Block, Inc. (NYSE:XYZ - Get Free Report) insider Chrysty Esperanza sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total transaction of $225,000.00. Following the completion of the sale, the insider directly owned 268,169 shares of the company's stock, valued at approximately $20,112,675. This represents a 1.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Block Stock Performance
XYZ stock opened at $72.47 on Thursday. The company has a 50 day moving average price of $60.51 and a 200 day moving average price of $64.69. Block, Inc. has a fifty-two week low of $44.27 and a fifty-two week high of $82.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market capitalization of $43.41 billion, a PE ratio of 34.51, a price-to-earnings-growth ratio of 1.12 and a beta of 2.61.
Block (NYSE:XYZ - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The technology company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.39. The firm had revenue of $6.25 billion for the quarter. Block had a return on equity of 6.66% and a net margin of 5.40%.The firm's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 earnings per share. Analysts forecast that Block, Inc. will post 2.21 EPS for the current year.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. Loop Capital assumed coverage on Block in a research report on Tuesday, March 31st. They issued a "buy" rating and a $75.00 price objective for the company. Wall Street Zen lowered shares of Block from a "buy" rating to a "hold" rating in a research note on Sunday. Zacks Research upgraded shares of Block from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 13th. Needham & Company LLC boosted their price target on shares of Block from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, February 27th. Finally, BNP Paribas Exane upgraded shares of Block from a "hold" rating to an "outperform" rating and set a $83.00 price objective on the stock in a report on Wednesday, January 7th. Four research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Block has an average rating of "Moderate Buy" and an average price target of $82.67.
Check Out Our Latest Stock Analysis on Block
Hedge Funds Weigh In On Block
Hedge funds have recently added to or reduced their stakes in the stock. Cromwell Holdings LLC bought a new position in Block during the third quarter worth about $27,000. City Holding Co. bought a new stake in shares of Block in the 3rd quarter valued at about $27,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Block in the 3rd quarter valued at about $28,000. RMG Wealth Management LLC acquired a new stake in shares of Block in the 3rd quarter valued at approximately $30,000. Finally, Quent Capital LLC acquired a new stake in shares of Block in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 70.44% of the company's stock.
Block Company Profile
(
Get Free Report)
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.
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