Prospera Financial Services Inc Lowers Stake in Block, Inc. $XYZ

Prospera Financial Services Inc reduced its holdings in shares of Block, Inc. (NYSE:XYZ) by 50.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,823 shares of the technology company’s stock after selling 6,923 shares during the period. Prospera Financial Services Inc’s holdings in Block were worth $444,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Jefferies Financial Group Inc. lifted its position in Block by 9.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 7,980 shares of the technology company’s stock valued at $519,000 after acquiring an additional 716 shares during the period. EverSource Wealth Advisors LLC lifted its position in 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 acquiring an additional 179 shares during the period. Keudell Morrison Wealth Management purchased a new position in Block during the 4th quarter valued at about $351,000. Axxcess Wealth Management LLC lifted its position in Block by 24.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 4,454 shares of the technology company’s stock valued at $290,000 after acquiring an additional 869 shares during the period. Finally, Global Retirement Partners LLC lifted its position in Block by 32.3% during the 4th quarter. Global Retirement Partners LLC now owns 5,733 shares of the technology company’s stock valued at $373,000 after acquiring an additional 1,401 shares during the period. 70.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Brian Grassadonia sold 8,166 shares of Block stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $68.01, for a total value of $555,369.66. Following the completion of the sale, the insider directly owned 601,002 shares in the company, valued at $40,874,146.02. The trade was a 1.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chrysty Esperanza sold 3,000 shares of Block stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total transaction of $225,000.00. Following the completion of the sale, the insider owned 268,169 shares of the company’s stock, valued at $20,112,675. This represents a 1.11% 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. Insiders sold a total of 49,485 shares of company stock valued at $3,573,346 over the last ninety days. 11.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on XYZ. Citigroup lifted their price target on shares of Block from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Loop Capital began coverage on shares of Block in a research report on Tuesday, March 31st. They set a “buy” rating and a $75.00 price target for the company. Keefe, Bruyette & Woods lifted their price target on shares of Block from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Truist Financial lifted their target price on shares of Block from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Royal Bank Of Canada lifted their target price on shares of Block from $90.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Block presently has a consensus rating of “Moderate Buy” and an average price target of $85.12.

Block Stock Up 1.8%

Shares of Block stock opened at $75.69 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a market capitalization of $45.05 billion, a PE ratio of 59.14, a price-to-earnings-growth ratio of 0.99 and a beta of 2.57. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $82.50. The company has a 50-day simple moving average of $66.96 and a two-hundred day simple moving average of $63.79.

Block (NYSE:XYZ) last issued its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.55. The business had revenue of $6.06 billion during 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% on a year-over-year basis. During the same period last year, the firm 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, analysts anticipate that Block, Inc. will post 2.42 EPS for the current fiscal year.

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.