Block, Inc. $XYZ Stock Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. raised its stake in shares of Block, Inc. (NYSE:XYZ) by 10.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 95,310 shares of the technology company’s stock after purchasing an additional 9,099 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Block were worth $7,058,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Block in the second quarter valued at approximately $621,703,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Block by 528.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock worth $199,153,000 after buying an additional 2,782,523 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Block by 372.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 937,540 shares of the technology company’s stock worth $71,253,000 after buying an additional 739,264 shares during the period. Bank of America Corp DE bought a new stake in shares of Block during the 2nd quarter worth $23,531,000. Finally, Engineers Gate Manager LP grew its stake in Block by 2,575.4% in the 2nd quarter. Engineers Gate Manager LP now owns 571,414 shares of the technology company’s stock valued at $43,427,000 after buying an additional 550,056 shares during the last quarter. Institutional investors own 70.44% of the company’s stock.

Trending Headlines about Block

Here are the key news stories impacting Block this week:

• Positive Sentiment: Analysts raised their targets after Block’s results: Wells Fargo lifted its target to $110, Barclays to $105, and Argus to $105, with each maintaining a favorable rating. Wells Fargo rating Barclays rating Argus rating
• Positive Sentiment: Block’s third-quarter adjusted EPS of $1.13 beat estimates, supported by Cash App lending and Square growth. Gross profit rose 22% to $3.24 billion, and the company raised its 2026 outlook—evidence of stronger profitability and momentum across both businesses. Block earnings and outlook
• Neutral Sentiment: Analyst views remain mixed: several firms raised targets, while Morgan Stanley maintained an Equal Weight rating with an $82 target, and Citizens JMP initiated coverage at Hold.
• Negative Sentiment: Block is reportedly making a second round of job cuts this year, affecting Cash App employees. The reductions may signal cost discipline, but could also raise questions about operations and growth plans. Report on Block job cuts
• Negative Sentiment: A separate report says Block set aside about $764 million tied to a preliminary Justice Department money-laundering-controls settlement. The potential cash and compliance costs remain a risk even as operating results improve. Report on Justice Department probe

Block Price Performance

Shares of Block stock opened at $84.07 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.23 and a quick ratio of 2.21. The company has a market cap of $50.51 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 0.92 and a beta of 2.58. The firm has a fifty day moving average price of $77.90 and a two-hundred day moving average price of $71.39. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $88.51.

Block (NYSE:XYZ) last posted its quarterly earnings data on Tuesday, November 3rd. The technology company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.45. Block had a net margin of 1.80% and a return on equity of 9.63%. The company had revenue of $6.72 billion for the quarter. During the same quarter in the previous year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts expect that Block, Inc. will post 2.75 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on XYZ. Piper Sandler lifted their target price on shares of Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Royal Bank Of Canada boosted their target price on shares of Block from $95.00 to $103.00 and gave the stock an “outperform” rating in a research report on Wednesday. Keefe, Bruyette & Woods upped their price target on shares of Block from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Canaccord Genuity Group upped their price target on shares of Block from $85.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, Scotiabank raised their price target on Block from $82.00 to $89.00 and gave the company a “sector perform” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $98.41.

Insider Buying and Selling at Block

In related news, Director Anthony Eisen sold 6,000 shares of the stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $74.44, for a total value of $446,640.00. Following the completion of the sale, the director owned 1,212,672 shares in the company, valued at approximately $90,271,303.68. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a 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. Insiders have sold a total of 226,686 shares of company stock valued at $17,861,807 in the last three months. 11.37% of the stock is currently owned by company insiders.

Block Profile

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.