6,827 Shares in Block, Inc. $XYZ Acquired by Greenland Capital Management LP

Greenland Capital Management LP bought a new stake in Block, Inc. (NYSE:XYZ) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,827 shares of the technology company’s stock, valued at approximately $519,000.

Several other hedge funds have also recently added to or reduced their stakes in XYZ. Elevation Wealth Partners LLC grew its stake in shares of Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after purchasing an additional 292 shares in the last quarter. Global Assets Advisory LLC acquired a new position in shares of Block during the first quarter valued at $31,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of 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 in the last quarter. Osbon Capital Management LLC acquired a new stake in Block in the fourth quarter worth about $43,000. Finally, Darwin Wealth Management LLC acquired a new stake in Block in the second quarter worth about $43,000. Institutional investors own 70.44% of the company’s stock.

Insider Buying and Selling

In related news, insider Brian Grassadonia sold 8,173 shares of Block stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $82.42, for a total value of $673,618.66. Following the transaction, the insider owned 513,981 shares of the company’s stock, valued at approximately $42,362,314.02. This trade represents a 1.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 9,511 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $82.43, for a total value of $783,991.73. Following the sale, the chief financial officer owned 423,262 shares in the company, valued at approximately $34,889,486.66. The trade was a 2.20% 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 378,006 shares of company stock valued at $30,286,001 over the last ninety days. 11.37% of the stock is currently owned by company insiders.

Block Trading Up 0.1%

Shares of NYSE:XYZ opened at $82.83 on Tuesday. The stock has a market capitalization of $49.76 billion, a price-to-earnings ratio of 147.91, a PEG ratio of 0.87 and a beta of 2.52. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The company has a 50 day moving average price of $80.45 and a 200 day moving average price of $71.45.

Block (NYSE:XYZ) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The company had revenue of $6.62 billion for the quarter. During the same period in the prior year, the company posted $0.62 EPS. Block’s quarterly revenue was up 9.3% on a year-over-year basis. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. On average, research analysts anticipate that Block, Inc. will post 2.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

XYZ has been the topic of several research analyst reports. Robert W. Baird set a $105.00 target price on shares of Block in a research note on Thursday, August 6th. Keefe, Bruyette & Woods upped their price target on shares of Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Truist Financial increased their price objective on shares of Block from $82.00 to $93.00 and gave the company a “buy” rating in a report on Friday, July 24th. Rosenblatt Securities set a $100.00 target price on Block in a report on Tuesday, June 30th. Finally, Jefferies Financial Group began coverage on Block in a research report on Tuesday, June 30th. They issued a “hold” rating for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $95.42.

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.