Owen Britton Jennings Sells 1,316 Shares of Block (NYSE:XYZ) Stock

Key Points

• Block insider Owen Britton Jennings sold 1,316 shares on May 22 at an average price of $68.54, for about $90,199. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and Jennings still holds 479,662 shares.
• Block stock rose 3.1% in Wednesday trading to $71.35, with the company carrying a market cap of about $42.46 billion. Shares have traded between $48.21 and $82.50 over the past year.
• Block reported stronger-than-expected quarterly results, posting EPS of $0.85 versus the $0.30 estimate and revenue of $6.06 billion, up 4.9% year over year. Analysts currently rate the stock a Moderate Buy with a consensus price target of $84.97.

Block, Inc. (NYSE:XYZ - Get Free Report) insider Owen Britton Jennings sold 1,316 shares of the business's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $68.54, for a total value of $90,198.64. Following the completion of the transaction, the insider directly owned 479,662 shares in the company, valued at approximately $32,876,033.48. This represents a 0.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, May 21st, Owen Britton Jennings sold 583 shares of Block stock. The shares were sold at an average price of $69.83, for a total transaction of $40,710.89.
• On Tuesday, May 19th, Owen Britton Jennings sold 44 shares of Block stock. The stock was sold at an average price of $71.00, for a total transaction of $3,124.00.
• On Monday, April 6th, Owen Britton Jennings sold 133 shares of Block stock. The stock was sold at an average price of $60.25, for a total value of $8,013.25.
• On Tuesday, March 3rd, Owen Britton Jennings sold 3,555 shares of Block stock. The shares were sold at an average price of $63.41, for a total value of $225,422.55.

Block Trading Up 3.1%

XYZ stock traded up $2.18 during midday trading on Wednesday, reaching $71.35. The stock had a trading volume of 6,358,418 shares, compared to its average volume of 7,410,462. The firm has a market cap of $42.46 billion, a price-to-earnings ratio of 55.74, a PEG ratio of 0.89 and a beta of 2.57. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $82.50. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $66.32 and a two-hundred day simple moving average of $63.64.

Block (NYSE:XYZ - Get Free Report) last issued its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The company had revenue of $6.06 billion for the quarter. During the same period last year, the business posted $0.56 EPS. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. As a group, research analysts expect that Block, Inc. will post 2.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Block

A number of hedge funds and other institutional investors have recently bought and sold shares of XYZ. Cary Street Partners Investment Advisory LLC bought a new position in shares of Block during the 3rd quarter worth approximately $28,000. Sound Income Strategies LLC lifted its position in shares of Block by 57.1% in the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company's stock worth $29,000 after purchasing an additional 161 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Block during the third quarter worth $30,000. Global Assets Advisory LLC acquired a new position in Block during the first quarter worth $31,000. Finally, Rachor Investment Advisory Services LLC bought a new position in Block in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 70.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. BTIG Research restated a "buy" rating and issued a $90.00 price target on shares of Block in a report on Friday, May 8th. Rothschild & Co Redburn upgraded Block from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $45.00 to $55.00 in a research report on Wednesday, March 18th. Zacks Research cut Block from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 12th. Loop Capital started coverage on shares of Block in a research note on Tuesday, March 31st. They issued a "buy" rating and a $75.00 price target on the stock. Finally, Weiss Ratings cut shares of Block from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, May 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Block has a consensus rating of "Moderate Buy" and a consensus target price of $84.97.

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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