Block (NYSE:XYZ) Insider Sells $90,198.64 in Stock

Block, Inc. (NYSE:XYZ) insider Owen Britton Jennings sold 1,316 shares of Block stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $68.54, for a total value of $90,198.64. Following the completion of the sale, the insider directly owned 479,662 shares in the company, valued at approximately $32,876,033.48. This represents a 0.27% 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 Thursday, May 21st, Owen Britton Jennings sold 583 shares of Block stock. The shares were sold at an average price of $69.83, for a total value of $40,710.89.
• On Tuesday, May 19th, Owen Britton Jennings sold 44 shares of Block stock. The shares were sold at an average price of $71.00, for a total value 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 value 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 value of $225,422.55.

Block Stock Up 3.1%

Shares of NYSE:XYZ traded up $2.18 during midday trading on Wednesday, hitting $71.35. The stock had a trading volume of 6,358,418 shares, compared to its average volume of 7,410,462. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $82.50. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26. The business’s 50-day simple moving average is $66.32 and its 200-day simple moving average is $63.64. The company has a market cap of $42.46 billion, a P/E ratio of 55.74, a PEG ratio of 0.89 and a beta of 2.57.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on XYZ. Truist Financial lifted their price objective on shares of Block from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday. Arete Research upgraded shares of Block from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. HSBC raised shares of Block from a “hold” rating to a “buy” rating and lifted their target price for the stock from $70.00 to $77.00 in a report on Tuesday, March 3rd. Bank of America decreased their price target on shares of Block from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. Finally, Royal Bank Of Canada raised their price objective on shares of Block from $90.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Block has an average rating of “Moderate Buy” and an average price target of $84.97.

Hedge Funds Weigh In On Block

Several institutional investors and hedge funds have recently modified their holdings of XYZ. Cibc World Market Inc. grew its position in Block by 24.0% during the third quarter. Cibc World Market Inc. now owns 179,271 shares of the technology company’s stock worth $12,956,000 after buying an additional 34,678 shares in the last quarter. New York Life Investment Management LLC acquired a new position in Block in the 3rd quarter valued at $5,400,000. Principal Financial Group Inc. lifted its position in shares of Block by 2,385.3% during 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 during the period. Hartford Investment Management Co. bought a new stake in shares of Block during the 3rd quarter valued at $2,323,000. Finally, Mutual of America Capital Management LLC acquired a new stake in shares of Block during the 3rd quarter worth $4,305,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.

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.