Insider Selling: Block (NYSE:XYZ) Insider Sells $90,198.64 in Stock

Block, Inc. (NYSE:XYZ) insider Owen Britton Jennings sold 1,316 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $68.54, for a total value of $90,198.64. Following the sale, the insider directly owned 479,662 shares in the company, valued at $32,876,033.48. This trade represents a 0.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through 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 Thursday, May 21st, Owen Britton Jennings sold 583 shares of Block stock. The stock was sold at an average price of $69.83, for a total value of $40,710.89.
• 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 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 $75.69 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $82.50. The firm has a market capitalization of $45.05 billion, a PE ratio of 59.14, a price-to-earnings-growth ratio of 0.97 and a beta of 2.57. The stock’s 50-day simple moving average is $66.96 and its 200-day simple moving average is $63.79.

Block (NYSE:XYZ) last issued its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The business had revenue of $6.06 billion for the quarter. During the same period last year, the business posted $0.56 EPS. Block’s 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, equities research analysts forecast that Block, Inc. will post 2.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Block in the 3rd quarter valued at approximately $28,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Block in the 3rd quarter valued at approximately $30,000. Sound Income Strategies LLC grew its stake in shares of Block by 57.1% in the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock valued at $29,000 after purchasing an additional 161 shares during the last quarter. Rachor Investment Advisory Services LLC purchased a new position in shares of Block in the 4th quarter valued at approximately $32,000. Finally, Rothschild Investment LLC grew its stake in shares of Block by 59.7% in the 3rd quarter. Rothschild Investment LLC now owns 495 shares of the technology company’s stock valued at $36,000 after purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

Analyst Upgrades and Downgrades

XYZ has been the topic of several research analyst reports. Loop Capital initiated coverage on Block in a research report on Tuesday, March 31st. They set a “buy” rating and a $75.00 target price on the stock. Cantor Fitzgerald lifted their price target on Block from $78.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Arete Research raised Block from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Block in a research report on Friday, May 8th. Finally, Morgan Stanley lifted their price target on Block from $96.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $85.12.

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.