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

Block, Inc. (NYSE:XYZ) insider Owen Britton Jennings sold 1,316 shares of Block stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $68.54, for a total transaction of $90,198.64. Following the sale, the insider directly owned 479,662 shares of the company’s stock, valued at approximately $32,876,033.48. This trade represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 Thursday, May 21st, Owen Britton Jennings sold 583 shares of Block stock. The stock was 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 transaction of $8,013.25.
• On Tuesday, March 3rd, Owen Britton Jennings sold 3,555 shares of Block stock. The stock was sold at an average price of $63.41, for a total transaction of $225,422.55.

Block Price Performance

Block stock opened at $74.27 on Friday. The stock has a market cap of $44.20 billion, a P/E ratio of 58.02, a price-to-earnings-growth ratio of 0.94 and a beta of 2.57. The company has a fifty day simple moving average of $66.60 and a 200-day simple moving average of $63.70. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $82.50. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.55. The business had revenue of $6.06 billion during the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. Block’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.56 earnings per share. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Equities analysts expect that Block, Inc. will post 2.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Block

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Grp LLC raised its holdings in shares of Block by 43.0% in the first quarter. Wellington Grp LLC now owns 6,632 shares of the technology company’s stock valued at $399,000 after buying an additional 1,993 shares during the last quarter. Arete Wealth Advisors LLC raised its holdings in shares of Block by 159.0% in the first quarter. Arete Wealth Advisors LLC now owns 10,521 shares of the technology company’s stock valued at $633,000 after buying an additional 6,459 shares during the last quarter. Centaurus Financial Inc. raised its holdings in shares of Block by 15.8% in the first quarter. Centaurus Financial Inc. now owns 11,437 shares of the technology company’s stock valued at $688,000 after buying an additional 1,559 shares during the last quarter. Ashton Thomas Securities LLC raised its holdings in shares of Block by 7.9% in the first quarter. Ashton Thomas Securities LLC now owns 5,101 shares of the technology company’s stock valued at $307,000 after buying an additional 373 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Block by 174.8% in the first quarter. Empowered Funds LLC now owns 84,475 shares of the technology company’s stock valued at $5,084,000 after buying an additional 53,739 shares during the last quarter. 70.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on XYZ shares. Morgan Stanley raised shares of Block from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $72.00 to $93.00 in a research report on Friday, February 27th. Piper Sandler boosted their price target on shares of Block from $51.00 to $58.00 and gave the company an “underweight” rating in a research report on Friday, May 8th. Raymond James Financial raised shares of Block to a “moderate buy” rating in a research report on Friday, February 27th. Weiss Ratings cut shares of Block from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 18th. Finally, BMO Capital Markets started coverage on shares of Block in a research report on Tuesday, April 21st. They issued a “market perform” rating and a $74.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.