Insider Selling: Block (NYSE:XYZ) Insider Sells $107,309.16 in Stock

Block, Inc. (NYSE:XYZ) insider Owen Britton Jennings sold 1,317 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $81.48, for a total transaction of $107,309.16. Following the transaction, the insider owned 460,128 shares in the company, valued at approximately $37,491,229.44. This trade represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Owen Britton Jennings also recently made the following trade(s):

• On Friday, August 21st, Owen Britton Jennings sold 584 shares of Block stock. The stock was sold at an average price of $80.04, for a total transaction of $46,743.36.

Block Stock Performance

Shares of XYZ stock opened at $83.28 on Thursday. The stock has a market capitalization 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 quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average price is $79.26 and its 200 day moving average price is $69.79. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $86.75.

Block (NYSE:XYZ) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The business had revenue of $6.62 billion during the quarter. During the same quarter last year, the company earned $0.62 EPS. Block’s revenue for the quarter was up 9.3% compared to the same quarter last year. 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, equities research analysts forecast that Block, Inc. will post 2.69 EPS for the current year.

Hedge Funds Weigh In On Block

Institutional investors and hedge funds have recently modified their holdings of the company. Allstate Corp grew 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 purchasing an additional 18,812 shares during the period. National Pension Service increased its position in shares of Block by 8.4% in the fourth quarter. National Pension Service now owns 833,124 shares of the technology company’s stock worth $54,228,000 after acquiring an additional 64,674 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Block by 7.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock valued at $79,749,000 after acquiring an additional 82,446 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Block during the 2nd quarter valued at $366,000. Finally, Mawer Investment Management Ltd. purchased a new stake in Block during the 4th quarter worth $3,062,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on XYZ shares. Robert W. Baird set a $105.00 price target on shares of Block in a report on Thursday, August 6th. Argus boosted their price target on Block from $86.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. The Goldman Sachs Group upgraded Block from a “buy” rating to a “buy” rating in a report on Tuesday, June 30th. Piper Sandler raised their price objective on Block from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Clear Str raised Block to a “hold” rating in a report on Thursday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Block has a consensus rating of “Moderate Buy” and a consensus price target of $95.84.

Block Company Profile

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.