Nykredit A S Makes New Investment in Block, Inc. $XYZ

Nykredit A S acquired a new stake in Block, Inc. (NYSE:XYZ) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 174,886 shares of the technology company’s stock, valued at approximately $13,291,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Block in the 2nd quarter worth about $621,703,000. Capital World Investors increased its holdings in Block by 41.8% during the fourth quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock worth $1,042,966,000 after buying an additional 4,727,217 shares during the last quarter. Geode Capital Management LLC increased its holdings in Block by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock worth $934,121,000 after buying an additional 67,560 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in Block in the second quarter worth about $535,305,000. Finally, Norges Bank bought a new stake in Block in the fourth quarter worth about $484,387,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

Block Stock Down 0.6%

XYZ opened at $82.83 on Friday. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $86.92. The company has a market cap of $49.76 billion, a PE ratio of 147.91, a price-to-earnings-growth ratio of 0.88 and a beta of 2.52. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average of $80.35 and a 200 day moving average of $71.08.

Block (NYSE:XYZ) last issued its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. The business had revenue of $6.62 billion for the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. During the same period in the previous year, the firm earned $0.62 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. 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, sell-side analysts expect that Block, Inc. will post 2.72 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on XYZ. Weiss Ratings upgraded shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. TD Cowen lifted their price target on shares of Block from $101.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Truist Financial upped their price objective on Block from $82.00 to $93.00 and gave the company a “buy” rating in a research note on Friday, July 24th. BMO Capital Markets increased their price objective on Block from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Block in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.42.

Insider Buying and Selling

In related news, insider Owen Jennings sold 1,317 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $81.48, for a total transaction of $107,309.16. Following the sale, the insider owned 460,128 shares of the company’s stock, valued at approximately $37,491,229.44. This represents a 0.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 firm’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 completion of the transaction, the chief financial officer owned 423,262 shares of the company’s stock, valued at approximately $34,889,486.66. This represents a 2.20% decrease in their position. 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 90 days, insiders have sold 384,006 shares of company stock valued at $30,695,321. 11.37% of the stock is owned by company insiders.

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.