Owen Britton Jennings Sells 583 Shares of Block (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ) insider Owen Britton Jennings sold 583 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $69.83, for a total transaction of $40,710.89. Following the completion of the transaction, the insider owned 480,978 shares of the company’s stock, valued at approximately $33,586,693.74. This trade represents a 0.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 19th, Owen Britton Jennings sold 44 shares of Block stock. The stock was sold at an average price of $71.00, for a total transaction of $3,124.00.
• On Monday, April 6th, Owen Britton Jennings sold 133 shares of Block stock. The stock was sold at an average price of $60.25, for a total transaction of $8,013.25.
• On Tuesday, March 3rd, Owen Britton Jennings sold 3,555 shares of Block stock. The stock was sold at an average price of $63.41, for a total transaction of $225,422.55.

Block Price Performance

NYSE XYZ opened at $68.05 on Friday. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $82.50. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. The stock has a market cap of $40.50 billion, a price-to-earnings ratio of 53.17, a price-to-earnings-growth ratio of 0.90 and a beta of 2.57. The company has a 50-day moving average price of $65.73 and a two-hundred day moving average price of $63.78.

Block (NYSE:XYZ) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.55. The business had revenue of $6.06 billion during the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business earned $0.56 earnings per share. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Analysts forecast that Block, Inc. will post 2.4 EPS for the current year.

Analyst Ratings Changes

XYZ has been the subject of several recent analyst reports. Needham & Company LLC increased their price objective on shares of Block from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, May 8th. Piper Sandler increased their price objective on shares of Block from $51.00 to $58.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Zacks Research cut shares of Block from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Loop Capital initiated coverage on shares of Block in a report on Tuesday, March 31st. They issued a “buy” rating and a $75.00 price objective for the company. Finally, Royal Bank Of Canada increased their price objective on shares of Block from $90.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.94.

Institutional Trading of Block

A number of large investors have recently added to or reduced their stakes in XYZ. Cibc World Market Inc. lifted its position in shares of Block by 24.0% in the 3rd quarter. Cibc World Market Inc. now owns 179,271 shares of the technology company’s stock valued at $12,956,000 after acquiring an additional 34,678 shares in the last quarter. New York Life Investment Management LLC purchased a new stake in shares of Block in the 3rd quarter valued at approximately $5,400,000. Principal Financial Group Inc. lifted its position in shares of Block by 2,385.3% in the 3rd quarter. Principal Financial Group Inc. now owns 612,358 shares of the technology company’s stock valued at $44,255,000 after acquiring an additional 587,719 shares in the last quarter. Hartford Investment Management Co. purchased a new stake in shares of Block in the 3rd quarter valued at approximately $2,323,000. Finally, Mutual of America Capital Management LLC purchased a new stake in shares of Block in the 3rd quarter valued at approximately $4,305,000. 70.44% of the stock is currently 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.