Leonteq Securities AG Buys New Position in Block, Inc. $XYZ

Leonteq Securities AG bought a new stake in shares of Block, Inc. (NYSE:XYZ) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 10,824 shares of the technology company’s stock, valued at approximately $705,000.

Several other hedge funds have also modified their holdings of XYZ. Vanguard Group Inc. raised its holdings in shares of Block by 23.1% during the 3rd quarter. Vanguard Group Inc. now owns 67,626,485 shares of the technology company’s stock valued at $4,887,366,000 after buying an additional 12,709,824 shares during the period. Ameriprise Financial Inc. purchased a new stake in shares of Block during the 2nd quarter valued at about $535,305,000. Capital World Investors raised its holdings in shares of Block by 192.7% during the 3rd quarter. Capital World Investors now owns 11,296,224 shares of the technology company’s stock valued at $816,378,000 after buying an additional 7,436,380 shares during the period. Viking Global Investors LP purchased a new stake in shares of Block during the 2nd quarter valued at about $368,213,000. Finally, Invesco Ltd. raised its holdings in shares of Block by 241.4% during the 3rd quarter. Invesco Ltd. now owns 3,778,298 shares of the technology company’s stock valued at $273,058,000 after buying an additional 2,671,713 shares during the period. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Block

In other news, 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 value of $225,000.00. Following the completion of the transaction, the insider owned 268,169 shares in the company, valued at approximately $20,112,675. This trade represents a 1.11% decrease in their position. The sale was disclosed in a legal 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, insider Owen Britton Jennings sold 3,555 shares of Block stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $63.41, for a total value of $225,422.55. Following the completion of the transaction, the insider owned 231,262 shares of the company’s stock, valued at approximately $14,664,323.42. The trade was a 1.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 58,518 shares of company stock worth $4,000,598 in the last quarter. Insiders own 11.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on XYZ. HSBC upgraded Block from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $70.00 to $77.00 in a report on Tuesday, March 3rd. BTIG Research restated a “buy” rating and set a $90.00 price objective on shares of Block in a report on Friday, May 8th. Needham & Company LLC lifted their price objective on Block from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Morgan Stanley upgraded Block from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $72.00 to $93.00 in a report on Friday, February 27th. Finally, Weiss Ratings downgraded Block from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Three research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Block currently has an average rating of “Moderate Buy” and a consensus price target of $84.94.

Block Price Performance

Shares of XYZ opened at $68.05 on Friday. The firm has a market cap of $40.50 billion, a price-to-earnings ratio of 53.17, a PEG ratio of 0.90 and a beta of 2.57. The stock has a 50 day moving average of $65.73 and a 200-day moving average of $63.78. 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, Inc. has a 52 week low of $48.21 and a 52 week high of $82.50.

Block (NYSE:XYZ) last issued its earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.30 by $0.55. The company had revenue of $6.06 billion during the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.Block’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. As a group, analysts forecast that Block, Inc. will post 2.4 EPS for the current year.

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.