Block shares fell -1.1% this afternoon to a price of $76.43. The stock is still trading within range of its average target price of $73.88, and over the last 52 weeks, it has recorded a 23.5% performance. Analysts have given the large-cap Software stock target prices ranging from $40.0 to $100.0 dollars per share, with an average rating of buy.
Block's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 4.2%. The stock's short ratio is 1.5. 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 67.7%. 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 | $2,668,603,751 |
| 2023-09-30 | Blackrock Inc. | 6% | 32,922,321 | $2,516,253,004 |
| 2023-09-30 | FMR, LLC | 4% | 20,754,884 | $1,586,295,790 |
| 2023-09-30 | Morgan Stanley | 3% | 15,501,940 | $1,184,813,278 |
| 2023-09-30 | Sands Capital Management, LLC | 3% | 14,042,649 | $1,073,279,667 |
| 2023-09-30 | Viking Global Investors, L.P. | 2% | 12,324,808 | $941,985,079 |
| 2023-09-30 | Capital World Investors | 2% | 12,301,570 | $940,208,998 |
| 2023-09-30 | Wellington Management Group, LLP | 2% | 11,131,327 | $850,767,326 |
| 2023-09-30 | State Street Corporation | 2% | 11,016,607 | $841,999,276 |
| 2023-09-30 | ARK Investment Management, LLC | 2% | 10,887,114 | $832,102,126 |
