Block (NYSE:XYZ) Insider Owen Britton Jennings Sells 1,316 Shares

Block, Inc. (NYSE:XYZ) insider Owen Britton Jennings sold 1,316 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $68.54, for a total transaction of $90,198.64. Following the completion of the transaction, the insider directly owned 479,662 shares in the company, valued at $32,876,033.48. This trade represents a 0.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 Thursday, May 21st, Owen Britton Jennings sold 583 shares of Block stock. The shares were sold at an average price of $69.83, for a total transaction of $40,710.89.
• 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 shares were 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 transaction of $225,422.55.

Block Stock Up 3.1%

Shares of NYSE XYZ opened at $71.35 on Thursday. The firm has a market capitalization of $42.46 billion, a PE ratio of 55.74, a price-to-earnings-growth ratio of 0.91 and a beta of 2.57. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $82.50. The firm’s 50-day moving average is $66.32 and its 200-day moving average is $63.64.

Block (NYSE:XYZ) last issued its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.55. The company had revenue of $6.06 billion for the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $0.56 EPS. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Equities analysts expect that Block, Inc. will post 2.4 EPS for the current year.

Institutional Trading of Block

Several hedge funds have recently bought and sold shares of the stock. Cibc World Market Inc. grew its stake in shares of Block by 24.0% in the third quarter. Cibc World Market Inc. now owns 179,271 shares of the technology company’s stock valued at $12,956,000 after buying an additional 34,678 shares in the last quarter. New York Life Investment Management LLC bought a new position in shares of Block in the third quarter valued at $5,400,000. Principal Financial Group Inc. grew its stake in shares of Block by 2,385.3% in the third quarter. Principal Financial Group Inc. now owns 612,358 shares of the technology company’s stock valued at $44,255,000 after buying an additional 587,719 shares in the last quarter. Hartford Investment Management Co. bought a new position in shares of Block in the third quarter valued at $2,323,000. Finally, Mutual of America Capital Management LLC bought a new position in shares of Block in the third quarter valued at $4,305,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised their target price on shares of Block from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Weiss Ratings lowered shares of Block from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. Morgan Stanley raised shares of Block from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $72.00 to $93.00 in a research note on Friday, February 27th. Wall Street Zen raised shares of Block from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Bank of America reduced their price objective on shares of Block from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.97.

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.