Insider Selling: Block (NYSE:XYZ) Insider Sells $3,467,840.00 in Stock

Block, Inc. (NYSE:XYZ) insider Brian Grassadonia sold 43,348 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the completion of the transaction, the insider owned 557,654 shares of the company’s stock, valued at $44,612,320. This trade represents a 7.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brian Grassadonia also recently made the following trade(s):

• On Friday, May 22nd, Brian Grassadonia sold 8,166 shares of Block stock. The stock was sold at an average price of $68.01, for a total transaction of $555,369.66.

Block Stock Down 1.9%

XYZ traded down $1.49 during trading on Tuesday, hitting $77.43. The company had a trading volume of 4,959,819 shares, compared to its average volume of 7,147,184. The company has a market capitalization of $46.08 billion, a PE ratio of 60.49, a PEG ratio of 1.00 and a beta of 2.54. Block, Inc. has a one year low of $48.21 and a one year high of $82.50. The firm’s 50-day moving average price is $72.34 and its 200 day moving average price is $65.77. 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 (NYSE:XYZ) last announced its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. The firm had revenue of $6.06 billion during the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. Block’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $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 analysts expect that Block, Inc. will post 2.48 earnings per share for the current year.

Hedge Funds Weigh In On Block

Hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. acquired a new stake in shares of Block in the second quarter valued at approximately $535,305,000. Norges Bank acquired a new position in shares of Block during the 4th quarter worth approximately $484,387,000. Capital World Investors raised its stake in Block by 192.7% in the 3rd quarter. Capital World Investors now owns 11,296,224 shares of the technology company’s stock valued at $816,378,000 after acquiring an additional 7,436,380 shares during the period. Viking Global Investors LP bought a new stake in Block in the 2nd quarter valued at $368,213,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Block by 528.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock valued at $199,153,000 after purchasing an additional 2,782,523 shares during the last quarter. Institutional investors own 70.44% of the company’s stock.

Analyst Upgrades and Downgrades

XYZ has been the subject of a number of research reports. Royal Bank Of Canada increased their price objective on Block from $90.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Citigroup cut Block from a “buy” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Rosenblatt Securities set a $100.00 price target on Block in a research report on Tuesday, June 30th. Craig Hallum initiated coverage on shares of Block in a research note on Tuesday, June 30th. They set a “buy” rating for the company. Finally, Oppenheimer downgraded shares of Block from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Four analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Block currently has a consensus rating of “Moderate Buy” and an average price target of $87.56.

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.