Block stock is trading -15.19% below its average target price of $97.33 after dropping -4.9% 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 $125.0 per share.
Block's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.1%. The stock's short ratio is 1.21. The company's insiders own 0.86% 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 70.2%. In conclusion, we believe there is mixed market sentiment regarding Block.
Institutions Invested in Block
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 9% | 52,878,651 | $4,364,603,901 |
| 2024-09-30 | Blackrock Inc. | 6% | 30,809,529 | $2,543,018,551 |
| 2024-09-30 | FMR, LLC | 4% | 23,018,140 | $1,899,917,296 |
| 2024-09-30 | Morgan Stanley | 3% | 16,404,044 | $1,353,989,806 |
| 2024-09-30 | JP Morgan Chase & Company | 3% | 15,888,096 | $1,311,403,458 |
| 2024-09-30 | State Street Corporation | 2% | 11,924,545 | $984,251,955 |
| 2024-09-30 | Sands Capital Management, LLC | 2% | 11,227,844 | $926,746,254 |
| 2024-09-30 | Baillie Gifford and Company | 2% | 10,233,102 | $844,640,248 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 8,690,075 | $717,278,798 |
| 2024-09-30 | Sumitomo Mitsui Trust Holdings, Inc. | 1% | 7,882,071 | $650,586,147 |
