Block stock is trading -8.69% below its average target price of $71.23 after marking a 2.5% during today's afternoon session. Analysts are giving the large-cap Software company an average rating of buy and target prices ranging from $40.0 to $100.0 per share.
Block's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.8%. The stock's short ratio is 1.3. The company's insiders own 0.79% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 72.5%. In conclusion, we believe there is mixed market sentiment regarding Block.
Institutions Invested in Block
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 6% | 34,915,658 | $2,270,914,428 |
| 2023-09-30 | Blackrock Inc. | 5% | 32,922,321 | $2,141,267,787 |
| 2023-09-30 | FMR, LLC | 3% | 20,754,884 | $1,349,897,674 |
| 2023-09-30 | Morgan Stanley | 3% | 15,501,940 | $1,008,246,191 |
| 2023-09-30 | Sands Capital Management, LLC | 2% | 14,042,649 | $913,333,903 |
| 2023-09-30 | Viking Global Investors, L.P. | 2% | 12,324,808 | $801,605,523 |
| 2023-09-30 | Capital World Investors | 2% | 12,301,570 | $800,094,124 |
| 2023-09-30 | Wellington Management Group, LLP | 2% | 11,131,327 | $723,981,518 |
| 2023-09-30 | State Street Corporation | 2% | 11,016,607 | $716,520,129 |
| 2023-09-30 | ARK Investment Management, LLC | 2% | 10,887,114 | $708,097,904 |
