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

Key Points

• Block CFO Amrita Ahuja sold 9,511 shares at an average price of $82.43, generating $783,991.73. The transaction was made under a pre-arranged Rule 10b5-1 plan, leaving her with 423,262 shares.
• Block shares fell 1.0% to $81.38, while the company reported quarterly EPS of $1.02, exceeding the $0.48 analyst consensus. Revenue rose 9.3% year over year to $6.62 billion.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $95.23, compared with the current share price. Institutional investors own approximately 70.44% of Block’s stock.

Block, Inc. (NYSE:XYZ - Get Free Report) CFO Amrita Ahuja sold 9,511 shares of the company's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $82.43, for a total transaction of $783,991.73. Following the completion of the transaction, the chief financial officer owned 423,262 shares in the company, valued at $34,889,486.66. This represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 shares were sold at an average price of $85.85, for a total value of $770,160.35.
• On Tuesday, June 16th, Amrita Ahuja sold 8,093 shares of Block stock. The stock was sold at an average price of $75.00, for a total value of $606,975.00.

Block Stock Down 1.0%

Shares of Block stock traded down $0.79 on Monday, reaching $81.38. The stock had a trading volume of 4,068,129 shares, compared to its average volume of 4,955,299. 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 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. The company has a 50 day moving average price of $78.89 and a 200 day moving average price of $69.40. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.75.

Block (NYSE:XYZ - Get Free Report) last posted its earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating 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%. The company's revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $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. As a group, equities research analysts forecast that Block, Inc. will post 2.69 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on XYZ shares. Rosenblatt Securities set a $100.00 price target on Block in a report on Tuesday, June 30th. Wall Street Zen upgraded shares of Block from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. Keefe, Bruyette & Woods increased their price objective on shares of Block from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Truist Financial boosted their target price on shares of Block from $82.00 to $93.00 and gave the stock a "buy" rating in a research report on Friday, July 24th. Finally, Barclays assumed coverage on shares of Block in a research note on Tuesday, July 7th. They set an "overweight" rating and a $100.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $95.23.

Institutional Investors Weigh In On Block

A number of institutional investors and hedge funds have recently modified their holdings of XYZ. Allstate Corp grew its stake in Block by 91.9% during the 4th quarter. Allstate Corp now owns 39,281 shares of the technology company's stock valued at $2,557,000 after acquiring an additional 18,812 shares in the last quarter. National Pension Service raised its holdings in Block by 8.4% in the 4th quarter. National Pension Service now owns 833,124 shares of the technology company's stock valued at $54,228,000 after buying an additional 64,674 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Block by 7.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company's stock worth $79,749,000 after acquiring an additional 82,446 shares during the last quarter. Mawer Investment Management Ltd. acquired a new position in Block during the fourth quarter worth $3,062,000. Finally, Eurizon Asset Management Hungary Ltd. acquired a new position in Block during the 4th quarter worth about $976,000. Institutional investors and hedge funds 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.

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