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

Block, Inc. (NYSE:XYZ) insider Owen Britton Jennings sold 1,317 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $81.48, for a total value of $107,309.16. Following the transaction, the insider directly owned 460,128 shares in the company, valued at $37,491,229.44. This represents a 0.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 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 value of $46,743.36.

Block Trading Down 1.0%

Shares of Block stock opened at $81.38 on Tuesday. The stock has a market capitalization of $48.89 billion, a P/E ratio of 145.31, a P/E/G ratio of 0.92 and a beta of 2.53. Block, Inc. has a 52-week low of $48.21 and a 52-week 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 stock’s 50-day simple moving average is $78.89 and its 200 day simple moving average is $69.40.

Block (NYSE:XYZ) last issued its 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. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm had revenue of $6.62 billion during the quarter. During the same quarter in the prior year, the business earned $0.62 EPS. Block’s revenue for the quarter 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 anticipate that Block, Inc. will post 2.69 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on XYZ. Barclays assumed coverage on Block in a research report on Tuesday, July 7th. They set an “overweight” rating and a $100.00 target price on the stock. BMO Capital Markets boosted their price objective on Block from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. Rosenblatt Securities set a $100.00 price objective on Block in a report on Tuesday, June 30th. KeyCorp raised their target price on Block from $105.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Finally, UBS Group lifted their target price on Block from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Three 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.23.

Institutional Investors Weigh In On Block

Large investors have recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC grew its position in Block by 301.0% during the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after buying an additional 292 shares in the last quarter. Rachor Investment Advisory Services LLC purchased a new stake in shares of Block in the 4th quarter valued at about $32,000. Global Assets Advisory LLC purchased a new stake in shares of Block in the 1st quarter valued at about $31,000. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Block by 57.6% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after acquiring an additional 223 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Block during the 2nd quarter valued at about $43,000. Institutional investors own 70.44% of the company’s stock.

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.