Block (NYSE:XYZ) CFO Amrita Ahuja Sells 3,101 Shares

Block, Inc. (NYSE:XYZ) CFO Amrita Ahuja sold 3,101 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $80.04, for a total transaction of $248,204.04. Following the completion of the sale, the chief financial officer directly owned 432,773 shares of the company’s stock, valued at $34,639,150.92. The trade was a 0.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amrita Ahuja also recently made the following trade(s):

• On Monday, August 24th, Amrita Ahuja sold 9,511 shares of Block stock. The shares were sold at an average price of $82.43, for a total transaction of $783,991.73.
• On Wednesday, August 5th, Amrita Ahuja sold 8,971 shares of Block stock. The stock was sold at an average price of $85.85, for a total transaction of $770,160.35.
• On Tuesday, June 16th, Amrita Ahuja sold 8,093 shares of Block stock. The stock was sold at an average price of $75.00, for a total value of $606,975.00.

Block Trading Down 1.0%

Shares of NYSE XYZ opened at $81.38 on Tuesday. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.75. The business has a fifty day moving average price of $78.89 and a 200 day moving average price of $69.40. The stock has a market capitalization of $48.89 billion, a P/E ratio of 145.31, a price-to-earnings-growth ratio of 0.92 and a beta of 2.53. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21.

Block (NYSE:XYZ) last posted its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.54. The company had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.Block’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last 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. Equities research analysts expect that Block, Inc. will post 2.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of XYZ. Baird Financial Group Inc. purchased a new stake in shares of Block during the second quarter valued at $1,866,000. Brown Advisory Inc. acquired a new stake in Block during the 2nd quarter worth about $516,000. Jump Financial LLC purchased a new stake in Block during the 2nd quarter valued at about $385,000. Federated Hermes Inc. purchased a new stake in Block during the 2nd quarter valued at about $53,000. Finally, Cerity Partners LLC acquired a new position in shares of Block in the second quarter valued at about $1,861,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Analyst Upgrades and Downgrades

XYZ has been the subject of several recent analyst reports. Rosenblatt Securities set a $100.00 price objective on shares of Block in a research note on Tuesday, June 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $97.00 price target on shares of Block in a report on Thursday, August 6th. UBS Group upped their price target on Block from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Susquehanna increased their price objective on Block from $90.00 to $100.00 and gave the company a “positive” rating in a report on Thursday, August 6th. Finally, KeyCorp raised their price objective on Block from $105.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.