TD Asset Management Inc Purchases 61,739 Shares of Block, Inc. $XYZ

TD Asset Management Inc raised its position in Block, Inc. (NYSE:XYZ) by 15.3% during the third quarter, Holdings Channel reports. The fund owned 466,514 shares of the technology company’s stock after acquiring an additional 61,739 shares during the period. TD Asset Management Inc’s holdings in Block were worth $33,715,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in shares of Block during the 2nd quarter valued at about $3,730,489,000. Sands Capital Management LLC bought a new stake in Block during the second quarter valued at approximately $702,446,000. Geode Capital Management LLC purchased a new stake in Block during the second quarter valued at approximately $634,721,000. Dragoneer Investment Group LLC bought a new position in Block in the second quarter worth approximately $627,233,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of Block during the 2nd quarter worth $535,305,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

Block Stock Performance

NYSE:XYZ opened at $63.77 on Friday. The stock has a 50-day moving average price of $61.27 and a 200 day moving average price of $68.22. The stock has a market capitalization of $38.75 billion, a P/E ratio of 30.37, a P/E/G ratio of 1.12 and a beta of 2.67. Block, Inc. has a 12-month low of $44.27 and a 12-month high of $82.50. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.25.

Block (NYSE:XYZ) last posted its quarterly earnings results on Thursday, February 26th. The technology company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.39. Block had a return on equity of 6.67% and a net margin of 5.40%.The company had revenue of $6.25 billion for the quarter. During the same period in the prior year, the firm posted $0.71 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts forecast that Block, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Block

In related news, CAO Ajmere Dale sold 1,173 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $65.09, for a total transaction of $76,350.57. Following the completion of the transaction, the chief accounting officer directly owned 98,412 shares of the company’s stock, valued at approximately $6,405,637.08. This trade represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Owen Britton Jennings sold 822 shares of Block stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $63.98, for a total transaction of $52,591.56. Following the completion of the sale, the insider owned 242,718 shares in the company, valued at approximately $15,529,097.64. This represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,797 shares of company stock worth $940,298 in the last three months. Insiders own 10.85% of the company’s stock.

Key Stories Impacting Block

Here are the key news stories impacting Block this week:

• Positive Sentiment: Management announced cuts of roughly 4,000 roles (nearly half the workforce) and said it will accelerate integrating AI to boost efficiency — a move investors interpreted as materially lowering future operating costs and improving margins. Reuters: Block shares soar as Dorsey leans on AI
• Positive Sentiment: Block reported Q4 results with EPS roughly in line with consensus and revenue up year-over-year (~$6.25B), and management raised 2026 outlook — the combination supported the rally. Zacks: Block Stock Soars
• Positive Sentiment: Multiple firms raised ratings/price targets (TD Cowen, Morgan Stanley, Needham, Oppenheimer, BTIG, Cantor Fitzgerald), signaling analyst confidence that the restructuring and AI investments boost long-term value. Benzinga roundup
• Neutral Sentiment: Macro headwinds and market volatility are present (weak futures / sector rotation), which could cap broader market upside even as Block-specific news drives the stock. Zacks: Oil Surges / Market Moves
• Negative Sentiment: The restructuring will incur substantial one-time costs (reported $450–$500M in severance and charges), which will weigh on near-term cash flow and reported results. WSJ: Layoff costs
• Negative Sentiment: Some analysts and commentators caution the boost from cuts and AI may not be durable; Seeking Alpha flagged a downgrade risk, and regulators/law firms (Halper Sadeh) are probing potential fiduciary issues — both represent execution and governance risks. Seeking Alpha: Downgrade concerns PR Newswire: Investor probe

Wall Street Analyst Weigh In

A number of brokerages recently commented on XYZ. Raymond James Financial raised Block to a “moderate buy” rating in a report on Friday. Citigroup reduced their price target on Block from $105.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $70.00 price objective on shares of Block in a research report on Friday. The Goldman Sachs Group cut their price objective on Block from $96.00 to $82.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Block from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, January 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.97.

Block Company Profile

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.