Key Points
- Insider sale: Block insider Owen Britton Jennings sold 1,316 shares at an average price of $68.54, totaling about $90,199, under a pre-arranged Rule 10b5-1 trading plan.
- Recent selling trend: Jennings has also sold shares multiple times in recent weeks, including transactions on May 21, May 19, April 6, and March 3, reducing his ownership slightly overall.
- Company and stock snapshot: Block recently beat earnings expectations with $0.85 EPS on $6.06 billion in revenue, while the stock was trading around $71.35 and had an average analyst rating of Moderate Buy with a price target of $84.97.
Block, Inc. (NYSE:XYZ - Get Free Report) insider Owen Britton Jennings sold 1,316 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $32,876,033.48. This represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 Price Performance
NYSE:XYZ opened at $71.35 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $66.32 and a 200 day simple moving average of $63.64. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $82.50. The stock has a market capitalization of $42.46 billion, a PE ratio of 55.74, a P/E/G ratio of 0.91 and a beta of 2.57.
Block (NYSE:XYZ - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The firm had revenue of $6.06 billion for the quarter. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Block's revenue for the quarter was up 4.9% on a year-over-year basis. 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, research analysts expect that Block, Inc. will post 2.4 EPS for the current fiscal year.
Hedge Funds Weigh In On Block
Institutional investors and hedge funds have recently modified their holdings of the business. 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 acquiring an additional 34,678 shares in the last quarter. New York Life Investment Management LLC bought a new stake in Block during the third quarter worth about $5,400,000. Principal Financial Group Inc. lifted its position in Block by 2,385.3% during 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 during the period. Hartford Investment Management Co. bought a new stake in Block during the third quarter worth about $2,323,000. Finally, Mutual of America Capital Management LLC bought a new stake in Block during the third quarter worth about $4,305,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have commented on XYZ shares. Raymond James Financial upgraded shares of Block to a "moderate buy" rating in a report on Friday, February 27th. Rothschild & Co Redburn upgraded shares of Block from a "sell" rating to a "neutral" rating and upped their price objective for the company from $45.00 to $55.00 in a report on Wednesday, March 18th. Piper Sandler upped their price objective on shares of Block from $51.00 to $58.00 and gave the company an "underweight" rating in a report on Friday, May 8th. BTIG Research reiterated a "buy" rating and issued a $90.00 price objective on shares of Block in a report on Friday, May 8th. Finally, Needham & Company LLC upped their price objective on shares of Block from $90.00 to $95.00 and gave the company a "buy" rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Block has an average rating of "Moderate Buy" and an average price target of $84.97.
Check Out Our Latest Report on XYZ
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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