Swiss National Bank Grows Stake in Block, Inc. $XYZ

Swiss National Bank increased its position in shares of Block, Inc. (NYSE:XYZ) by 6.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,607,286 shares of the technology company’s stock after purchasing an additional 101,300 shares during the quarter. Swiss National Bank’s holdings in Block were worth $96,726,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC boosted 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 purchasing an additional 161 shares in the last quarter. Global Assets Advisory LLC purchased a new position in shares of Block in the first quarter valued at $31,000. Rachor Investment Advisory Services LLC purchased a new position in shares of Block in the fourth quarter valued at $32,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of Block by 57.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock worth $40,000 after buying an additional 223 shares during the last quarter. Finally, Osbon Capital Management LLC acquired a new position in shares of Block during the 4th quarter worth $43,000. 70.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Block

In related news, CFO Amrita Ahuja sold 8,093 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $75.00, for a total transaction of $606,975.00. Following the transaction, the chief financial officer directly owned 463,246 shares in the company, valued at approximately $34,743,450. This represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $76.81, for a total value of $10,426,957.50. Following the completion of the sale, the director directly owned 2,032,990 shares in the company, valued at approximately $156,153,961.90. The trade was a 6.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 323,300 shares of company stock worth $24,742,756. 11.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

XYZ has been the topic of several recent research reports. Clear Str upgraded shares of Block to a “hold” rating in a research report on Thursday, July 16th. Barclays initiated coverage on shares of Block in a report on Tuesday, July 7th. They set an “overweight” rating and a $100.00 target price for the company. Keefe, Bruyette & Woods upped their price target on shares of Block from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, May 8th. BMO Capital Markets assumed coverage on shares of Block in a report on Tuesday, June 30th. They issued an “outperform” rating on the stock. Finally, Needham & Company LLC increased 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. Five analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Block currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.59.

Block Trading Down 0.7%

Shares of XYZ opened at $79.34 on Tuesday. The stock has a fifty day moving average of $73.88 and a two-hundred day moving average of $66.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The company has a market capitalization of $47.22 billion, a PE ratio of 61.99, a price-to-earnings-growth ratio of 1.01 and a beta of 2.54. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $84.08.

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 analysts’ consensus estimates of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The company had revenue of $6.06 billion for the quarter. During the same period in the prior year, the company earned $0.56 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. 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 2.48 EPS for the current year.

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.