Block, Inc. $XYZ Stock Position Increased by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Block, Inc. (NYSE:XYZ) by 0.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,406,899 shares of the technology company’s stock after buying an additional 67,560 shares during the period. Geode Capital Management LLC’s holdings in Block were worth $934,121,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Howard Capital Management Inc. lifted its stake in Block by 3.2% during the third quarter. Howard Capital Management Inc. now owns 4,439 shares of the technology company’s stock valued at $321,000 after buying an additional 138 shares in the last quarter. Sound Income Strategies LLC raised 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 purchasing an additional 161 shares during the period. Jones Financial Companies Lllp raised 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 valued at $1,561,000 after purchasing an additional 167 shares during the period. EverSource Wealth Advisors LLC raised its stake in Block by 33.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock valued at $46,000 after purchasing an additional 179 shares during the period. Finally, Rothschild Investment LLC raised its stake in Block by 59.7% during the 3rd quarter. Rothschild Investment LLC now owns 495 shares of the technology company’s stock valued at $36,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 70.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. BTIG Research reissued a “buy” rating and set a $90.00 target price on shares of Block in a research note on Friday, May 8th. Cantor Fitzgerald boosted their target price on shares of Block from $78.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Zacks Research lowered Block from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Arete Research upgraded Block from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Finally, Royal Bank Of Canada raised their price objective on Block from $90.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Block presently has a consensus rating of “Moderate Buy” and an average price target of $85.12.

Insider Buying and Selling at Block

In other Block news, insider Brian Grassadonia sold 8,166 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $68.01, for a total value of $555,369.66. Following the completion of the sale, the insider directly owned 601,002 shares of the company’s stock, valued at $40,874,146.02. The trade was a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Owen Britton Jennings sold 1,316 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 479,662 shares of the company’s stock, valued at $32,876,033.48. This represents a 0.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 49,485 shares of company stock valued at $3,573,346. 11.37% of the stock is currently owned by insiders.

Block Stock Performance

Shares of XYZ stock opened at $75.69 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market cap of $45.05 billion, a P/E ratio of 59.14, a PEG ratio of 0.97 and a beta of 2.57. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $82.50. The stock’s 50-day moving average is $66.96 and its two-hundred day moving average is $63.79.

Block (NYSE:XYZ) last posted its earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.30 by $0.55. The company 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%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Analysts predict that Block, Inc. will post 2.4 earnings per share for the current fiscal year.

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.