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

Block, Inc. (NYSE:XYZ) CFO Amrita Ahuja sold 8,093 shares of Block stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 463,246 shares in the company, valued at approximately $34,743,450. This represents a 1.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $2,318,925.00.

Block Stock Performance

NYSE:XYZ 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 firm’s fifty day simple moving average is $70.33 and its 200 day simple moving average is $64.62. 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 capitalization of $44.49 billion, a PE ratio of 58.40, a PEG ratio of 0.94 and a beta of 2.56.

Block (NYSE:XYZ) last released its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The firm had revenue of $6.06 billion during the quarter. During the same period in the prior year, the firm earned $0.56 EPS. The firm’s revenue was up 4.9% on a year-over-year basis. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, sell-side analysts anticipate that Block, Inc. will post 2.42 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on XYZ. Wall Street Zen upgraded Block from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. BTIG Research reaffirmed a “buy” rating and issued a $90.00 price target on shares of Block in a research report on Friday, May 8th. TD Cowen lifted their price target on Block from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. The Goldman Sachs Group reiterated a “buy” rating on shares of Block in a report on Friday, May 8th. Finally, Royal Bank Of Canada increased their price objective on Block from $90.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Four research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.42.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in shares of Block by 49.6% during the 1st quarter. Parallel Advisors LLC now owns 10,978 shares of the technology company’s stock worth $661,000 after acquiring an additional 3,638 shares during the period. Wellington Grp LLC increased its stake in Block by 43.0% in the first quarter. Wellington Grp LLC now owns 6,632 shares of the technology company’s stock valued at $399,000 after acquiring an additional 1,993 shares during the period. Arete Wealth Advisors LLC raised its position in Block by 159.0% in the first quarter. Arete Wealth Advisors LLC now owns 10,521 shares of the technology company’s stock worth $633,000 after purchasing an additional 6,459 shares in the last quarter. Centaurus Financial Inc. raised its position in Block by 15.8% in the first quarter. Centaurus Financial Inc. now owns 11,437 shares of the technology company’s stock worth $688,000 after purchasing an additional 1,559 shares in the last quarter. Finally, Ashton Thomas Securities LLC lifted its stake in Block by 7.9% during the first quarter. Ashton Thomas Securities LLC now owns 5,101 shares of the technology company’s stock worth $307,000 after purchasing an additional 373 shares during the period. 70.44% of the stock is owned by institutional investors.

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.