IFP Advisors Inc Raises Stake in Block, Inc. $XYZ

IFP Advisors Inc raised its stake in Block, Inc. (NYSE:XYZ) by 267.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 136,793 shares of the technology company’s stock after purchasing an additional 99,535 shares during the quarter. IFP Advisors Inc’s holdings in Block were worth $8,904,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC bought a new position in shares of Block during the third quarter valued at approximately $28,000. Sound Income Strategies LLC raised its holdings in shares of Block by 57.1% during the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock valued at $29,000 after acquiring an additional 161 shares in the last quarter. RMG Wealth Management LLC bought a new position in shares of Block during the third quarter valued at approximately $30,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Block during the third quarter valued at approximately $30,000. Finally, Rachor Investment Advisory Services LLC bought a new position in shares of Block during the fourth quarter valued at approximately $32,000. Institutional investors own 70.44% of the company’s stock.

Block Trading Down 2.1%

NYSE XYZ opened at $69.18 on Wednesday. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $82.50. The stock has a market cap of $41.17 billion, a P/E ratio of 54.04, a P/E/G ratio of 0.99 and a beta of 2.57. The stock’s fifty day moving average price is $65.50 and its 200-day moving average price is $63.82. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The company had revenue of $6.06 billion for the quarter. During the same period last year, the business earned $0.56 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. As a group, equities analysts forecast that Block, Inc. will post 2.23 EPS for the current fiscal year.

Insider Transactions at Block

In other news, insider Chrysty Esperanza sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total value of $225,000.00. Following the transaction, the insider owned 268,169 shares of the company’s stock, valued at $20,112,675. This trade represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 30,919 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total value of $2,318,925.00. Following the completion of the transaction, the chief financial officer directly owned 500,816 shares in the company, valued at $37,561,200. This trade 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 a total of 49,725 shares of company stock worth $3,401,393 in the last ninety days. Insiders own 11.37% of the company’s stock.

Wall Street Analyst Weigh In

XYZ has been the subject of a number of recent analyst reports. Loop Capital initiated coverage on Block in a report on Tuesday, March 31st. They set a “buy” rating and a $75.00 target price for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $91.00 price target on shares of Block in a research note on Friday, May 8th. Canaccord Genuity Group upped their price target on Block from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday. Citigroup upped their price target on Block from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada upped their price target on Block from $90.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Block currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.94.

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.