Insider Selling: Block (NYSE:XYZ) Insider Sells $46,743.36 in Stock

Block, Inc. (NYSE:XYZ) insider Owen Britton Jennings sold 584 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $80.04, for a total transaction of $46,743.36. Following the completion of the transaction, the insider directly owned 461,445 shares of the company’s stock, valued at approximately $36,934,057.80. The trade was a 0.13% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Monday, August 24th, Owen Britton Jennings sold 1,317 shares of Block stock. The shares were sold at an average price of $81.48, for a total value of $107,309.16.

Block Trading Up 0.7%

NYSE:XYZ opened at $83.28 on Thursday. Block, Inc. has a twelve month low of $48.21 and a twelve 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 has a 50 day moving average price of $79.26 and a two-hundred day moving average price of $69.79. The company has a market cap of $50.03 billion, a P/E 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 results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.54. The company had revenue of $6.62 billion during the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. Block’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, analysts expect that Block, Inc. will post 2.69 EPS for the current fiscal year.

Analysts Set New Price Targets

XYZ has been the topic of several recent research reports. Argus lifted their price target on shares of Block from $86.00 to $103.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Cantor Fitzgerald restated an “overweight” rating and issued a $95.00 price objective on shares of Block in a report on Thursday, August 6th. BTIG Research lifted their target price on Block from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wolfe Research upped their target price on Block from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods increased their price target on Block from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.84.

Institutional Trading of Block

A number of hedge funds have recently made changes to their positions in the business. Elevation Wealth Partners LLC increased its holdings in shares of Block by 301.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after acquiring an additional 292 shares during the last quarter. Global Assets Advisory LLC bought a new position in shares of Block in the first quarter valued at about $31,000. Rachor Investment Advisory Services LLC acquired a new stake in shares of Block during the 4th quarter worth about $32,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Block by 57.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock worth $40,000 after buying an additional 223 shares during the period. Finally, Osbon Capital Management LLC bought a new stake in shares of Block during the fourth quarter worth approximately $43,000. 70.44% of the stock is owned by institutional investors and hedge funds.

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.