Block (NYSE:XYZ) CFO Amrita Ahuja Sells 8,093 Shares of Stock

Block, Inc. (NYSE:XYZ) CFO Amrita Ahuja sold 8,093 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $75.00, for a total transaction of $606,975.00. Following the completion of the transaction, the chief financial officer owned 463,246 shares in the company, valued at approximately $34,743,450. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amrita Ahuja also recently made the following trade(s):

• On Tuesday, April 21st, Amrita Ahuja sold 30,919 shares of Block stock. The shares were sold at an average price of $75.00, for a total transaction of $2,318,925.00.

Block Trading Up 2.6%

XYZ traded up $1.91 on Thursday, reaching $74.75. 8,653,771 shares of the company traded hands, compared to its average volume of 7,245,434. The company has a market cap of $44.49 billion, a P/E ratio of 58.40, a price-to-earnings-growth ratio of 0.97 and a beta of 2.56. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26. Block, Inc. has a one year low of $48.21 and a one year high of $82.50. The firm has a fifty day simple moving average of $70.03 and a two-hundred day simple moving average of $64.56.

Block (NYSE:XYZ) last issued its earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. The business had revenue of $6.06 billion for the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. Block’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share. 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 expect that Block, Inc. will post 2.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Oppenheimer restated an “outperform” rating and set a $91.00 price objective on shares of Block in a report on Friday, May 8th. HSBC upgraded Block from a “hold” rating to a “buy” rating and upped their target price for the stock from $70.00 to $77.00 in a report on Tuesday, March 3rd. Keefe, Bruyette & Woods raised their price target on Block from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Royal Bank Of Canada raised their price target on Block from $90.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Rothschild & Co Redburn upgraded Block from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $45.00 to $55.00 in a report on Wednesday, March 18th. Four analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Block currently has an average rating of “Moderate Buy” and a consensus price target of $85.42.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of XYZ. Cary Street Partners Investment Advisory LLC acquired a new stake in Block in the third quarter valued at approximately $28,000. Sound Income Strategies LLC increased its position 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 purchasing an additional 161 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new position in shares of Block during the fourth quarter worth $32,000. Rothschild Investment LLC lifted its holdings in shares of Block by 59.7% during 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. Finally, Global Assets Advisory LLC purchased a new stake in shares of Block during the 1st quarter valued at $31,000. Institutional investors own 70.44% of the company’s stock.

Block Company Profile

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.