Block (NYSE:XYZ) CFO Amrita Ahuja Sells 1,101 Shares

Block, Inc. (NYSE:XYZ) CFO Amrita Ahuja sold 1,101 shares of Block stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $63.98, for a total transaction of $70,441.98. Following the completion of the transaction, the chief financial officer owned 271,864 shares of the company’s stock, valued at $17,393,858.72. This trade represents a 0.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Amrita Ahuja also recently made the following trade(s):

• On Friday, November 21st, Amrita Ahuja sold 9,959 shares of Block stock. The stock was sold at an average price of $61.40, for a total transaction of $611,482.60.

Block Stock Performance

Shares of XYZ stock opened at $69.94 on Wednesday. The firm has a 50 day moving average of $65.35 and a two-hundred day moving average of $71.45. The stock has a market capitalization of $42.50 billion, a PE ratio of 14.10, a P/E/G ratio of 1.26 and a beta of 2.66. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.25. Block, Inc. has a 52 week low of $44.27 and a 52 week high of $94.25.

Block (NYSE:XYZ) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.29. The business had revenue of $6.11 billion for the quarter. Block had a return on equity of 5.54% and a net margin of 12.99%.The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. On average, research analysts predict that Block, Inc. will post 2.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Block

Several large investors have recently bought and sold shares of the stock. Howard Capital Management Inc. increased its position in shares of Block by 3.2% during the third quarter. Howard Capital Management Inc. now owns 4,439 shares of the technology company’s stock worth $321,000 after purchasing an additional 138 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Block by 23.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 853 shares of the technology company’s stock valued at $66,000 after purchasing an additional 160 shares during the period. Jones Financial Companies Lllp grew its stake in Block by 0.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 21,183 shares of the technology company’s stock worth $1,561,000 after buying an additional 167 shares during the last quarter. Vista Investment Partners II LLC increased its position in Block by 3.6% during the third quarter. Vista Investment Partners II LLC now owns 5,334 shares of the technology company’s stock worth $385,000 after buying an additional 184 shares during the period. Finally, Rothschild Investment LLC increased its position in Block by 59.7% during the third quarter. Rothschild Investment LLC now owns 495 shares of the technology company’s stock worth $36,000 after buying an additional 185 shares during the period. Institutional investors and hedge funds own 70.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on XYZ shares. Truist Financial upgraded Block from a “sell” rating to a “hold” rating in a research note on Monday, November 17th. BTIG Research reaffirmed a “buy” rating and issued a $90.00 target price on shares of Block in a report on Thursday, November 20th. Citigroup upgraded shares of Block to a “strong-buy” rating in a report on Thursday, October 23rd. Zacks Research downgraded shares of Block from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, BNP Paribas upgraded shares of Block from a “hold” rating to an “outperform” rating in a report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Block has an average rating of “Moderate Buy” and a consensus target price of $83.12.

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.