Block (NYSE:XYZ) CFO Sells $248,204.04 in Stock

Block, Inc. (NYSE:XYZ) CFO Amrita Ahuja sold 3,101 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $80.04, for a total transaction of $248,204.04. Following the sale, the chief financial officer owned 432,773 shares of the company’s stock, valued at $34,639,150.92. This trade represents a 0.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 24th, Amrita Ahuja sold 9,511 shares of Block stock. The stock was sold at an average price of $82.43, for a total transaction of $783,991.73.
• 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 Stock Up 0.7%

NYSE XYZ opened at $83.28 on Thursday. The stock’s 50 day simple moving average is $79.26 and its 200 day simple moving average is $69.79. Block, Inc. has a one year low of $48.21 and a one year high of $86.75. The firm has a market cap of $50.03 billion, a PE ratio of 148.71, a price-to-earnings-growth ratio of 0.92 and a beta of 2.53. 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 (NYSE:XYZ) last issued its quarterly earnings data 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 firm 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 company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous 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. As a group, sell-side analysts forecast that Block, Inc. will post 2.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on XYZ. Wolfe Research upped their price target on shares of Block from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday. Citigroup raised their price objective on shares of Block from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. BTIG Research upped their target price on shares of Block from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Block to a “buy” rating in a research report on Tuesday, June 30th. Finally, Robert W. Baird set a $105.00 price target on shares of Block in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Block presently has an average rating of “Moderate Buy” and a consensus target price of $95.84.

Hedge Funds Weigh In On Block

Hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System lifted its stake in Block by 6,740.0% in the second quarter. California State Teachers Retirement System now owns 54,852,088 shares of the technology company’s stock valued at $4,168,759,000 after buying an additional 54,050,161 shares during the period. BlackRock Inc. acquired a new position in shares of Block during the 2nd quarter worth about $621,703,000. Ameriprise Financial Inc. acquired a new position in shares of Block during the 2nd quarter worth about $535,305,000. Norges Bank bought a new stake in shares of Block in the 4th quarter valued at about $484,387,000. Finally, Viking Global Investors LP acquired a new stake in shares of Block in the 2nd quarter valued at approximately $368,213,000. 70.44% of the stock is owned by institutional investors.

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.