Block (NYSE:XYZ) CFO Sells $783,991.73 in Stock

Block, Inc. (NYSE:XYZ) CFO Amrita Ahuja sold 9,511 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $82.43, for a total value of $783,991.73. Following the transaction, the chief financial officer owned 423,262 shares in the company, valued at approximately $34,889,486.66. This trade represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 Friday, August 21st, Amrita Ahuja sold 3,101 shares of Block stock. The stock was sold at an average price of $80.04, for a total value of $248,204.04.
• On Wednesday, August 5th, Amrita Ahuja sold 8,971 shares of Block stock. The shares were sold at an average price of $85.85, for a total value 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 Up 0.7%

Shares of XYZ stock opened at $83.28 on Thursday. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $86.75. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $79.26 and its two-hundred day moving average is $69.79. The company has a market cap of $50.03 billion, a PE ratio of 148.71, a price-to-earnings-growth ratio of 0.92 and a beta of 2.53.

Block (NYSE:XYZ) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The business had revenue of $6.62 billion during the quarter. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Block’s quarterly revenue was up 9.3% compared to the same quarter last year. 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 EPS for the current year.

Institutional Trading of Block

Several institutional investors have recently bought and sold shares of XYZ. Allstate Corp boosted its position in shares of Block by 91.9% in the fourth quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock valued at $2,557,000 after acquiring an additional 18,812 shares during the period. National Pension Service raised its stake in Block by 8.4% in the 4th quarter. National Pension Service now owns 833,124 shares of the technology company’s stock worth $54,228,000 after purchasing an additional 64,674 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Block by 7.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock valued at $79,749,000 after purchasing an additional 82,446 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Block during the 2nd quarter worth approximately $366,000. Finally, Mawer Investment Management Ltd. bought a new position in shares of Block during the fourth quarter worth approximately $3,062,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on XYZ. Monness Crespi & Hardt boosted their target price on shares of Block from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. TD Cowen raised their price target on shares of Block from $101.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. KeyCorp upped their price target on Block from $105.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Keefe, Bruyette & Woods raised their price objective on Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, Barclays initiated coverage on Block in a research report on Tuesday, July 7th. They set an “overweight” rating and a $100.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Block currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.84.

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.