Old Mission Investment Co LLC Invests $1.51 Million in Block, Inc. $XYZ

Old Mission Investment Co LLC purchased a new position in shares of Block, Inc. (NYSE:XYZ) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 19,906 shares of the technology company’s stock, valued at approximately $1,513,000.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Block in the second quarter worth approximately $621,703,000. Capital World Investors grew its position in Block by 41.8% in the fourth quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock worth $1,042,966,000 after acquiring an additional 4,727,217 shares in the last quarter. Geode Capital Management LLC grew its position in Block by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock worth $934,121,000 after acquiring an additional 67,560 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Block during the 2nd quarter worth $535,305,000. Finally, Norges Bank acquired a new position in shares of Block during the 4th quarter worth $484,387,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Block Price Performance

NYSE XYZ opened at $82.83 on Friday. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.92. The company has a fifty day simple moving average of $80.35 and a 200 day simple moving average of $71.08. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The company has a market cap of $49.76 billion, a P/E ratio of 147.91, a P/E/G ratio of 0.88 and a beta of 2.52.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XYZ. Weiss Ratings upgraded shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft raised shares of Block to a “buy” rating in a research report on Tuesday, June 30th. Canaccord Genuity Group raised their target price on Block from $85.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 13th. KeyCorp boosted their price target on Block from $105.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Finally, BMO Capital Markets upped their price target on Block from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.42.

Insider Transactions at Block

In other news, CFO Amrita Ahuja sold 9,511 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $82.43, for a total transaction of $783,991.73. Following the completion of the transaction, the chief financial officer directly owned 423,262 shares in the company, valued at $34,889,486.66. The trade was a 2.20% decrease in their ownership of the stock. 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, Director Anthony Eisen sold 41,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were 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 of the company’s stock, valued at $134,498,791.20. This represents a 2.55% 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. Over the last ninety days, insiders have sold 384,006 shares of company stock worth $30,695,321. Company insiders own 11.37% of the company’s stock.

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.