLC bought a new position in shares of Block in the fourth quarter worth approximately $32,000. Finally, Cape Investment Advisory Inc. grew its holdings in Block by 419.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 519 shares of the technology company's stock worth $40,000 after acquiring an additional 419 shares during the last quarter. 70.44% of the stock is owned by institutional investors.

Block Stock Down 0.4 %

Shares of NYSE:SQ traded down $0.28 during trading hours on Friday, hitting $66.34. The company's stock had a trading volume of 6,857,107 shares, compared to its average volume of 9,377,736. The company has a market capitalization of $40.93 billion, a price-to-earnings ratio of 86.16, a P/E/G ratio of 1.58 and a beta of 2.57. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. Block, Inc. has a 52 week low of $38.85 and a 52 week high of $87.52. The firm's fifty day moving average price is $75.19 and its 200 day moving average price is $70.98.

Block (NYSE:SQ - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.32. The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.75 billion. Block had a return on equity of 2.04% and a net margin of 2.18%. As a group, research analysts expect that Block, Inc. will post 1.26 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. Susquehanna restated a "positive" rating and issued a $100.00 price objective on shares of Block in a report on Monday, April 22nd. Mizuho upped their price target on shares of Block from $99.00 to $106.00 and gave the stock a "buy" rating in a research note on Wednesday, April 10th. Wolfe Research upped their target price on shares of Block from $95.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, April 11th. Wells Fargo & Company raised shares of Block from an "equal weight" rating to an "overweight" rating and set a $95.00 price target for the company in a research report on Friday, February 23rd. Finally, William Blair reiterated a "market perform" rating on shares of Block in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-seven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $87.59.

Insiders Place Their Bets

In other news, CAO Ajmere Dale sold 500 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $84.75, for a total value of $42,375.00. Following the sale, the chief accounting officer now owns 68,323 shares in the company, valued at $5,790,374.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Block news, insider Brian Grassadonia sold 111,666 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $82.73, for a total transaction of $9,238,128.18. Following the transaction, the insider now owns 485,645 shares in the company, valued at $40,177,410.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Ajmere Dale sold 500 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $84.75, for a total value of $42,375.00. Following the transaction, the chief accounting officer now owns 68,323 shares in the company, valued at approximately $5,790,374.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 359,653 shares of company stock valued at $27,333,065. 10.49% of the stock is owned by company insiders.

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.

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