Amrita Ahuja Sells 8,093 Shares of Block (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ) CFO Amrita Ahuja sold 8,093 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $75.00, for a total transaction of $606,975.00. Following the completion of the sale, the chief financial officer owned 463,246 shares of the company’s stock, valued at approximately $34,743,450. This represents a 1.72% decrease in their position. 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.

Amrita Ahuja also recently made the following trade(s):

• On Tuesday, April 21st, Amrita Ahuja sold 30,919 shares of Block stock. The stock was sold at an average price of $75.00, for a total value of $2,318,925.00.

Block Stock Performance

XYZ stock opened at $74.75 on Friday. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $82.50. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. The firm has a market cap of $44.49 billion, a PE ratio of 58.40, a P/E/G ratio of 0.97 and a beta of 2.56. The business’s 50-day moving average price is $70.57 and its two-hundred day moving average price is $64.69.

Block (NYSE:XYZ) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.55. The company had revenue of $6.06 billion during the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 earnings per share. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. As a group, research analysts forecast that Block, Inc. will post 2.42 earnings per share for the current year.

Hedge Funds Weigh In On Block

Several hedge funds have recently made changes to their positions in the business. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Block in the third quarter worth $28,000. Sound Income Strategies LLC grew its position in Block by 57.1% in the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock valued at $29,000 after purchasing an additional 161 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new stake in Block in the 4th quarter valued at $32,000. Rothschild Investment LLC increased its stake in Block by 59.7% in the 3rd quarter. Rothschild Investment LLC now owns 495 shares of the technology company’s stock valued at $36,000 after buying an additional 185 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new stake in Block during the first quarter worth about $31,000. 70.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XYZ has been the topic of several research analyst reports. Loop Capital initiated coverage on shares of Block in a report on Tuesday, March 31st. They set a “buy” rating and a $75.00 target price on the stock. Piper Sandler upped their price target on shares of Block from $51.00 to $58.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Wall Street Zen upgraded shares of Block from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Morgan Stanley raised their price objective on shares of Block from $96.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Finally, Weiss Ratings raised shares of Block from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Four investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $85.42.

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.