Key Points
- Block insider Owen Britton Jennings sold 583 shares on May 21 at an average price of $69.83, totaling about $40,711. The sale was made under a pre-arranged Rule 10b5-1 plan, and Jennings still holds 480,978 shares.
- Block recently reported stronger-than-expected quarterly results, posting EPS of $0.85 versus the $0.30 consensus estimate and revenue of $6.06 billion, up 4.9% year over year. The company also issued Q2 and full-year 2026 EPS guidance.
- Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $84.94. Recent reports included target increases from firms like Citigroup and Morgan Stanley.
Block, Inc. (NYSE:XYZ - Get Free Report) insider Owen Britton Jennings sold 583 shares of the business's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $69.83, for a total value of $40,710.89. Following the sale, the insider owned 480,978 shares in the company, valued at approximately $33,586,693.74. The trade was a 0.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 shares were 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 stock was 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 stock was sold at an average price of $63.41, for a total value of $225,422.55.
Block Price Performance
Shares of NYSE XYZ opened at $68.69 on Friday. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $82.50. The business's 50 day moving average price is $65.66 and its 200 day moving average price is $63.75. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26. The firm has a market cap of $40.89 billion, a P/E ratio of 53.67, a P/E/G ratio of 0.93 and a beta of 2.57.
Block (NYSE:XYZ - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The company had revenue of $6.06 billion during the quarter. During the same period in the prior year, the business posted $0.56 earnings per share. The business's quarterly revenue was up 4.9% compared to the same quarter last year. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, sell-side analysts expect that Block, Inc. will post 2.4 earnings per share for the current year.
Analysts Set New Price Targets
XYZ has been the subject of a number of research reports. Citigroup boosted their target price on shares of Block from $85.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, May 8th. Morgan Stanley raised Block from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $72.00 to $93.00 in a research report on Friday, February 27th. Piper Sandler boosted their price objective on Block from $51.00 to $58.00 and gave the company an "underweight" rating in a report on Friday, May 8th. Raymond James Financial upgraded Block to a "moderate buy" rating in a research note on Friday, February 27th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Block in a report on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $84.94.
Read Our Latest Stock Report on XYZ
Institutional Trading of Block
Several large investors have recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC purchased a new position in Block in the 3rd quarter valued at $28,000. Sound Income Strategies LLC grew its holdings in shares of Block by 57.1% during the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company's stock worth $29,000 after buying an additional 161 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in shares of Block during the third quarter worth $30,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Block in the third quarter valued at about $30,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Block in the first quarter valued at about $31,000. 70.44% of the stock is currently owned by hedge funds and other institutional investors.
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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