Block (NYSE:XYZ) Insider Sells 25,908 Shares of Stock

Block, Inc. (NYSE:XYZ) insider Brian Grassadonia sold 25,908 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $81.64, for a total transaction of $2,115,129.12. Following the completion of the transaction, the insider owned 531,746 shares of the company’s stock, valued at $43,411,743.44. This trade represents a 4.65% 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 Thursday, July 2nd, Brian Grassadonia sold 43,348 shares of Block stock. The stock was sold at an average price of $80.00, for a total transaction of $3,467,840.00.
• On Friday, May 22nd, Brian Grassadonia sold 8,166 shares of Block stock. The shares were sold at an average price of $68.01, for a total transaction of $555,369.66.

Block Stock Down 0.5%

NYSE XYZ traded down $0.44 on Wednesday, reaching $84.20. The company had a trading volume of 8,541,702 shares, compared to its average volume of 6,813,465. The company’s fifty day moving average is $76.29 and its 200-day moving average is $67.72. The firm has a market capitalization of $50.11 billion, a price-to-earnings ratio of 65.78, a price-to-earnings-growth ratio of 1.03 and a beta of 2.53. 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 1-year low of $48.21 and a 1-year high of $86.75.

Block (NYSE:XYZ) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.54. The firm had revenue of $6.62 billion for the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 EPS. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. On average, research analysts forecast that Block, Inc. will post 2.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

XYZ has been the topic of several research reports. Weiss Ratings upgraded Block from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Robert W. Baird raised their price target on shares of Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, July 2nd. Zacks Research downgraded shares of Block from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Block to a “buy” rating in a report on Tuesday, June 30th. Finally, Rosenblatt Securities set a $100.00 price target on shares of Block in a research note on Tuesday, June 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.40.

Hedge Funds Weigh In On Block

A number of institutional investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised its position in 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 acquiring an additional 161 shares in the last quarter. Elevation Wealth Partners LLC grew its position in shares of Block by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after acquiring an additional 292 shares during the period. Global Assets Advisory LLC acquired a new position in shares of Block during the 1st quarter worth about $31,000. Rachor Investment Advisory Services LLC acquired a new position in shares of Block during the 4th quarter worth about $32,000. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in shares of Block by 57.6% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after purchasing an additional 223 shares during the period. 70.44% of the stock is currently owned by institutional investors and hedge funds.

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.