Brian Grassadonia Sells 8,173 Shares of Block (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ) insider Brian Grassadonia sold 8,173 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $82.42, for a total transaction of $673,618.66. Following the transaction, the insider owned 513,981 shares of the company’s stock, valued at approximately $42,362,314.02. This represents a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Monday, August 3rd, Brian Grassadonia sold 25,908 shares of Block stock. The shares were sold at an average price of $81.64, for a total transaction of $2,115,129.12.
• 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.

Block Price Performance

Shares of NYSE:XYZ traded down $0.79 during trading on Monday, hitting $81.38. 4,068,129 shares of the company were exchanged, compared to its average volume of 4,955,299. The business’s 50 day moving average is $78.89 and its 200-day moving average is $69.40. The company has a market capitalization of $48.89 billion, a P/E ratio of 145.31, a price-to-earnings-growth ratio of 0.92 and a beta of 2.53. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.75.

Block (NYSE:XYZ) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The company had revenue of $6.62 billion during the quarter. During the same quarter in the previous year, the company posted $0.62 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Equities analysts forecast that Block, Inc. will post 2.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on XYZ shares. Royal Bank Of Canada lifted their price target on Block from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Susquehanna upped their price objective on Block from $90.00 to $100.00 and gave the company a “positive” rating in a research note on Thursday, August 6th. Craig Hallum started coverage on shares of Block in a report on Tuesday, June 30th. They issued a “buy” rating for the company. Piper Sandler lifted their target price on shares of Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, BTIG Research boosted their target price on shares of Block from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.23.

Institutional Trading of Block

Large investors have recently modified their holdings of the stock. Elevation Wealth Partners LLC boosted its position in shares of Block by 301.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after purchasing an additional 292 shares in the last quarter. Global Assets Advisory LLC bought a new stake in Block in the 1st quarter valued at about $31,000. Rachor Investment Advisory Services LLC acquired a new position in Block during the 4th quarter worth approximately $32,000. Cary Street Partners Investment Advisory LLC raised its stake in Block by 57.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock worth $40,000 after buying an additional 223 shares during the period. Finally, Osbon Capital Management LLC bought a new position in Block in the fourth quarter worth approximately $43,000. Institutional investors and hedge funds 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.