Block, Inc. (NYSE:XYZ) CFO Amrita Ahuja Sells 1,351 Shares

Block, Inc. (NYSE:XYZ - Get Free Report) CFO Amrita Ahuja sold 1,351 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $69.26, for a total value of $93,570.26. Following the completion of the transaction, the chief financial officer directly owned 324,755 shares in the company, valued at $22,492,531.30. This trade represents a 0.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Amrita Ahuja also recently made the following trade(s):

• On Wednesday, May 21st, Amrita Ahuja sold 10,002 shares of Block stock. The stock was sold at an average price of $56.39, for a total value of $564,012.78.

Block Stock Performance

Shares of Block stock traded down $0.22 during trading on Tuesday, hitting $69.19. The company's stock had a trading volume of 1,390,142 shares, compared to its average volume of 8,964,792. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.27 and a quick ratio of 2.27. The business's fifty day moving average price is $60.83. The firm has a market capitalization of $42.55 billion, a P/E ratio of 16.83, a PEG 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.

Analyst Ratings Changes

A number of brokerages recently weighed in on XYZ. Jefferies Financial Group upped their price objective on Block from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Stephens reaffirmed an "overweight" rating and issued a $75.00 price target on shares of Block in a research note on Friday, May 2nd. The Goldman Sachs Group reduced their price objective on Block from $65.00 to $57.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Robert W. Baird reduced their target price on Block from $105.00 to $80.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, Macquarie cut Block from an "outperform" rating to a "neutral" rating and set a $50.00 target price for the company. in a research note on Monday, May 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.