Owen Britton Jennings Sells 2,185 Shares of Block, Inc. (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ) insider Owen Britton Jennings sold 2,185 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $65.00, for a total value of $142,025.00. Following the sale, the insider now directly owns 278,974 shares of the company’s stock, valued at $18,133,310. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, May 22nd, Owen Britton Jennings sold 3,580 shares of Block stock. The stock was sold at an average price of $55.92, for a total value of $200,193.60.
• On Wednesday, May 21st, Owen Britton Jennings sold 11,556 shares of Block stock. The shares were sold at an average price of $56.42, for a total value of $651,989.52.
• On Wednesday, April 2nd, Owen Britton Jennings sold 1,263 shares of Block stock. The stock was sold at an average price of $56.19, for a total value of $70,967.97.

Block Stock Down 0.7%

Shares of NYSE XYZ opened at $64.06 on Thursday. The business has a 50-day simple moving average of $56.68. Block, Inc. has a twelve month low of $44.27 and a twelve month high of $99.26. The company has a market cap of $39.40 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 0.72 and a beta of 2.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.07 and a quick ratio of 2.07.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on XYZ. Morgan Stanley upgraded shares of Block from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $65.00 to $67.00 in a research report on Thursday, April 3rd. The Goldman Sachs Group reduced their target price on shares of Block from $65.00 to $57.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Macquarie lowered shares of Block from an “outperform” rating to a “neutral” rating and set a $50.00 price target for the company. in a research note on Monday, May 5th. Piper Sandler lowered Block from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $85.00 to $51.00 in a report on Friday, May 2nd. Finally, BNP Paribas Exane upgraded Block from a “neutral” rating to an “outperform” rating and set a $72.00 price target for the company in a research note on Tuesday, May 27th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.22.

Block Company Profile

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.