Mitsubishi UFJ Asset Management Co. Ltd. Grows Holdings in Block, Inc. $XYZ

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Block, Inc. (NYSE:XYZ) by 128.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,100,890 shares of the technology company’s stock after buying an additional 618,363 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.18% of Block worth $79,561,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. AlphaQuest LLC acquired a new position in shares of Block during the 2nd quarter valued at about $207,000. Brighton Jones LLC acquired a new position in shares of Block during the second quarter worth about $319,000. Envestnet Asset Management Inc. purchased a new position in Block in the 2nd quarter worth approximately $17,156,000. Teacher Retirement System of Texas acquired a new stake in Block during the 2nd quarter valued at $5,769,000. Finally, Howard Capital Management Inc. purchased a new stake in shares of Block during the second quarter worth about $292,000. 70.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Block

In other Block news, CAO Ajmere Dale sold 1,173 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $65.09, for a total value of $76,350.57. Following the transaction, the chief accounting officer owned 98,412 shares of the company’s stock, valued at approximately $6,405,637.08. This represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Owen Britton Jennings sold 822 shares of Block stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $63.98, for a total transaction of $52,591.56. Following the completion of the transaction, the insider directly owned 242,718 shares in the company, valued at approximately $15,529,097.64. This trade represents a 0.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 16,797 shares of company stock worth $940,298. 10.85% of the stock is owned by corporate insiders.

Block Trading Up 17.0%

Shares of NYSE:XYZ opened at $63.77 on Friday. Block, Inc. has a fifty-two week low of $44.27 and a fifty-two week high of $82.50. The company has a market cap of $38.75 billion, a PE ratio of 30.37, a P/E/G ratio of 1.12 and a beta of 2.67. The company’s 50-day moving average price is $61.27 and its 200 day moving average price is $68.22. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.25.

Block (NYSE:XYZ) last announced its earnings results on Thursday, February 26th. The technology company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.39. The firm had revenue of $6.25 billion for the quarter. Block had a return on equity of 6.67% and a net margin of 5.40%.The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. Sell-side analysts anticipate that Block, Inc. will post 2.54 earnings per share for the current year.

Block News Summary

Here are the key news stories impacting Block this week:

• Positive Sentiment: Management announced cuts of roughly 4,000 roles (nearly half the workforce) and said it will accelerate integrating AI to boost efficiency — a move investors interpreted as materially lowering future operating costs and improving margins. Reuters: Block shares soar as Dorsey leans on AI
• Positive Sentiment: Block reported Q4 results with EPS roughly in line with consensus and revenue up year-over-year (~$6.25B), and management raised 2026 outlook — the combination supported the rally. Zacks: Block Stock Soars
• Positive Sentiment: Multiple firms raised ratings/price targets (TD Cowen, Morgan Stanley, Needham, Oppenheimer, BTIG, Cantor Fitzgerald), signaling analyst confidence that the restructuring and AI investments boost long-term value. Benzinga roundup
• Neutral Sentiment: Macro headwinds and market volatility are present (weak futures / sector rotation), which could cap broader market upside even as Block-specific news drives the stock. Zacks: Oil Surges / Market Moves
• Negative Sentiment: The restructuring will incur substantial one-time costs (reported $450–$500M in severance and charges), which will weigh on near-term cash flow and reported results. WSJ: Layoff costs
• Negative Sentiment: Some analysts and commentators caution the boost from cuts and AI may not be durable; Seeking Alpha flagged a downgrade risk, and regulators/law firms (Halper Sadeh) are probing potential fiduciary issues — both represent execution and governance risks. Seeking Alpha: Downgrade concerns PR Newswire: Investor probe

Wall Street Analyst Weigh In

XYZ has been the topic of a number of research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $70.00 price objective on shares of Block in a research note on Friday. BTIG Research restated a “buy” rating and issued a $90.00 target price on shares of Block in a research note on Friday. TD Cowen lifted their price target on Block from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday. BNP Paribas Exane upgraded Block from a “hold” rating to an “outperform” rating and set a $83.00 price objective on the stock in a research note on Wednesday, January 7th. Finally, Stephens reaffirmed an “overweight” rating and set a $95.00 target price on shares of Block in a report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.97.

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.