Sei Investments Co. Raises Stock Holdings in Block, Inc. $XYZ

Sei Investments Co. boosted its stake in shares of Block, Inc. (NYSE:XYZ) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 394,647 shares of the technology company’s stock after purchasing an additional 12,057 shares during the quarter. Sei Investments Co.’s holdings in Block were worth $23,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital World Investors raised its holdings 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 purchasing an additional 4,727,217 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Block by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock valued at $934,121,000 after buying an additional 67,560 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Block in the 2nd quarter valued at about $535,305,000. Norges Bank purchased a new position in shares of Block in the 4th quarter worth approximately $484,387,000. Finally, Tiger Global Management LLC grew its position in shares of Block by 43.9% in the 4th quarter. Tiger Global Management LLC now owns 6,364,840 shares of the technology company’s stock worth $414,287,000 after buying an additional 1,941,528 shares during the last quarter. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Needham & Company LLC increased their target price 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. Citigroup lifted their price target on shares of Block from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. William Blair downgraded Block to a “market perform” rating in a research report on Tuesday, June 30th. BMO Capital Markets increased their price objective on Block from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. Finally, Wall Street Zen raised Block from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.84.

Block Trading Up 2.1%

Block stock opened at $82.98 on Wednesday. The stock has a 50-day moving average price of $74.93 and a 200 day moving average price of $67.22. The company has a market capitalization of $49.39 billion, a price-to-earnings ratio of 64.83, a price-to-earnings-growth ratio of 1.02 and a beta of 2.54. 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 52 week low of $48.21 and a 52 week high of $84.08.

Block (NYSE:XYZ) last posted 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. Block had a return on equity of 7.02% and a net margin of 3.30%.The firm had revenue of $6.06 billion for the quarter. During the same period last year, the business earned $0.56 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. 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 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Amrita Ahuja sold 8,093 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $75.00, for a total transaction of $606,975.00. Following the sale, the chief financial officer directly owned 463,246 shares of the company’s stock, valued at $34,743,450. This represents a 1.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 shares were sold at an average price of $76.81, for a total value of $10,426,957.50. Following the sale, the director owned 2,032,990 shares in the company, valued at $156,153,961.90. This trade represents a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 335,300 shares of company stock worth $25,690,936. Company 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.