Block, Inc. $XYZ Shares Bought by Stephens Inc. AR

Stephens Inc. AR raised its stake in Block, Inc. (NYSE:XYZ) by 218.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,962 shares of the technology company’s stock after buying an additional 25,367 shares during the period. Stephens Inc. AR’s holdings in Block were worth $2,224,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of XYZ. Sound Income Strategies LLC boosted its stake 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 buying an additional 161 shares during the period. Rachor Investment Advisory Services LLC acquired a new stake in Block during the fourth quarter valued at $32,000. Cary Street Partners Investment Advisory LLC boosted its position in Block by 57.6% during the fourth 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 last quarter. Darwin Wealth Management LLC purchased a new position in Block in the second quarter valued at about $43,000. Finally, Strategic Advocates LLC purchased a new position in Block in the third quarter valued at about $47,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XYZ. Piper Sandler raised Block from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $58.00 to $100.00 in a research note on Monday, June 29th. Royal Bank Of Canada increased their price objective on Block from $90.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Weiss Ratings raised shares of Block from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Block to a “buy” rating in a research note on Tuesday, June 30th. Finally, Needham & Company LLC boosted their target price on shares of Block from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $87.91.

Block Stock Down 1.3%

XYZ stock opened at $76.53 on Thursday. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $82.50. 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 company has a market cap of $45.55 billion, a PE ratio of 59.79, a price-to-earnings-growth ratio of 0.98 and a beta of 2.54. The business’s 50-day simple moving average is $72.56 and its 200 day simple moving average is $65.95.

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

Insiders Place Their Bets

In other Block news, insider Brian Grassadonia sold 43,348 shares of Block stock in a transaction on 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 transaction, the insider directly owned 557,654 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 30,919 shares of the business’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total transaction of $2,318,925.00. Following the completion of the sale, the chief financial officer owned 500,816 shares in the company, valued at $37,561,200. This represents a 5.81% decrease in their position. 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. Insiders sold 345,219 shares of company stock worth $26,343,121 over the last three months. 11.37% of the stock is currently owned by corporate insiders.

Block Profile

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.