Block (NYSE:XYZ) CFO Amrita Ahuja Sells 9,511 Shares

Block, Inc. (NYSE:XYZ) CFO Amrita Ahuja sold 9,511 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $82.43, for a total transaction of $783,991.73. Following the completion of the sale, the chief financial officer directly owned 423,262 shares in the company, valued at approximately $34,889,486.66. This trade represents a 2.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amrita Ahuja also recently made the following trade(s):

• On Friday, August 21st, Amrita Ahuja sold 3,101 shares of Block stock. The shares were sold at an average price of $80.04, for a total transaction of $248,204.04.
• On Wednesday, August 5th, Amrita Ahuja sold 8,971 shares of Block stock. The stock was sold at an average price of $85.85, for a total transaction of $770,160.35.
• On Tuesday, June 16th, Amrita Ahuja sold 8,093 shares of Block stock. The stock was sold at an average price of $75.00, for a total value of $606,975.00.

Block Trading Down 1.0%

Shares of NYSE:XYZ opened at $81.38 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.75. The company has a market cap of $48.89 billion, a P/E ratio of 145.31, a PEG ratio of 0.92 and a beta of 2.53. The stock’s fifty day moving average price is $78.89 and its 200-day moving average price is $69.40.

Block (NYSE:XYZ) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.54. The business had revenue of $6.62 billion during the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 EPS. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Sell-side analysts expect that Block, Inc. will post 2.69 earnings per share for the current year.

Institutional Investors Weigh In On Block

A number of institutional investors and hedge funds have recently modified their holdings of XYZ. Allstate Corp lifted its holdings in shares of Block by 91.9% during the 4th quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock worth $2,557,000 after acquiring an additional 18,812 shares during the period. National Pension Service grew its position in Block by 8.4% in the fourth quarter. National Pension Service now owns 833,124 shares of the technology company’s stock valued at $54,228,000 after acquiring an additional 64,674 shares in the last quarter. Hsbc Holdings PLC grew its stake in Block by 7.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock valued at $79,749,000 after purchasing an additional 82,446 shares in the last quarter. Mawer Investment Management Ltd. bought a new position in Block during the 4th quarter valued at $3,062,000. Finally, Eurizon Asset Management Hungary Ltd. bought a new stake in shares of Block in the 4th quarter valued at approximately $976,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on XYZ. Barclays started coverage on Block in a research report on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 target price on the stock. Zacks Research lowered shares of Block from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Oppenheimer reiterated an “outperform” rating and issued a $97.00 target price on shares of Block in a report on Thursday, August 6th. KeyCorp boosted their target price on Block from $105.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Finally, Citigroup upped their price target on Block from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $95.23.

About Block

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.