SEB Asset Management AB Takes Position in Block, Inc. $XYZ

SEB Asset Management AB purchased a new position in shares of Block, Inc. (NYSE:XYZ) in the first quarter, Holdings Channel.com reports. The fund purchased 115,366 shares of the technology company’s stock, valued at approximately $6,943,000.

Several other institutional investors have also recently made changes to their positions in XYZ. Swiss National Bank grew its position in Block by 6.7% in the first quarter. Swiss National Bank now owns 1,607,286 shares of the technology company’s stock worth $96,726,000 after acquiring an additional 101,300 shares during the period. Mediolanum International Funds Ltd purchased a new stake in Block in the first quarter valued at $238,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Block by 1,033.3% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 918 shares of the technology company’s stock valued at $55,000 after purchasing an additional 837 shares during the last quarter. Future Fund LLC lifted its stake in shares of Block by 26.2% in the 1st quarter. Future Fund LLC now owns 35,134 shares of the technology company’s stock valued at $2,114,000 after purchasing an additional 7,292 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Block by 13.8% during the 1st quarter. Assetmark Inc. now owns 4,423 shares of the technology company’s stock worth $266,000 after purchasing an additional 538 shares during the period. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Insider Transactions at Block

In related news, insider Brian Grassadonia sold 43,348 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total value of $3,467,840.00. Following the sale, the insider owned 557,654 shares of the company’s stock, valued at $44,612,320. This trade represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Mathew Eisen sold 135,750 shares of Block stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the completion of the transaction, the director owned 2,032,990 shares of the company’s stock, valued at $156,153,961.90. This represents a 6.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 323,300 shares of company stock valued at $24,742,756. 11.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. The Goldman Sachs Group raised Block from a “buy” rating to a “buy” rating in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft raised shares of Block to a “buy” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada increased their target price on shares of Block from $90.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Needham & Company LLC lifted their price target on shares of Block from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Canaccord Genuity Group upped their price objective on shares of Block from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Five analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.55.

Block Trading Up 1.3%

NYSE:XYZ opened at $80.29 on Wednesday. The firm has a market cap of $47.78 billion, a PE ratio of 62.72, a price-to-earnings-growth ratio of 1.00 and a beta of 2.54. The stock has a fifty day moving average price of $74.05 and a 200 day moving average price of $66.83. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $84.08. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.55. The company had revenue of $6.06 billion for the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.Block’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 EPS. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Sell-side analysts anticipate that Block, Inc. will post 2.48 earnings per share for the current fiscal year.

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.