Brian Grassadonia Sells 8,173 Shares of Block (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ) insider Brian Grassadonia sold 8,173 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $82.42, for a total transaction of $673,618.66. Following the sale, the insider owned 513,981 shares in the company, valued at $42,362,314.02. The trade was a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brian Grassadonia also recently made the following trade(s):

• On Monday, August 3rd, Brian Grassadonia sold 25,908 shares of Block stock. The stock was sold at an average price of $81.64, for a total transaction of $2,115,129.12.
• On Thursday, July 2nd, Brian Grassadonia sold 43,348 shares of Block stock. The stock was sold at an average price of $80.00, for a total transaction of $3,467,840.00.

Block Trading Up 1.7%

Shares of NYSE:XYZ opened at $82.73 on Wednesday. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.75. The company’s 50 day moving average is $79.05 and its two-hundred day moving average is $69.58. The company has a market cap of $49.70 billion, a PE ratio of 147.72, a P/E/G ratio of 0.91 and a beta of 2.53. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on XYZ shares. Royal Bank Of Canada lifted their price target on Block from $93.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Barclays started coverage on Block in a report on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 price objective on the stock. Robert W. Baird set a $105.00 target price on Block in a research note on Thursday, August 6th. Craig Hallum initiated coverage on Block in a report on Tuesday, June 30th. They issued a “buy” rating for the company. Finally, UBS Group upped their price target on Block from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.84.

Institutional Investors Weigh In On Block

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Baird Financial Group Inc. acquired a new stake in shares of Block during the second quarter worth $1,866,000. Brown Advisory Inc. purchased a new position in Block during the 2nd quarter worth $516,000. Jump Financial LLC purchased a new position in Block during the 2nd quarter worth $385,000. Federated Hermes Inc. acquired a new stake in shares of Block in the 2nd quarter worth $53,000. Finally, Cerity Partners LLC acquired a new stake in shares of Block in the 2nd quarter worth $1,861,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

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.