Brian Grassadonia Sells 43,348 Shares of Block (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ) insider Brian Grassadonia sold 43,348 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the completion of the sale, the insider owned 557,654 shares in the company, valued at approximately $44,612,320. This trade represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, May 22nd, Brian Grassadonia sold 8,166 shares of Block stock. The shares were sold at an average price of $68.01, for a total transaction of $555,369.66.

Block Stock Performance

NYSE:XYZ opened at $76.53 on Thursday. The company has a 50-day moving average of $72.56 and a 200-day moving average of $65.95. The firm has a market cap of $45.55 billion, a price-to-earnings ratio of 59.79, a price-to-earnings-growth ratio of 0.98 and a beta of 2.54. 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, Inc. has a twelve month low of $48.21 and a twelve month high of $82.50.

Block (NYSE:XYZ) last released its earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The business had revenue of $6.06 billion for the quarter. During the same quarter in the previous year, the firm earned $0.56 earnings per share. 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. Analysts forecast that Block, Inc. will post 2.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on XYZ. Keefe, Bruyette & Woods increased their price objective on Block from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Wall Street Zen upgraded Block from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Rothschild & Co Redburn raised Block from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $45.00 to $55.00 in a research report on Wednesday, March 18th. Jefferies Financial Group initiated coverage on Block in a report on Tuesday, June 30th. They set a “hold” rating for the company. Finally, Canaccord Genuity Group increased their price target on Block from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Block currently has an average rating of “Moderate Buy” and an average target price of $87.91.

Institutional Trading of Block

Several hedge funds and other institutional investors have recently modified their holdings of the business. Elevation Wealth Partners LLC lifted its stake in Block by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after acquiring an additional 292 shares in the last quarter. Sound Income Strategies LLC grew its stake in 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 in the last quarter. Rachor Investment Advisory Services LLC purchased a new position in Block during the 4th quarter valued at about $32,000. Global Assets Advisory LLC acquired a new position in shares of Block in the 1st quarter valued at about $31,000. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in shares of Block by 57.6% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after purchasing an additional 223 shares during the period. Institutional investors and hedge funds own 70.44% of the company’s stock.

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.