Liontrust Investment Partners LLP Sells 118,115 Shares of Block, Inc. $XYZ

Liontrust Investment Partners LLP lessened its position in shares of Block, Inc. (NYSE:XYZ) by 95.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,110 shares of the technology company’s stock after selling 118,115 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Block were worth $308,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Allstate Corp increased its position in shares of Block by 91.9% during the fourth quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock worth $2,557,000 after buying an additional 18,812 shares during the period. Moran Wealth Management LLC lifted its holdings in Block by 37.3% in the fourth quarter. Moran Wealth Management LLC now owns 57,651 shares of the technology company’s stock valued at $3,753,000 after buying an additional 15,670 shares during the period. National Pension Service lifted its holdings in Block by 8.4% in the fourth quarter. National Pension Service now owns 833,124 shares of the technology company’s stock valued at $54,228,000 after buying an additional 64,674 shares during the period. Hsbc Holdings PLC boosted its position in Block by 7.2% during the fourth quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock valued at $79,749,000 after acquiring an additional 82,446 shares during the last quarter. Finally, Mawer Investment Management Ltd. bought a new stake in Block during the fourth quarter valued at $3,062,000. Institutional investors own 70.44% of the company’s stock.

Insider Activity

In related news, Director Anthony Mathew Eisen sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $82.22, for a total value of $493,320.00. Following the transaction, the director owned 1,631,672 shares of the company’s stock, valued at approximately $134,156,071.84. This trade represents a 0.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 43,348 shares of Block stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total value of $3,467,840.00. Following the transaction, the insider owned 557,654 shares of the company’s stock, valued at $44,612,320. This trade represents a 7.21% decrease in their position. 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. Over the last three months, insiders have sold 347,300 shares of company stock valued at $26,657,536. 11.37% of the stock is currently owned by insiders.

Block Stock Performance

NYSE XYZ opened at $81.22 on Friday. The company has a market cap of $48.34 billion, a P/E ratio of 63.45, a PEG ratio of 1.04 and a beta of 2.54. The company has a fifty day simple moving average of $75.70 and a 200 day simple moving average of $67.50. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $84.08.

Block (NYSE:XYZ) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The firm had revenue of $6.06 billion for the quarter. During the same quarter in the previous year, the company posted $0.56 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Sell-side analysts predict that Block, Inc. will post 2.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on XYZ. Jefferies Financial Group began coverage on Block in a research report on Tuesday, June 30th. They issued a “hold” rating for the company. Needham & Company LLC upped their target price on Block from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Robert W. Baird upped their target price on Block from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. Citigroup raised their target price on Block from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Finally, KeyCorp lifted their target price on Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $89.84.

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.