Owen Britton Jennings Sells 1,317 Shares of Block (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ) insider Owen Britton Jennings sold 1,317 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $81.48, for a total transaction of $107,309.16. Following the transaction, the insider directly owned 460,128 shares of the company’s stock, valued at approximately $37,491,229.44. This represents a 0.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 21st, Owen Britton Jennings sold 584 shares of Block stock. The stock was sold at an average price of $80.04, for a total transaction of $46,743.36.

Block Price Performance

Block stock opened at $82.73 on Wednesday. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a 50 day moving average price of $79.05 and a 200 day moving average price of $69.58. The company has a market cap of $49.70 billion, a price-to-earnings ratio of 147.72, a PEG ratio of 0.91 and a beta of 2.53.

Block (NYSE:XYZ) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. The company had revenue of $6.62 billion for the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. 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. Sell-side analysts predict that Block, Inc. will post 2.69 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in XYZ. Allstate Corp boosted its holdings in Block by 91.9% in the fourth quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock valued at $2,557,000 after purchasing an additional 18,812 shares during the last quarter. National Pension Service increased its holdings in Block by 8.4% during the 4th quarter. National Pension Service now owns 833,124 shares of the technology company’s stock worth $54,228,000 after purchasing an additional 64,674 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Block by 7.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock valued at $79,749,000 after purchasing an additional 82,446 shares in the last quarter. Mawer Investment Management Ltd. acquired a new position in shares of Block in the 4th quarter valued at approximately $3,062,000. Finally, Eurizon Asset Management Hungary Ltd. purchased a new position in shares of Block during the 4th quarter valued at approximately $976,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on XYZ shares. Royal Bank Of Canada lifted their target price on Block from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Truist Financial upped their price target on Block from $82.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. UBS Group raised their price objective on Block from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Piper Sandler boosted their target price on Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Finally, Craig Hallum initiated coverage on shares of Block in a research report on Tuesday, June 30th. They set a “buy” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have assigned 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.

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.