Block, Inc. (NYSE:XYZ - Get Free Report) insider Owen Britton Jennings sold 584 shares of Block 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 transaction, the insider directly owned 461,445 shares in the company, valued at $36,934,057.80. This represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $81.48, for a total transaction of $107,309.16.
Block Stock Down 1.0%
XYZ opened at $81.38 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The company's 50-day moving average is $78.89 and its 200 day moving average is $69.40. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $86.75. The firm has a market capitalization of $48.89 billion, a P/E ratio of 145.31, a PEG ratio of 0.92 and a beta of 2.53.
Block (NYSE:XYZ - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.54. The business 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%. The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $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. Research analysts expect that Block, Inc. will post 2.69 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages recently commented on XYZ. KeyCorp increased their price target on Block from $105.00 to $108.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Craig Hallum started coverage on Block in a research report on Tuesday, June 30th. They issued a "buy" rating on the stock. Keefe, Bruyette & Woods raised their target price on Block from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. The Goldman Sachs Group upgraded Block from a "buy" rating to a "buy" rating in a research note on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Block to a "buy" rating in a report on Tuesday, June 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Block presently has an average rating of "Moderate Buy" and a consensus price target of $95.23.
View Our Latest Stock Report on XYZ
Institutional Investors Weigh In On Block
Several institutional investors have recently made changes to their positions in XYZ. California State Teachers Retirement System increased its holdings in Block by 6,740.0% during the 2nd quarter. California State Teachers Retirement System now owns 54,852,088 shares of the technology company's stock worth $4,168,759,000 after acquiring an additional 54,050,161 shares during the period. BlackRock Inc. bought a new position in Block in the 2nd quarter valued at $621,703,000. Ameriprise Financial Inc. bought a new position in Block in the 2nd quarter valued at $535,305,000. Norges Bank purchased a new position in shares of Block during the 4th quarter valued at $484,387,000. Finally, Viking Global Investors LP bought a new position in shares of Block in the second quarter worth $368,213,000. Hedge funds and other institutional investors 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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