Block (NYSE:XYZ) Insider Sells $40,710.89 in Stock

Block, Inc. (NYSE:XYZ) insider Owen Britton Jennings sold 583 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $69.83, for a total value of $40,710.89. Following the sale, the insider directly owned 480,978 shares in the company, valued at $33,586,693.74. This trade represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 Tuesday, May 19th, Owen Britton Jennings sold 44 shares of Block stock. The stock was sold at an average price of $71.00, for a total value 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 value 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 Stock Performance

NYSE XYZ opened at $68.05 on Friday. The company has a market cap of $40.50 billion, a P/E ratio of 53.17, a P/E/G ratio of 0.89 and a beta of 2.57. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The business’s 50 day moving average price is $65.73 and its 200-day moving average price is $63.78. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $82.50.

Block (NYSE:XYZ) last released its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.55. The firm 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 revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm 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. Sell-side analysts predict that Block, Inc. will post 2.4 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Rothschild & Co Redburn raised Block from a “sell” rating to a “neutral” rating and boosted their target price for the company from $45.00 to $55.00 in a research report on Wednesday, March 18th. Weiss Ratings downgraded Block from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 18th. Keefe, Bruyette & Woods boosted their target price on Block from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Morgan Stanley raised Block from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $72.00 to $93.00 in a research report on Friday, February 27th. Finally, Piper Sandler boosted their target price on Block from $51.00 to $58.00 and gave the company an “underweight” rating in a research report on Friday, May 8th. 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.94.

Hedge Funds Weigh In On Block

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cibc World Market Inc. lifted its stake in shares of Block by 24.0% during the 3rd quarter. Cibc World Market Inc. now owns 179,271 shares of the technology company’s stock worth $12,956,000 after purchasing an additional 34,678 shares during the last quarter. New York Life Investment Management LLC purchased a new position in Block in the third quarter valued at about $5,400,000. Principal Financial Group Inc. raised its holdings in Block by 2,385.3% in the third quarter. Principal Financial Group Inc. now owns 612,358 shares of the technology company’s stock worth $44,255,000 after purchasing an additional 587,719 shares in the last quarter. Hartford Investment Management Co. bought a new position in Block in the third quarter worth about $2,323,000. Finally, Mutual of America Capital Management LLC purchased a new stake in shares of Block during the third quarter valued at about $4,305,000. Institutional investors own 70.44% of the company’s stock.

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.