Block, Inc. $XYZ Position Raised by Capital World Investors

Capital World Investors raised its stake in Block, Inc. (NYSE:XYZ) by 41.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 16,023,441 shares of the technology company’s stock after buying an additional 4,727,217 shares during the quarter. Capital World Investors’ holdings in Block were worth $1,042,966,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC bought a new stake in Block in the fourth quarter valued at $156,000. Eurizon Asset Management Hungary Ltd. bought a new stake in shares of Block during the fourth quarter valued at about $976,000. FLC Capital Advisors bought a new stake in shares of Block during the fourth quarter valued at about $517,000. Parallel Advisors LLC raised its stake in shares of Block by 38.8% during the fourth quarter. Parallel Advisors LLC now owns 7,340 shares of the technology company’s stock valued at $478,000 after purchasing an additional 2,051 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of Block during the fourth quarter valued at about $402,000. 70.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Brian Grassadonia sold 8,166 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $68.01, for a total value of $555,369.66. Following the completion of the sale, the insider owned 601,002 shares of the company’s stock, valued at approximately $40,874,146.02. The trade was a 1.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 30,919 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total value of $2,318,925.00. Following the completion of the sale, the chief financial officer owned 500,816 shares of the company’s stock, valued at approximately $37,561,200. This trade represents a 5.81% 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 have sold a total of 181,680 shares of company stock worth $13,774,881 in the last quarter. Corporate insiders own 11.37% of the company’s stock.

Block Price Performance

NYSE XYZ opened at $68.25 on Monday. The stock’s 50-day moving average price is $68.17 and its two-hundred day moving average price is $64.09. 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 company has a market cap of $40.62 billion, a PE ratio of 53.32, a PEG ratio of 0.88 and a beta of 2.56. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $82.50.

Block (NYSE:XYZ) last posted its quarterly earnings data 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. Block had a return on equity of 7.02% and a net margin of 3.30%.The firm had revenue of $6.06 billion for the quarter. During the same quarter in the previous year, the firm posted $0.56 EPS. Block’s quarterly revenue was up 4.9% on a year-over-year basis. 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 predict that Block, Inc. will post 2.42 EPS for the current year.

Wall Street Analysts Forecast Growth

XYZ has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Block from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Block from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. BTIG Research restated a “buy” rating and set a $90.00 price objective on shares of Block in a research note on Friday, May 8th. Piper Sandler lifted their price objective on shares of Block from $51.00 to $58.00 and gave the company an “underweight” rating in a research note on Friday, May 8th. Finally, Needham & Company LLC lifted their price objective on shares of Block from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.12.

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.