Brian Grassadonia Sells 8,166 Shares of Block (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ) insider Brian Grassadonia sold 8,166 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $68.01, for a total value of $555,369.66. Following the transaction, the insider directly owned 601,002 shares in the company, valued at approximately $40,874,146.02. This represents a 1.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brian Grassadonia also recently made the following trade(s):

• On Monday, April 6th, Brian Grassadonia sold 1,769 shares of Block stock. The stock was sold at an average price of $60.25, for a total value of $106,582.25.
• On Tuesday, February 24th, Brian Grassadonia sold 10,349 shares of Block stock. The stock was sold at an average price of $50.00, for a total value of $517,450.00.

Block Stock Performance

NYSE XYZ opened at $68.05 on Friday. 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 firm has a market cap of $40.50 billion, a P/E ratio of 53.17, a P/E/G ratio of 0.89 and a beta of 2.57. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $82.50. The business’s 50-day moving average price is $65.73 and its 200 day moving average price is $63.78.

Block (NYSE:XYZ) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.55. The firm 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 quarter in the previous year, the business earned $0.56 EPS. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, equities research analysts expect that Block, Inc. will post 2.4 earnings per share for the current year.

Institutional Investors Weigh In On Block

A number of hedge funds and other institutional investors have recently modified their holdings of XYZ. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Block during the 3rd quarter valued at approximately $28,000. Sound Income Strategies LLC lifted its position in shares of Block by 57.1% during the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock valued at $29,000 after acquiring an additional 161 shares during the period. RMG Wealth Management LLC acquired a new stake in shares of Block during the 3rd quarter valued at approximately $30,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Block during the 3rd quarter worth approximately $30,000. Finally, Global Assets Advisory LLC purchased a new position in shares of Block during the 1st quarter worth approximately $31,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on XYZ shares. Morgan Stanley upgraded shares of Block from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $72.00 to $93.00 in a research report on Friday, February 27th. Arete Research upgraded shares of Block from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Loop Capital started coverage on shares of Block in a research report on Tuesday, March 31st. They issued a “buy” rating and a $75.00 price objective for the company. HSBC upgraded shares of Block from a “hold” rating to a “buy” rating and raised their price objective for the company from $70.00 to $77.00 in a research report on Tuesday, March 3rd. Finally, Raymond James Financial upgraded shares of Block to a “moderate buy” rating in a research report on Friday, February 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.94.

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.