8,375 Shares in Block, Inc. $XYZ Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new stake in Block, Inc. (NYSE:XYZ) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,375 shares of the technology company’s stock, valued at approximately $545,000.

A number of other institutional investors have also recently added to or reduced their stakes in XYZ. Vanguard Group Inc. grew its holdings in shares of Block by 23.1% during the 3rd quarter. Vanguard Group Inc. now owns 67,626,485 shares of the technology company’s stock worth $4,887,366,000 after purchasing an additional 12,709,824 shares during the period. Geode Capital Management LLC raised its holdings in Block by 0.5% in the fourth 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 during the period. Sands Capital Management LLC raised its holdings in Block by 12.2% in the third quarter. Sands Capital Management LLC now owns 11,603,057 shares of the technology company’s stock valued at $838,553,000 after buying an additional 1,262,317 shares during the period. Capital World Investors lifted its position in Block by 192.7% during the third quarter. Capital World Investors now owns 11,296,224 shares of the technology company’s stock valued at $816,378,000 after buying an additional 7,436,380 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in Block during the second quarter valued at approximately $535,305,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Insider Activity at Block

In other news, CFO Amrita Ahuja sold 30,919 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer owned 500,816 shares in the company, valued at approximately $37,561,200. This represents a 5.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chrysty Esperanza sold 3,000 shares of the stock in a transaction dated 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 directly owned 268,169 shares in the company, valued at $20,112,675. The trade was a 1.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 45,930 shares of company stock worth $3,347,924 over the last quarter. Company insiders own 11.37% of the company’s stock.

Block Stock Performance

Block stock opened at $74.27 on Wednesday. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $82.50. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. The stock has a market cap of $44.20 billion, a P/E ratio of 58.02, a price-to-earnings-growth ratio of 0.99 and a beta of 2.56. The stock has a 50 day moving average of $67.30 and a 200-day moving average of $63.84.

Block (NYSE:XYZ) last posted its quarterly 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. Block had a net margin of 3.30% and a return on equity of 7.02%. The firm had revenue of $6.06 billion for the quarter. During the same period in the prior year, the company earned $0.56 earnings per share. The company’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. On average, analysts expect that Block, Inc. will post 2.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on XYZ shares. The Goldman Sachs Group reissued a “buy” rating on shares of Block in a research report on Friday, May 8th. Canaccord Genuity Group increased their price target on Block from $80.00 to $85.00 and gave the company a “buy” rating in a report on Monday, May 18th. Raymond James Financial raised Block to a “moderate buy” rating in a research report on Friday, February 27th. Arete Research upgraded Block from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $91.00 target price on shares of Block in a research report on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Block presently has an average rating of “Moderate Buy” and a consensus price target of $85.12.

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.