Greenland Capital Management LP Acquires Shares of 6,827 Block, Inc. $XYZ

Greenland Capital Management LP acquired a new position in shares of Block, Inc. (NYSE:XYZ) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,827 shares of the technology company’s stock, valued at approximately $519,000.

Other institutional investors also recently made changes to their positions in the company. Allstate Corp boosted its stake in Block by 91.9% during the 4th quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock valued at $2,557,000 after acquiring an additional 18,812 shares during the last quarter. National Pension Service increased its position in shares of Block by 8.4% in the 4th quarter. National Pension Service now owns 833,124 shares of the technology company’s stock worth $54,228,000 after purchasing an additional 64,674 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Block by 7.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock worth $79,749,000 after purchasing an additional 82,446 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Block in the 2nd quarter valued at about $366,000. Finally, Mawer Investment Management Ltd. acquired a new stake in shares of Block in the 4th quarter valued at about $3,062,000. 70.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Block

In related news, insider Brian Grassadonia sold 43,348 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the completion of the transaction, the insider directly owned 557,654 shares in the company, valued at $44,612,320. This represents a 7.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Eisen sold 41,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $85.85, for a total value of $3,519,850.00. Following the completion of the sale, the director directly owned 1,566,672 shares in the company, valued at $134,498,791.20. This represents a 2.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 378,006 shares of company stock worth $30,286,001 in the last 90 days. 11.37% of the stock is currently owned by company insiders.

Block Stock Performance

Shares of NYSE XYZ opened at $82.83 on Tuesday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $80.45 and its two-hundred day moving average price is $71.45. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $86.92. The stock has a market capitalization of $49.76 billion, a P/E ratio of 147.91, a P/E/G ratio of 0.87 and a beta of 2.52.

Block (NYSE:XYZ) last posted its earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.48 by $0.54. The company had revenue of $6.62 billion during the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, sell-side analysts forecast that Block, Inc. will post 2.72 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Argus lifted their price target on Block from $86.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Morgan Stanley restated an “overweight” rating on shares of Block in a research note on Wednesday, August 5th. Oppenheimer reiterated an “outperform” rating and issued a $97.00 target price on shares of Block in a research report on Thursday, August 6th. Piper Sandler boosted their price target on Block from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods upped their price target on Block from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Block has an average rating of “Moderate Buy” and a consensus price target of $95.42.

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.