Owen Britton Jennings Sells 1,317 Shares of Block (NYSE:XYZ) Stock

Key Points

• Block insider Owen Britton Jennings sold 1,317 shares at an average price of $81.48, generating $107,309.16. The transaction was made under a pre-arranged Rule 10b5-1 plan, leaving him with 460,128 shares.
• Block’s shares traded near $81.38, with the stock up substantially from its 52-week low of $48.21 and near its 52-week high of $86.75. The company recently reported quarterly EPS of $1.02, beating estimates of $0.48, while revenue rose 9.3% year over year to $6.62 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $95.23. Institutional investors own 70.44% of the stock, with major firms including BlackRock and Ameriprise Financial establishing new positions.

Block, Inc. (NYSE:XYZ - Get Free Report) insider Owen Britton Jennings sold 1,317 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $81.48, for a total value of $107,309.16. Following the sale, the insider owned 460,128 shares of the company's stock, valued at approximately $37,491,229.44. This represents a 0.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 21st, Owen Britton Jennings sold 584 shares of Block stock. The shares were sold at an average price of $80.04, for a total value of $46,743.36.

Block Stock Performance

Block stock traded down $0.79 during trading hours on Monday, hitting $81.38. 4,068,129 shares of the stock traded hands, compared to its average volume of 4,955,299. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The firm's 50 day moving average price is $78.89 and its 200-day moving average price is $69.40. The stock has a market capitalization 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. 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 announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The firm had revenue of $6.62 billion during the quarter. During the same quarter in the previous year, the business earned $0.62 earnings per share. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. 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 analysts expect that Block, Inc. will post 2.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on XYZ shares. Wall Street Zen raised shares of Block from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. Canaccord Genuity Group upped their target price on Block from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. BMO Capital Markets increased their price target on shares of Block from $78.00 to $85.00 and gave the stock a "market perform" rating in a report on Wednesday, July 22nd. The Goldman Sachs Group raised shares of Block from a "buy" rating to a "buy" rating in a report on Tuesday, June 30th. Finally, Clear Str upgraded Block to a "hold" rating in a research report on Thursday, July 16th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $95.23.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its position in Block by 6,740.0% during the 2nd quarter. California State Teachers Retirement System now owns 54,852,088 shares of the technology company's stock worth $4,168,759,000 after acquiring an additional 54,050,161 shares in the last quarter. BlackRock Inc. bought a new stake in Block in the second quarter valued at about $621,703,000. Ameriprise Financial Inc. acquired a new stake in shares of Block during the 2nd quarter valued at approximately $535,305,000. Norges Bank acquired a new stake in shares of Block during the fourth quarter worth $484,387,000. Finally, Viking Global Investors LP acquired a new stake in Block during the second quarter worth about $368,213,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.

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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