Carmignac Gestion Has $194.61 Million Holdings in Block, Inc. $XYZ

Carmignac Gestion lessened its position in Block, Inc. (NYSE:XYZ) by 5.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,233,826 shares of the technology company’s stock after selling 184,000 shares during the quarter. Block makes up about 3.0% of Carmignac Gestion’s investment portfolio, making the stock its 10th largest holding. Carmignac Gestion owned about 0.54% of Block worth $194,612,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Capital World Investors lifted its position in Block by 41.8% during the fourth quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock valued at $1,042,966,000 after buying an additional 4,727,217 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Block by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock valued at $934,121,000 after buying an additional 67,560 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Block in the 2nd quarter worth about $535,305,000. Norges Bank purchased a new stake in shares of Block in the 4th quarter worth about $484,387,000. Finally, Tiger Global Management LLC increased its stake in shares of Block by 43.9% in the 4th quarter. Tiger Global Management LLC now owns 6,364,840 shares of the technology company’s stock worth $414,287,000 after acquiring an additional 1,941,528 shares in the last quarter. 70.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. KeyCorp boosted their price objective on shares of Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Clear Str raised shares of Block to a “hold” rating in a research note on Thursday, July 16th. Royal Bank Of Canada lifted their target price on shares of Block from $90.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, May 8th. The Goldman Sachs Group raised Block from a “buy” rating to a “buy” rating in a research report on Tuesday, June 30th. Finally, Truist Financial upped their price target on Block from $82.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Block presently has a consensus rating of “Moderate Buy” and an average target price of $89.84.

Block Stock Performance

Shares of XYZ stock opened at $81.22 on Monday. The company has a market capitalization of $48.34 billion, a price-to-earnings ratio of 63.45, a price-to-earnings-growth ratio of 1.02 and a beta of 2.54. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. Block, Inc. has a one year low of $48.21 and a one year high of $84.08. The company’s 50-day moving average is $75.70 and its 200 day moving average is $67.48.

Block (NYSE:XYZ) last issued its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.55. The business had revenue of $6.06 billion during the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.56 earnings per share. 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 expect that Block, Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity at Block

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