Amrita Ahuja Sells 3,101 Shares of Block (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ) CFO Amrita Ahuja sold 3,101 shares of Block stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $80.04, for a total transaction of $248,204.04. Following the completion of the transaction, the chief financial officer directly owned 432,773 shares of the company’s stock, valued at $34,639,150.92. This trade represents a 0.71% decrease in their ownership of the stock. The sale 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 Monday, August 24th, Amrita Ahuja sold 9,511 shares of Block stock. The stock was sold at an average price of $82.43, for a total transaction of $783,991.73.
• On Wednesday, August 5th, Amrita Ahuja sold 8,971 shares of Block stock. The shares were sold at an average price of $85.85, for a total transaction of $770,160.35.
• On Tuesday, June 16th, Amrita Ahuja sold 8,093 shares of Block stock. The shares were sold at an average price of $75.00, for a total transaction of $606,975.00.

Block Price Performance

Shares of NYSE XYZ opened at $82.73 on Wednesday. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.75. The firm has a market cap of $49.70 billion, a P/E ratio of 147.72, a PEG ratio of 0.91 and a beta of 2.53. The company has a 50 day moving average of $79.05 and a 200 day moving average of $69.58. 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 (NYSE:XYZ) last released its quarterly earnings data 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. Block had a return on equity of 8.10% and a net margin of 1.43%.The business had revenue of $6.62 billion for the quarter. During the same period last year, the company posted $0.62 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, research analysts expect that Block, Inc. will post 2.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on XYZ shares. Oppenheimer reiterated an “outperform” rating and issued a $97.00 price objective on shares of Block in a report on Thursday, August 6th. William Blair cut shares of Block to a “market perform” rating in a research note on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft raised shares of Block to a “buy” rating in a report on Tuesday, June 30th. Susquehanna boosted their price objective on shares of Block from $90.00 to $100.00 and gave the company a “positive” rating in a report on Thursday, August 6th. Finally, Royal Bank Of Canada boosted their price objective on shares of Block from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $95.84.

Institutional Trading of Block

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XYZ. California State Teachers Retirement System boosted its stake in shares of Block by 6,740.0% during the 2nd quarter. California State Teachers Retirement System now owns 54,852,088 shares of the technology company’s stock worth $4,168,759,000 after acquiring an additional 54,050,161 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Block in the second quarter worth $621,703,000. Capital World Investors raised its position in shares of Block by 41.8% during the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock valued at $1,042,966,000 after purchasing an additional 4,727,217 shares during the period. Geode Capital Management LLC raised its position in shares of Block by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock valued at $934,121,000 after purchasing an additional 67,560 shares during the period. Finally, Ameriprise Financial Inc. purchased a new position in shares of Block during the 2nd quarter valued at $535,305,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

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.