Landscape Capital Management L.L.C. Takes Position in Block, Inc. $XYZ

Landscape Capital Management L.L.C. bought a new position in Block, Inc. (NYSE:XYZ) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 125,951 shares of the technology company’s stock, valued at approximately $4,796,000.

Other large investors also recently bought and sold shares of the company. Baird Financial Group Inc. bought a new stake in shares of Block in the 2nd quarter worth approximately $1,866,000. Brown Advisory Inc. purchased a new position in Block during the second quarter valued at $516,000. Jump Financial LLC bought a new stake in Block in the second quarter worth $385,000. Federated Hermes Inc. bought a new stake in Block in the second quarter worth $53,000. Finally, Cerity Partners LLC purchased a new stake in shares of Block in the second quarter worth $1,861,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Oppenheimer restated an “outperform” rating and set a $97.00 price target on shares of Block in a report on Thursday, August 6th. Jefferies Financial Group started coverage on shares of Block in a research report on Tuesday, June 30th. They set a “hold” rating on the stock. Piper Sandler lifted their target price on shares of Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Royal Bank Of Canada upped their target price on shares of Block from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, Canaccord Genuity Group increased their price target on shares of Block from $85.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.23.

Block Stock Performance

Shares of XYZ stock opened at $82.15 on Friday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average price of $78.74 and a 200-day moving average price of $69.16. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.75. The firm has a market capitalization of $49.35 billion, a PE ratio of 146.70, a P/E/G ratio of 0.90 and a beta of 2.53.

Block (NYSE:XYZ) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The company had revenue of $6.62 billion for the quarter. During the same quarter last year, the company earned $0.62 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts expect that Block, Inc. will post 2.69 earnings per share for the current year.

Insider Buying and Selling at Block

In other Block news, CFO Amrita Ahuja sold 8,971 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $85.85, for a total transaction of $770,160.35. Following the completion of the sale, the chief financial officer directly owned 454,275 shares in the company, valued at approximately $38,999,508.75. The trade was a 1.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 25,908 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $81.64, for a total value of $2,115,129.12. Following the transaction, the insider directly owned 531,746 shares in the company, valued at $43,411,743.44. The trade was a 4.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 461,070 shares of company stock worth $36,261,272. Insiders own 11.37% of the company’s stock.

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.