Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New $927,000 Investment in Block, Inc. $XYZ

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Block, Inc. (NYSE:XYZ) in the fourth quarter, Holdings Channel reports. The fund purchased 14,237 shares of the technology company’s stock, valued at approximately $927,000.

A number of other institutional investors also recently bought and sold shares of XYZ. Cary Street Partners Investment Advisory LLC acquired a new stake in Block during the 3rd quarter worth about $28,000. Sound Income Strategies LLC grew its position in Block by 57.1% during the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after purchasing an additional 161 shares during the period. RMG Wealth Management LLC acquired a new stake in Block during the 3rd quarter worth about $30,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Block during the 3rd quarter worth about $30,000. Finally, Rachor Investment Advisory Services LLC acquired a new stake in Block during the 4th quarter worth about $32,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Brian Grassadonia sold 1,769 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $60.25, for a total value of $106,582.25. Following the completion of the sale, the insider directly owned 500,763 shares in the company, valued at $30,170,970.75. The trade was a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a filing 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, insider Owen Britton Jennings sold 583 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $69.83, for a total value of $40,710.89. Following the completion of the sale, the insider owned 480,978 shares of the company’s stock, valued at $33,586,693.74. This trade represents a 0.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 50,352 shares of company stock valued at $3,445,228 over the last ninety days. 11.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

XYZ has been the topic of several analyst reports. TD Cowen increased their price target on Block from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Canaccord Genuity Group upped their price objective on Block from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America lowered their price objective on Block from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Keefe, Bruyette & Woods upped their price objective on Block from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Rothschild & Co Redburn upgraded Block from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $45.00 to $55.00 in a research report on Wednesday, March 18th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Block presently has a consensus rating of “Moderate Buy” and an average price target of $84.94.

Block Trading Down 3.1%

Shares of Block stock opened at $68.69 on Friday. The firm has a 50-day simple moving average of $65.66 and a two-hundred day simple moving average of $63.75. The company has a market cap of $40.89 billion, a P/E ratio of 53.67, a price-to-earnings-growth ratio of 0.93 and a beta of 2.57. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $82.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99.

Block (NYSE:XYZ) last issued its quarterly earnings data 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. The business had revenue of $6.06 billion during the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company 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, equities analysts predict that Block, Inc. will post 2.4 earnings per share for the current fiscal 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.