[ad_1]
On March 10, 2023 at 09:36:49 ET an unusually large
$387.00K block of Put contracts in Block
(SQ) was bought,
with a strike price of $70.00 / share, expiring in 42 days (on April 21, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 1.46 sigmas above the mean, placing it in the 92.72 percentile of all recent large trades made in SQ options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 35.19% Upside
As of March 10, 2023,
the average one-year price target for Block is $99.77.
The forecasts range from a low of $70.70 to a high of $171.15.
The average price target represents an increase of 35.19% from its latest reported closing price of $73.80.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Block
is $20,826MM, an increase of 18.79%.
The projected annual non-GAAP EPS
is $1.72.
What is the Fund Sentiment?
There are 1613 funds or institutions reporting positions in Block.
This is a decrease
of
11
owner(s) or 0.68% in the last quarter.
Average portfolio weight of all funds dedicated to SQ is 0.53%,
an increase
of 20.08%.
Total shares owned by institutions increased
in the last three months by 4.83% to 432,161K shares.
The put/call ratio of SQ is 1.06, indicating a
bearish
outlook.
What are Large Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 16,329K shares
representing 2.71% ownership of the company.
In it’s prior filing, the firm reported owning 15,774K shares, representing
an increase
of 3.40%.
The firm
increased
its portfolio allocation in SQ by 9.24% over the last quarter.
Sands Capital Management
holds 15,756K shares
representing 2.61% ownership of the company.
In it’s prior filing, the firm reported owning 15,878K shares, representing
a decrease
of 0.77%.
The firm
increased
its portfolio allocation in SQ by 14.16% over the last quarter.
Wellington Management Group Llp
holds 13,428K shares
representing 2.23% ownership of the company.
In it’s prior filing, the firm reported owning 11,884K shares, representing
an increase
of 11.50%.
The firm
increased
its portfolio allocation in SQ by 21.56% over the last quarter.
Fisher Asset Management
holds 11,360K shares
representing 1.88% ownership of the company.
In it’s prior filing, the firm reported owning 4,568K shares, representing
an increase
of 59.79%.
The firm
increased
its portfolio allocation in SQ by 156.28% over the last quarter.
Capital World Investors
holds 9,382K shares
representing 1.56% ownership of the company.
In it’s prior filing, the firm reported owning 9,381K shares, representing
an increase
of 0.01%.
The firm
increased
its portfolio allocation in SQ by 8.52% over the last quarter.
Block Background Information
(This description is provided by the company.)
Square, Inc. builds tools to empower businesses and individuals to participate in the economy. Sellers use Square to reach buyers online and in person, and to manage their business. Square has offices in the United States, Canada, Japan, Australia, Ireland, Spain and the UK.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
[ad_2]
Image and article originally from www.nasdaq.com. Read the original article here.