Lombard Odier Asset Management Europe Ltd Sells 3,897,250 Shares of Block, Inc. $XYZ

Lombard Odier Asset Management Europe Ltd trimmed its holdings in shares of Block, Inc. (NYSE:XYZ) by 99.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 35,750 shares of the technology company’s stock after selling 3,897,250 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Block were worth $2,327,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of XYZ. Cary Street Partners Investment Advisory LLC bought a new position in Block during the third quarter worth about $28,000. Sound Income Strategies LLC increased its position in Block by 57.1% during the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after acquiring an additional 161 shares during the period. Rachor Investment Advisory Services LLC bought a new position in Block during the fourth quarter worth about $32,000. Rothschild Investment LLC increased its position in Block by 59.7% during the third quarter. Rothschild Investment LLC now owns 495 shares of the technology company’s stock worth $36,000 after acquiring an additional 185 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Block by 59.0% during the third quarter. EverSource Wealth Advisors LLC now owns 528 shares of the technology company’s stock worth $38,000 after acquiring an additional 196 shares during the period. 70.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on XYZ. Morgan Stanley raised their price target on shares of Block from $96.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Cantor Fitzgerald raised their price objective on Block from $78.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. BTIG Research reaffirmed a “buy” rating and set a $90.00 target price on shares of Block in a research note on Friday, May 8th. Raymond James Financial raised Block to a “moderate buy” rating in a research note on Friday, February 27th. Finally, Weiss Ratings raised Block from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Four investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.42.

Block Price Performance

Shares of XYZ opened at $74.54 on Wednesday. The stock has a market cap of $44.36 billion, a P/E ratio of 58.23, a P/E/G ratio of 0.96 and a beta of 2.56. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $82.50. The business’s fifty day moving average is $69.79 and its 200 day moving average is $64.50.

Block (NYSE:XYZ) last announced its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating 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%.The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm 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 2.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 transaction of $225,000.00. Following the transaction, the insider owned 268,169 shares of the company’s stock, valued at $20,112,675. The trade was a 1.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 30,919 shares of Block stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total value of $2,318,925.00. Following the transaction, the chief financial officer directly owned 500,816 shares in the company, valued at approximately $37,561,200. The trade was a 5.81% decrease in their position. 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 sold 211,680 shares of company stock worth $15,861,321 in the last ninety days. Corporate insiders own 11.37% of the company’s stock.

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.