Insider Selling: Block, Inc. (NYSE:XYZ) Insider Sells 1,050 Shares of Stock

Block, Inc. (NYSE:XYZ - Get Free Report) insider Owen Britton Jennings sold 1,050 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $69.26, for a total transaction of $72,723.00. Following the sale, the insider owned 277,924 shares in the company, valued at approximately $19,249,016.24. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Friday, June 6th, Owen Britton Jennings sold 2,185 shares of Block stock. The shares were sold at an average price of $65.00, for a total transaction of $142,025.00.
• On Thursday, May 22nd, Owen Britton Jennings sold 3,580 shares of Block stock. The stock was sold at an average price of $55.92, for a total value of $200,193.60.
• On Wednesday, May 21st, Owen Britton Jennings sold 11,556 shares of Block stock. The shares were sold at an average price of $56.42, for a total value of $651,989.52.

Block Price Performance

NYSE:XYZ traded down $0.22 during trading hours on Tuesday, reaching $69.19. 1,390,142 shares of the company were exchanged, compared to its average volume of 8,964,792. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.24. The stock has a market cap of $42.55 billion, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 2.09 and a beta of 2.74. Block, Inc. has a 52-week low of $44.27 and a 52-week high of $99.26. The company's 50 day moving average is $60.83.

Analysts Set New Price Targets

XYZ has been the subject of several recent research reports. Macquarie lowered shares of Block from an "outperform" rating to a "neutral" rating and set a $50.00 target price for the company. in a report on Monday, May 5th. Jefferies Financial Group boosted their price objective on shares of Block from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. BNP Paribas raised shares of Block from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Evercore ISI raised shares of Block from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $58.00 to $75.00 in a research report on Tuesday, June 3rd. Finally, Compass Point started coverage on shares of Block in a research report on Wednesday, July 2nd. They set a "buy" rating and a $80.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Block has a consensus rating of "Moderate Buy" and an average target price of $74.19.

Block Company Profile

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.