Whetstone Capital Advisors LLC Takes Position in Block, Inc. $XYZ

Whetstone Capital Advisors LLC acquired a new stake in shares of Block, Inc. (NYSE:XYZ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 115,354 shares of the technology company’s stock, valued at approximately $7,508,000. Block comprises about 2.3% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 12th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC raised its stake 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 during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Block by 33.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock valued at $46,000 after buying an additional 179 shares during the period. Rothschild Investment LLC increased its position in shares of Block by 59.7% during the third quarter. Rothschild Investment LLC now owns 495 shares of the technology company’s stock valued at $36,000 after buying an additional 185 shares during the period. Legacy Financial Advisors Inc. increased its position in shares of Block by 4.9% during the third quarter. Legacy Financial Advisors Inc. now owns 3,938 shares of the technology company’s stock valued at $285,000 after buying an additional 185 shares during the period. Finally, Merit Financial Group LLC increased its position in shares of Block by 3.7% during the fourth quarter. Merit Financial Group LLC now owns 5,270 shares of the technology company’s stock valued at $343,000 after buying an additional 188 shares during the period. 70.44% of the stock is owned by institutional investors.

Block Stock Down 0.0%

Shares of Block stock opened at $69.49 on Monday. The company has a market cap of $41.36 billion, a price-to-earnings ratio of 54.29, a price-to-earnings-growth ratio of 0.90 and a beta of 2.56. The company’s 50 day moving average is $69.20 and its 200 day moving average is $64.36. Block, Inc. has a twelve month low of $48.21 and a twelve month 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.

Block (NYSE:XYZ) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $0.56 EPS. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Research analysts anticipate that Block, Inc. will post 2.42 EPS for the current year.

Insider Activity at Block

In other Block news, insider Chrysty Esperanza sold 3,000 shares of the stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total value of $225,000.00. Following the transaction, the insider directly owned 268,169 shares in the company, valued at approximately $20,112,675. This trade represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Owen Britton Jennings sold 1,316 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $68.54, for a total transaction of $90,198.64. Following the completion of the transaction, the insider owned 479,662 shares in the company, valued at $32,876,033.48. The trade was a 0.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 199,680 shares of company stock valued at $15,009,081 over the last quarter. 11.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XYZ. Weiss Ratings upgraded shares of Block from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. BTIG Research restated a “buy” rating and issued a $90.00 price objective on shares of Block in a report on Friday, May 8th. Raymond James Financial upgraded shares of Block to a “moderate buy” rating in a report on Friday, February 27th. Citigroup upped their price objective on shares of Block from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Block from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Four analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Block has an average rating of “Moderate Buy” and a consensus target price of $85.42.

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.