Amrita Ahuja Sells 9,511 Shares of Block (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ) CFO Amrita Ahuja sold 9,511 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $82.43, for a total transaction of $783,991.73. Following the sale, the chief financial officer owned 423,262 shares of the company’s stock, valued at approximately $34,889,486.66. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 21st, Amrita Ahuja sold 3,101 shares of Block stock. The stock was sold at an average price of $80.04, for a total transaction of $248,204.04.
• On Wednesday, August 5th, Amrita Ahuja sold 8,971 shares of Block stock. The stock was sold at an average price of $85.85, for a total transaction of $770,160.35.
• On Tuesday, June 16th, Amrita Ahuja sold 8,093 shares of Block stock. The shares were sold at an average price of $75.00, for a total transaction of $606,975.00.

Block Price Performance

Shares of XYZ opened at $82.73 on Wednesday. The company has a market capitalization of $49.70 billion, a P/E ratio of 147.72, a price-to-earnings-growth ratio of 0.91 and a beta of 2.53. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $79.05 and a 200 day moving average of $69.58. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.75.

Block (NYSE:XYZ) last announced its quarterly earnings data 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 during the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. Block’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share. 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 anticipate that Block, Inc. will post 2.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Block

Several hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System increased its position in Block by 6,740.0% during the second quarter. California State Teachers Retirement System now owns 54,852,088 shares of the technology company’s stock valued at $4,168,759,000 after acquiring an additional 54,050,161 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Block during the 2nd quarter valued at about $621,703,000. Capital World Investors grew its stake in shares of Block by 41.8% during the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock valued at $1,042,966,000 after purchasing an additional 4,727,217 shares during the period. Geode Capital Management LLC increased its position in shares of Block by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock valued at $934,121,000 after purchasing an additional 67,560 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Block during the 2nd quarter valued at about $535,305,000. 70.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on XYZ shares. Canaccord Genuity Group upped their price target on Block from $85.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Truist Financial lifted their price objective on Block from $82.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, July 24th. UBS Group lifted 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. Argus boosted their target price on Block from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Royal Bank Of Canada upped their target price on shares of Block from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Block has an average rating of “Moderate Buy” and a consensus target price 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.