Insider Selling: Block (NYSE:XYZ) Insider Sells 583 Shares of Stock

Block, Inc. (NYSE:XYZ) insider Owen Britton Jennings sold 583 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $69.83, for a total transaction of $40,710.89. Following the transaction, the insider owned 480,978 shares of the company’s stock, valued at $33,586,693.74. This trade represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 shares were 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 shares were sold at an average price of $63.41, for a total value of $225,422.55.

Block Price Performance

Shares of XYZ traded down $2.20 during midday trading on Thursday, reaching $68.69. The stock had a trading volume of 8,487,332 shares, compared to its average volume of 7,463,551. The company’s 50-day moving average is $65.66 and its 200 day moving average is $63.75. Block, Inc. has a 12-month low of $48.21 and a 12-month 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 company has a market capitalization of $40.89 billion, a price-to-earnings ratio of 53.67, a price-to-earnings-growth ratio of 0.97 and a beta of 2.57.

Block (NYSE:XYZ) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.55. The company had revenue of $6.06 billion for the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $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. On average, equities analysts predict that Block, Inc. will post 2.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Block

A number of hedge funds have recently modified their holdings of the company. Baird Financial Group Inc. purchased a new position in Block during the 2nd quarter valued at about $1,866,000. Brown Advisory Inc. purchased a new position in Block during the 2nd quarter valued at about $516,000. Jump Financial LLC purchased a new position in Block during the 2nd quarter valued at about $385,000. Federated Hermes Inc. purchased a new position in Block during the 2nd quarter valued at about $53,000. Finally, Cerity Partners LLC purchased a new position in Block during the 2nd quarter valued at about $1,861,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Truist Financial increased their target price on shares of Block from $77.00 to $81.00 and gave the company a “buy” rating in a report on Friday, April 24th. Zacks Research lowered shares of Block from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group reiterated a “buy” rating on shares of Block in a report on Friday, May 8th. Bank of America dropped their target price on Block from $85.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Finally, HSBC upgraded Block from a “hold” rating to a “buy” rating and raised their price target for the stock from $70.00 to $77.00 in a research report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.94.

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.