Insider Selling: Block (NYSE:XYZ) Insider Sells $46,743.36 in Stock

Block, Inc. (NYSE:XYZ) insider Owen Britton Jennings sold 584 shares of Block stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $80.04, for a total value of $46,743.36. Following the sale, the insider owned 461,445 shares of the company’s stock, valued at approximately $36,934,057.80. This represents a 0.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 Monday, August 24th, Owen Britton Jennings sold 1,317 shares of Block stock. The shares were sold at an average price of $81.48, for a total transaction of $107,309.16.

Block Trading Down 1.0%

Shares of Block stock traded down $0.79 during mid-day trading on Monday, hitting $81.38. 4,068,129 shares of the stock were exchanged, compared to its average volume of 4,955,299. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.75. The stock has a market capitalization of $48.89 billion, a price-to-earnings ratio of 145.31, a price-to-earnings-growth ratio of 0.92 and a beta of 2.53. The company has a 50-day simple moving average of $78.89 and a 200 day simple moving average of $69.40. 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 posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Research analysts forecast that Block, Inc. will post 2.69 EPS for the current year.

Hedge Funds Weigh In On Block

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XYZ. Elevation Wealth Partners LLC grew its stake in shares of Block by 301.0% during the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after acquiring an additional 292 shares in the last quarter. Rachor Investment Advisory Services LLC purchased a new position in Block in the fourth quarter valued at about $32,000. Global Assets Advisory LLC purchased a new position in Block in the first quarter valued at about $31,000. Cary Street Partners Investment Advisory LLC grew its stake in Block by 57.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after purchasing an additional 223 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in Block during the 2nd quarter valued at approximately $43,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XYZ has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of Block from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Zacks Research lowered shares of Block from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $95.00 price target on shares of Block in a report on Thursday, August 6th. Royal Bank Of Canada upped their price objective on Block from $93.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, Weiss Ratings raised Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $95.23.

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.