Block (NYSE:XYZ) CFO Amrita Ahuja Sells 3,101 Shares

Key Points

• Block CFO Amrita Ahuja sold 3,101 shares at an average price of $80.04, generating $248,204.04. The sale was made under a pre-arranged Rule 10b5-1 trading plan, leaving her with 432,773 shares.
• Block shares fell 1.0% to $81.38 during Monday trading, while the company reported quarterly EPS of $1.02, exceeding the $0.48 analyst consensus, and revenue of $6.62 billion, up 9.3% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $95.23; institutional investors own approximately 70.44% of Block’s outstanding shares.

Block, Inc. (NYSE:XYZ - Get Free Report) CFO Amrita Ahuja sold 3,101 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $80.04, for a total transaction of $248,204.04. Following the sale, the chief financial officer owned 432,773 shares of the company's stock, valued at approximately $34,639,150.92. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 Monday, August 24th, Amrita Ahuja sold 9,511 shares of Block stock. The stock was sold at an average price of $82.43, for a total transaction of $783,991.73.
• On Wednesday, August 5th, Amrita Ahuja sold 8,971 shares of Block stock. The shares were 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 value of $606,975.00.

Block Stock Down 1.0%

Shares of XYZ traded down $0.79 during midday trading on Monday, reaching $81.38. 4,068,129 shares of the stock were exchanged, compared to its average volume of 4,955,299. The company has a market cap of $48.89 billion, a price-to-earnings ratio of 145.31, a P/E/G ratio of 0.92 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. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $86.75. The firm has a 50 day simple moving average of $78.89 and a 200-day simple moving average of $69.40.

Block (NYSE:XYZ - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.54. The firm had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.The company's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 EPS. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Research analysts forecast that Block, Inc. will post 2.69 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Monness Crespi & Hardt lifted their price objective on Block from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. The Goldman Sachs Group upgraded Block from a "buy" rating to a "buy" rating in a research note on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft raised Block to a "buy" rating in a research report on Tuesday, June 30th. BMO Capital Markets increased their price objective on Block from $78.00 to $85.00 and gave the company a "market perform" rating in a research report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Block from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $95.23.

Institutional Trading of Block

A number of institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System lifted its position in Block by 6,740.0% in the second quarter. California State Teachers Retirement System now owns 54,852,088 shares of the technology company's stock worth $4,168,759,000 after purchasing an additional 54,050,161 shares during the period. BlackRock Inc. bought a new stake in Block in the 2nd quarter valued at $621,703,000. Capital World Investors increased its holdings in Block by 41.8% in 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 buying an additional 4,727,217 shares during the period. Geode Capital Management LLC raised its stake in shares of Block by 0.5% in 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 buying an additional 67,560 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in shares of Block in the 2nd quarter valued at $535,305,000. 70.44% of the stock is currently 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.

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