Block, Inc. $XYZ Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Block, Inc. (NYSE:XYZ) by 65.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,523 shares of the technology company’s stock after purchasing an additional 60,550 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Block were worth $9,179,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Inceptionr LLC boosted its position in shares of Block by 455.1% during the 3rd quarter. Inceptionr LLC now owns 19,480 shares of the technology company’s stock valued at $1,408,000 after acquiring an additional 15,971 shares during the last quarter. Allstate Corp grew its holdings in shares of Block by 91.9% in the fourth quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock valued at $2,557,000 after purchasing an additional 18,812 shares during the period. Moran Wealth Management LLC increased its position in Block by 37.3% during the fourth quarter. Moran Wealth Management LLC now owns 57,651 shares of the technology company’s stock worth $3,753,000 after purchasing an additional 15,670 shares during the last quarter. National Pension Service increased its position in Block by 8.4% during the fourth quarter. National Pension Service now owns 833,124 shares of the technology company’s stock worth $54,228,000 after purchasing an additional 64,674 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in Block by 7.2% during the fourth quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock worth $79,749,000 after purchasing an additional 82,446 shares during the period. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Block Trading Down 0.1%

NYSE XYZ opened at $78.71 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market capitalization of $46.85 billion, a P/E ratio of 61.50, a PEG ratio of 1.00 and a beta of 2.54. The firm’s 50-day moving average is $72.16 and its two-hundred day moving average is $65.65. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $82.50.

Block (NYSE:XYZ) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, beating 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%. Block’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 earnings per share. 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, sell-side analysts anticipate that Block, Inc. will post 2.48 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Block from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Wall Street Zen upgraded shares of Block from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Rothschild & Co Redburn raised shares of Block from a “sell” rating to a “neutral” rating and lifted their price target for the company from $45.00 to $55.00 in a research report on Wednesday, March 18th. Robert W. Baird upped their price objective on Block from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Oppenheimer lowered Block from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Block currently has a consensus rating of “Moderate Buy” and an average target price of $87.56.

Insider Buying and Selling

In related news, CFO Amrita Ahuja sold 30,919 shares of Block stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 500,816 shares in the company, valued at approximately $37,561,200. This trade represents a 5.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 8,166 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $68.01, for a total value of $555,369.66. Following the completion of the sale, the insider directly owned 601,002 shares in the company, valued at approximately $40,874,146.02. The trade was a 1.34% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 291,773 shares of company stock valued at $22,057,296. Company insiders own 11.37% of the company’s stock.

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.