Block, Inc. (NYSE:XYZ) Insider Owen Britton Jennings Sells 2,185 Shares

Block, Inc. (NYSE:XYZ - Get Free Report) insider Owen Britton Jennings sold 2,185 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $65.00, for a total transaction of $142,025.00. Following the sale, the insider now directly owns 278,974 shares in the company, valued at $18,133,310. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, May 22nd, Owen Britton Jennings sold 3,580 shares of Block stock. The shares were sold at an average price of $55.92, for a total value of $200,193.60.
• On Wednesday, May 21st, Owen Britton Jennings sold 11,556 shares of Block stock. The stock was sold at an average price of $56.42, for a total value of $651,989.52.
• On Wednesday, April 2nd, Owen Britton Jennings sold 1,263 shares of Block stock. The stock was sold at an average price of $56.19, for a total transaction of $70,967.97.

Block Trading Down 0.7%

NYSE XYZ traded down $0.42 on Wednesday, hitting $64.06. 6,402,431 shares of the stock traded hands, compared to its average volume of 9,394,933. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.07 and a quick ratio of 2.07. The company has a 50-day moving average price of $56.40. Block, Inc. has a twelve month low of $44.27 and a twelve month high of $99.26. The stock has a market capitalization of $39.40 billion, a P/E ratio of 14.08, a P/E/G ratio of 0.72 and a beta of 2.75.

Analyst Upgrades and Downgrades

XYZ has been the topic of a number of research reports. Wall Street Zen lowered shares of Block from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. BMO Capital Markets reiterated a "market perform" rating and set a $58.00 price objective (down previously from $80.00) on shares of Block in a research note on Friday, May 2nd. Wolfe Research set a $75.00 price target on Block in a research report on Monday, May 19th. KGI Securities raised Block to a "hold" rating in a report on Friday, May 9th. Finally, Benchmark lowered Block from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $76.22.

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.