Amy Brooks Buys Shares of Block, Inc. (NYSE:XYZ)
Insider Amy Brooks acquired 3,682 shares of Block, Inc. on June 16, 2026.
Key Points
- Amy Brooks bought 3,682 shares of Block, Inc. on June 16, 2026, without a planned transaction.
- Block, Inc. trades at approximately $72.84 with a market cap of $43.35 billion and a P/E ratio of 56.91.
- Analysts maintain a positive outlook with a consensus 'buy' rating and a mean target price of $90.40.
On June 16, 2026, Amy Brooks, an insider at Block, Inc., purchased 3,682 shares of the company. This transaction was not part of a pre-arranged plan, and the shares were acquired at no cost.
Other Institutional Activity in Block, Inc.
Several large institutional investors have made notable moves in Block, Inc. PRICE T ROWE ASSOCIATES INC /MD/ increased its position by 2,112,132 shares, ending with 45,205,148 shares valued at about $2.72 billion. BLACKROCK, INC. added 393,461 shares, bringing its total to 42,238,874 shares worth approximately $2.54 billion. Meanwhile, STATE STREET CORP grew its holdings by 98,724 shares, reaching a total of 23,140,666 shares with a value of around $1.39 billion.
Block, Inc. Stock Snapshot
Shares of NYSE:XYZ recently traded near $72.84. Block, Inc. has a market cap of approximately $43.35 billion, a P/E ratio of 56.91, and a forward P/E of 14.63. The stock's 52-week range is between $48.21 and $82.50, with a 50-day moving average of $70.33 and a 200-day moving average of $67.31. The company has a beta of 2.552, indicating higher volatility compared to the market.
Recent Earnings
In its recent earnings report, Block, Inc. posted revenue of $24.48 billion, reflecting a growth rate of 4.9%. The company achieved an EPS of $1.28, with a net margin of 3.3% and a return on equity of 3.7%. The next earnings announcement is scheduled for August 10, 2026.
Insider Buying and Selling at Block, Inc.
In addition to Amy Brooks, Mary Meeker and Neha Narula also purchased 3,682 shares each on June 16, 2026, without planned transactions. Meanwhile, Anthony Mathew Eisen sold 6,000 shares on June 16, 17, and 18, 2026, under a Rule 10b5-1 plan.
Analysts Set New Price Targets
On May 29, 2026, Morgan Stanley maintained its 'buy' rating with a price target of $98. Truist Securities reaffirmed its 'buy' rating with an $82 target on May 27, 2026. The consensus among analysts is a 'buy' rating, with a mean target price of $90.40 based on 40 analyst opinions.
About Block, Inc.
Block, Inc., headquartered in Oakland, California, is a technology company that provides a wide range of financial products and services. It operates through two main segments: Square and Cash App. The Square segment offers payment services, software solutions, and various financial services, while Cash App provides peer-to-peer payments and investment services. The company is led by CEO Jack Dorsey and employs over 10,000 people.
Bottom Line
Amy Brooks's recent purchase of Block, Inc. shares highlights ongoing insider interest in the company. Investors keep a close eye on insider transactions as they may provide insights into company prospects. With a positive earnings outlook and strong institutional support, Block, Inc. remains a stock to watch. However, remember that 13F filings and insider trades are historical and may not reflect current positions.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.
