Insider Selling: Block (NYSE:XYZ) Insider Sells 583 Shares of Stock

Block, Inc. (NYSE:XYZ) insider Owen Britton Jennings sold 583 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $69.83, for a total transaction of $40,710.89. Following the completion of the transaction, the insider directly owned 480,978 shares of the company’s stock, valued at approximately $33,586,693.74. The trade was a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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 transaction 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 transaction 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 transaction of $225,422.55.

Block Trading Down 3.1%

XYZ stock traded down $2.20 during trading on Thursday, reaching $68.69. The company had a trading volume of 8,487,332 shares, compared to its average volume of 7,463,551. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $82.50. The company has a market cap of $40.89 billion, a P/E ratio of 53.67, a PEG ratio of 0.97 and a beta of 2.57. The business has a 50 day moving average of $65.66 and a 200 day moving average of $63.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99.

Block (NYSE:XYZ) last released 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 previous year, the company earned $0.56 earnings per share. Block’s quarterly revenue 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. As a group, sell-side analysts forecast that Block, Inc. will post 2.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Block

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. purchased a new stake in Block in the second quarter worth approximately $1,866,000. Brown Advisory Inc. purchased a new stake in Block in the second quarter worth approximately $516,000. Jump Financial LLC purchased a new stake in Block in the second quarter worth approximately $385,000. Federated Hermes Inc. purchased a new stake in Block in the second quarter worth approximately $53,000. Finally, Cerity Partners LLC purchased a new stake in Block in the second quarter worth approximately $1,861,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Wall Street Analyst Weigh In

XYZ has been the subject of a number of research reports. Zacks Research downgraded shares of Block from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Arete Research upgraded shares of Block from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Raymond James Financial upgraded shares of Block to a “moderate buy” rating in a report on Friday, February 27th. Morgan Stanley upgraded shares of Block from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $72.00 to $93.00 in a report on Friday, February 27th. Finally, TD Cowen upped their price objective on shares of Block from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Three equities research 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 issued a Sell rating to the company. Based on data from MarketBeat, Block currently has an average rating of “Moderate Buy” and an average target price of $84.94.

About Block

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.