Raymond James Upgrades Block: What Investors Need to Know
On January 3, 2025, Fintel reported that Raymond James has changed its outlook for Block (BRSE:SQ3) from Market Perform to Outperform.
Current Fund Sentiment
There are currently 1,656 funds or institutions that hold positions in Block. This marks a decline of 14 owners, or 0.84%, since the last quarter. The average portfolio weight of all funds invested in SQ3 stands at -6.11%, a significant increase of 1,971.97%. Over the past three months, the total shares owned by institutions rose by 2.14% to 436,719,000 shares.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 17,637,000 shares, which is 3.15% of the company. Previously, it reported 17,608,000 shares, showing an increase of 0.17%. However, the firm decreased its portfolio allocation in SQ3 by 2.07% over the last quarter.
JPMorgan Chase owns 15,888,000 shares, or 2.84% of the company. Their last filing indicated 14,597,000 shares, representing an increase of 8.13%. They also marked a substantial increase of 1,080.87% in their portfolio allocation in SQ3 last quarter.
VIMSX – Vanguard Mid-Cap Index Fund Investor Shares currently holds 11,757,000 shares for 2.10% ownership. This reflects a notable rise from the previous 5,961,000 shares, showing an increase of 49.30%. Its portfolio allocation in SQ3 rose by 88.87% during the last quarter.
Sands Capital Management possesses 11,228,000 shares, accounting for 2.01% ownership. This is down from 11,510,000 shares previously, indicating a decrease of 2.52%. Nonetheless, there was a 4.88% increase in their portfolio allocation in SQ3 over the last three months.
Baillie Gifford controls 10,233,000 shares, or 1.83% ownership. Previously, it reported 10,085,000 shares, an increase of 1.45%. However, this firm decreased its portfolio allocation in SQ3 by 61.85% over the last quarter.
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This report was originally published by Fintel.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
