Block, Inc. $XYZ Shares Sold by Swedbank AB

Swedbank AB lessened its stake in shares of Block, Inc. (NYSE:XYZ) by 53.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,937 shares of the technology company’s stock after selling 39,405 shares during the quarter. Swedbank AB’s holdings in Block were worth $2,042,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sound Income Strategies LLC grew its position in shares of Block by 57.1% in 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 last quarter. Rachor Investment Advisory Services LLC acquired a new stake in Block during the 4th quarter worth $32,000. Cary Street Partners Investment Advisory LLC lifted its position in Block by 57.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after acquiring an additional 223 shares during the last quarter. Osbon Capital Management LLC purchased a new stake in Block in the fourth quarter valued at $43,000. Finally, Darwin Wealth Management LLC acquired a new position in Block in the second quarter valued at $43,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Analysts Set New Price Targets

XYZ has been the topic of several research reports. Keefe, Bruyette & Woods raised their price objective on Block from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Piper Sandler raised Block from an “underweight” rating to an “overweight” rating and boosted their target price for the company from $58.00 to $100.00 in a report on Monday, June 29th. Rosenblatt Securities set a $100.00 target price on Block in a research report on Tuesday, June 30th. Oppenheimer downgraded Block from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Finally, Needham & Company LLC lifted their price target on Block from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $87.91.

Key Stories Impacting Block

Here are the key news stories impacting Block this week:

• Positive Sentiment: Block was upgraded to a Zacks Rank #1 (Strong Buy), reflecting improved earnings optimism and adding to recent bullish momentum for the stock. Block (XYZ) Upgraded to Strong Buy: Here’s What You Should Know
• Positive Sentiment: Barclays upgraded Block to “strong-buy,” reinforcing the recent analyst-positive tone around the shares. Tickerreport.com
• Positive Sentiment: Block was added to multiple Zacks Strong Buy and momentum/value watchlists, which may support investor sentiment in the near term. Best Momentum Stocks to Buy for July 9th
• Positive Sentiment: Analysts continue to raise targets and maintain bullish views, including a recent move by Morgan Stanley to $98 and an overall “Moderate Buy” consensus. Block’s Pivot to Profits and AI Is Turning Heads
• Neutral Sentiment: Block’s consumer lending business is growing, with Cash App Borrow and Afterpay helping originations and gross profit, but rising credit losses remain a key offsetting risk. Block’s Consumer Lending Strengthening: Can it Offset Credit Risks?
• Negative Sentiment: Block agreed to pay $45 million to settle a 46-state probe over Cash App fraud protection and resolution practices, adding legal and regulatory pressure. Block reaches $45M settlement with 46 states over Cash App fraud probe
• Negative Sentiment: Recent insider sales by director Anthony Mathew Eisen and another executive may weigh on sentiment, even though the trades were made under a pre-arranged plan. MarketBeat Week in Review – 05/18 – 05/22

Insider Activity

In other news, insider Brian Grassadonia sold 43,348 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the transaction, the insider directly owned 557,654 shares in the company, valued at $44,612,320. The trade was a 7.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 6,000 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $76.66, for a total transaction of $459,960.00. Following the transaction, the director owned 1,856,672 shares in the company, valued at approximately $142,332,475.52. This trade represents a 0.32% 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. In the last ninety days, insiders sold 345,219 shares of company stock worth $26,343,121. Insiders own 11.37% of the company’s stock.

Block Stock Performance

Shares of NYSE XYZ traded down $0.10 during mid-day trading on Friday, hitting $77.32. 3,660,600 shares of the company were exchanged, compared to its average volume of 5,509,826. The stock has a 50 day simple moving average of $72.88 and a 200-day simple moving average of $66.11. Block, Inc. has a 1-year low of $48.21 and a 1-year 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 firm has a market cap of $46.02 billion, a price-to-earnings ratio of 60.41, a price-to-earnings-growth ratio of 0.98 and a beta of 2.54.

Block (NYSE:XYZ) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.55. The company had revenue of $6.06 billion for the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. On average, sell-side analysts forecast that Block, Inc. will post 2.48 EPS for the current fiscal year.

Block Company 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.