Block (NYSE:XYZ) Insider Owen Britton Jennings Sells 584 Shares of Stock

Block, Inc. (NYSE:XYZ) insider Owen Britton Jennings sold 584 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $80.04, for a total transaction of $46,743.36. Following the completion of the transaction, the insider owned 461,445 shares in the company, valued at approximately $36,934,057.80. The trade was a 0.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Owen Britton Jennings also recently made the following trade(s):

• On Monday, August 24th, Owen Britton Jennings sold 1,317 shares of Block stock. The stock was sold at an average price of $81.48, for a total value of $107,309.16.

Block Stock Performance

XYZ stock opened at $81.38 on Tuesday. The firm has a market cap of $48.89 billion, a PE ratio of 145.31, a price-to-earnings-growth ratio of 0.92 and a beta of 2.53. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $78.89 and a 200-day moving average price of $69.40. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.75.

Block (NYSE:XYZ) last announced its earnings results on Wednesday, August 5th. The technology company reported $1.02 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 company had revenue of $6.62 billion for the quarter. During the same quarter in the previous year, the company earned $0.62 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts expect that Block, Inc. will post 2.69 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. BMO Capital Markets raised their price objective on shares of Block from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 22nd. Wall Street Zen raised shares of Block from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Morgan Stanley restated an “overweight” rating on shares of Block in a report on Wednesday, August 5th. BTIG Research lifted their price target on shares of Block from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Block to a “buy” rating in a report on Tuesday, June 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Block currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.23.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Raiffeisen Bank International AG raised its holdings in shares of Block by 0.3% in the 2nd quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company’s stock worth $3,503,000 after acquiring an additional 148 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Block by 33.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock valued at $46,000 after purchasing an additional 179 shares during the last quarter. Merit Financial Group LLC increased its holdings in Block by 3.7% during the 4th quarter. Merit Financial Group LLC now owns 5,270 shares of the technology company’s stock worth $343,000 after purchasing an additional 188 shares in the last quarter. Avior Wealth Management LLC increased its holdings in Block by 3.3% during the 2nd quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company’s stock worth $462,000 after purchasing an additional 193 shares in the last quarter. Finally, Carson Advisory Inc. raised its stake in shares of Block by 2.6% in the first quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company’s stock worth $484,000 after purchasing an additional 200 shares during the last quarter. 70.44% of the stock is currently owned by institutional investors and hedge funds.

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.