EP Wealth Advisors LLC Takes $420,000 Position in Block, Inc. $XYZ

EP Wealth Advisors LLC purchased a new stake in shares of Block, Inc. (NYSE:XYZ) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,031 shares of the technology company’s stock, valued at approximately $420,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Elevation Wealth Partners LLC boosted its holdings in shares of Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after acquiring an additional 292 shares during the period. Rachor Investment Advisory Services LLC bought a new stake in shares of Block during the 4th quarter valued at $32,000. Global Assets Advisory LLC bought a new stake in shares of Block during the 1st quarter valued at $31,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of Block by 57.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after purchasing an additional 223 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in Block during the 2nd quarter worth about $43,000. 70.44% of the stock is owned by institutional investors.

Insider Transactions at Block

In related news, insider Brian Grassadonia sold 43,348 shares of the firm’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 sale, the insider directly owned 557,654 shares of the company’s stock, valued at $44,612,320. This trade represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 135,750 shares of Block stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the sale, the director owned 2,032,990 shares of the company’s stock, valued at approximately $156,153,961.90. The trade was a 6.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 495,756 shares of company stock valued at $39,090,259. 11.37% of the stock is owned by corporate insiders.

Block Price Performance

NYSE:XYZ opened at $82.73 on Wednesday. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $86.75. The stock has a fifty day moving average of $79.05 and a 200 day moving average of $69.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a market capitalization of $49.70 billion, a price-to-earnings ratio of 147.72, a P/E/G ratio of 0.91 and a beta of 2.53.

Block (NYSE:XYZ) last announced its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The business had revenue of $6.62 billion for the quarter. During the same quarter in the prior year, the company earned $0.62 earnings per share. Block’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, research analysts expect that Block, Inc. will post 2.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

XYZ has been the subject of a number of recent analyst reports. UBS Group lifted their target price on Block from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 6th. TD Cowen increased 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. Craig Hallum started coverage on shares of Block in a report on Tuesday, June 30th. They issued a “buy” rating on the stock. Clear Str upgraded shares of Block to a “hold” rating in a research report on Thursday, July 16th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $97.00 price objective on shares of Block in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Block presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.84.

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.