Block, Inc. (NYSE:XYZ) Insider Owen Britton Jennings Sells 3,993 Shares

Block, Inc. (NYSE:XYZ - Get Free Report) insider Owen Britton Jennings sold 3,993 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $78.60, for a total transaction of $313,849.80. Following the completion of the sale, the insider owned 273,931 shares of the company's stock, valued at $21,530,976.60. This trade represents a 1.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, July 2nd, Owen Britton Jennings sold 1,050 shares of Block stock. The shares were sold at an average price of $69.26, for a total transaction of $72,723.00.
• 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 transaction 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 transaction of $651,989.52.

Block Stock Up 1.2%

Shares of NYSE:XYZ traded up $0.94 during midday trading on Friday, hitting $80.71. The stock had a trading volume of 6,342,833 shares, compared to its average volume of 16,337,229. The company has a market capitalization of $49.64 billion, a P/E ratio of 19.64, a P/E/G ratio of 3.23 and a beta of 2.74. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $66.11. Block, Inc. has a fifty-two week low of $44.27 and a fifty-two week high of $99.26.

Block (NYSE:XYZ - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.07. Block had a net margin of 10.84% and a return on equity of 5.71%. The company had revenue of $5.77 billion for the quarter. During the same period last year, the firm posted $0.47 earnings per share. The company's revenue for the quarter was down 3.1% compared to the same quarter last year. Research analysts expect that Block, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on XYZ. Oppenheimer increased their price objective on Block from $70.00 to $71.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Wall Street Zen upgraded Block from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Barclays increased their price objective on Block from $57.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Argus set a $59.00 price target on shares of Block in a research report on Monday, May 5th. Finally, Benchmark lowered shares of Block from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $74.91.

About Block

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.