Syon Capital LLC Lowers Stock Holdings in Block, Inc. $XYZ

Syon Capital LLC decreased its position in shares of Block, Inc. (NYSE:XYZ) by 8.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 358,656 shares of the technology company’s stock after selling 33,958 shares during the quarter. Block makes up 1.2% of Syon Capital LLC’s holdings, making the stock its 23rd largest holding. Syon Capital LLC’s holdings in Block were worth $23,345,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Sound Income Strategies LLC lifted its stake in shares of Block by 57.1% during the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock valued at $29,000 after buying an additional 161 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Block by 0.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 21,183 shares of the technology company’s stock valued at $1,561,000 after buying an additional 167 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Block by 33.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock valued at $46,000 after buying an additional 179 shares in the last quarter. Rothschild Investment LLC lifted its stake in shares of Block by 59.7% during the 3rd quarter. Rothschild Investment LLC now owns 495 shares of the technology company’s stock valued at $36,000 after buying an additional 185 shares in the last quarter. Finally, Legacy Financial Advisors Inc. lifted its stake in shares of Block by 4.9% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 3,938 shares of the technology company’s stock valued at $285,000 after buying an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on XYZ. Zacks Research cut shares of Block from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Truist Financial boosted their price target on shares of Block from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Canaccord Genuity Group boosted their price target on shares of Block from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Piper Sandler boosted their price target on shares of Block from $51.00 to $58.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. Finally, BTIG Research reiterated a “buy” rating and issued a $90.00 price target on shares of Block in a research note on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.12.

Insider Activity

In other news, insider Chrysty Esperanza sold 3,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total transaction of $225,000.00. Following the sale, the insider directly owned 268,169 shares in the company, valued at approximately $20,112,675. This represents a 1.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 8,166 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $68.01, for a total transaction of $555,369.66. Following the sale, the insider owned 601,002 shares in the company, valued at $40,874,146.02. This represents a 1.34% 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. In the last three months, insiders sold 181,680 shares of company stock worth $13,774,881. 11.37% of the stock is owned by insiders.

Block Stock Down 3.7%

Shares of NYSE XYZ opened at $68.25 on Friday. The firm’s 50-day moving average price is $68.17 and its 200-day moving average price is $64.06. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $40.62 billion, a price-to-earnings ratio of 53.32, a P/E/G ratio of 0.88 and a beta of 2.56. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $82.50.

Block (NYSE:XYZ) last announced its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.55. The firm had revenue of $6.06 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, equities research analysts anticipate that Block, Inc. will post 2.42 EPS for the current fiscal year.

Block 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.