Block, Inc. $XYZ Shares Sold by National Pension Service

National Pension Service cut its stake in shares of Block, Inc. (NYSE:XYZ) by 1.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 936,971 shares of the technology company’s stock after selling 11,104 shares during the period. National Pension Service’s holdings in Block were worth $71,210,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elevation Wealth Partners LLC raised its position in shares of Block by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after buying an additional 292 shares during the period. Global Assets Advisory LLC purchased a new stake in Block during the first quarter valued at about $31,000. Cary Street Partners Investment Advisory LLC grew its position in Block by 57.6% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after acquiring an additional 223 shares during the period. Osbon Capital Management LLC acquired a new stake in Block during the fourth quarter worth about $43,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of Block in the 2nd quarter worth about $43,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

XYZ has been the topic of several research analyst reports. Clear Str raised Block to a “hold” rating in a research note on Thursday, July 16th. Jefferies Financial Group started coverage on shares of Block in a report on Tuesday, June 30th. They issued a “hold” rating on the stock. BMO Capital Markets raised their price target on shares of Block from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. Scotiabank started coverage on shares of Block in a research report on Wednesday, September 2nd. They set a “sector perform” rating and a $82.00 price target on the stock. Finally, Canaccord Genuity Group boosted their price objective on shares of Block from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.42.

Insider Activity

In other Block news, Director Anthony Eisen sold 41,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $85.85, for a total value of $3,519,850.00. Following the transaction, the director owned 1,566,672 shares in the company, valued at $134,498,791.20. The trade was a 2.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 9,511 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $82.43, for a total transaction of $783,991.73. Following the completion of the transaction, the chief financial officer directly owned 423,262 shares of the company’s stock, valued at approximately $34,889,486.66. The trade was a 2.20% decrease in their ownership of the stock. 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 sold 378,006 shares of company stock worth $30,430,901. 11.37% of the stock is currently owned by company insiders.

Block Stock Performance

Shares of NYSE:XYZ opened at $79.25 on Friday. The business’s 50-day simple moving average is $80.59 and its 200 day simple moving average is $72.06. The company has a market cap of $47.61 billion, a P/E ratio of 141.52, a PEG ratio of 0.83 and a beta of 2.52. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. Block, Inc. has a one year low of $48.21 and a one year high of $86.92.

Block (NYSE:XYZ) last released its quarterly 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 firm had revenue of $6.62 billion during the quarter. During the same quarter in the prior year, the company earned $0.62 EPS. The firm’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, sell-side analysts forecast that Block, Inc. will post 2.74 earnings per share for the current fiscal year.

Block Company Profile

Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.

Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.

Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.