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Mutual of America and Vanguard increased Block, Inc. stakes as earnings beat estimates and revenue rose 2.3%.
Mutual of America Capital Management and Vanguard Personalized Indexing Management added to their stakes in Block, Inc. during the third quarter, with investments of $4.31 million and $3.1 million respectively.
The company, formerly Square, reported strong third-quarter earnings of $0.54 per share, exceeding estimates, and generated $6.11 billion in revenue, a 2.3% year-over-year increase.
Despite insider sales totaling 54,796 shares worth $3.4 million in the past 90 days, Block maintains a market cap of $37.76 billion, a P/E ratio of 12.53, and a "Moderate Buy" analyst consensus with a target price of $83.09.
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Mutual of America y Vanguard aumentaron las apuestas de Block, Inc. a medida que las ganancias superaron las estimaciones y los ingresos aumentaron un 2.3%.