Block, Inc. $XYZ Shares Sold by National Pension Service

National Pension Service lowered its stake in shares of Block, Inc. (NYSE:XYZ) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 936,971 shares of the technology company’s stock after selling 11,104 shares during the period. National Pension Service owned about 0.16% of Block worth $71,210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC lifted its position in shares of Block by 301.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after acquiring an additional 292 shares during the period. Global Assets Advisory LLC acquired a new position in shares of Block during the 1st quarter worth $31,000. Cary Street Partners Investment Advisory LLC boosted its position in shares of Block by 57.6% in 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 in the last quarter. Osbon Capital Management LLC purchased a new stake in shares of Block in the 4th quarter worth about $43,000. Finally, Darwin Wealth Management LLC acquired a new stake in Block in the 2nd quarter valued at about $43,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XYZ has been the subject of a number of research reports. Truist Financial lifted their target price on shares of Block from $82.00 to $93.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Zacks Research lowered shares of Block from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Rosenblatt Securities set a $100.00 price objective on Block in a research report on Tuesday, June 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $97.00 target price on shares of Block in a research note on Thursday, August 6th. Finally, Keefe, Bruyette & Woods raised their price target on Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Block has an average rating of “Moderate Buy” and an average target price of $95.42.

Insiders Place Their Bets

In other news, insider Brian Grassadonia sold 43,348 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the sale, the insider owned 557,654 shares in the company, valued at $44,612,320. This trade represents a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 9,511 shares of Block stock in a transaction on Monday, August 24th. The shares were sold at an average price of $82.43, for a total value of $783,991.73. Following the completion of the sale, the chief financial officer directly owned 423,262 shares of the company’s stock, valued at approximately $34,889,486.66. This represents a 2.20% 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 have sold a total of 378,006 shares of company stock valued at $30,430,901 in the last quarter. 11.37% of the stock is currently owned by company insiders.

Block Stock Performance

NYSE:XYZ opened at $79.25 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The firm has a market cap of $47.61 billion, a PE ratio of 141.52, a P/E/G ratio of 0.83 and a beta of 2.52. The firm has a 50 day simple moving average of $80.59 and a 200-day simple moving average of $72.06. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92.

Block (NYSE:XYZ) last announced its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $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, equities analysts expect that Block, Inc. will post 2.74 EPS for the current year.

About Block

Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.

Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.

Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.