9,835 Shares in Block, Inc. $XYZ Bought by Gibbs Wealth Management

Gibbs Wealth Management purchased a new position in Block, Inc. (NYSE:XYZ) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,835 shares of the technology company’s stock, valued at approximately $592,000.

Several other institutional investors and hedge funds have also modified their holdings of XYZ. Sound Income Strategies LLC increased its stake in Block by 57.1% in the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after buying an additional 161 shares in the last quarter. Global Assets Advisory LLC purchased a new position in shares of Block in the first quarter valued at about $31,000. Rachor Investment Advisory Services LLC purchased a new position in shares of Block in the fourth quarter valued at about $32,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Block by 57.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock worth $40,000 after acquiring an additional 223 shares during the period. Finally, Osbon Capital Management LLC bought a new position in shares of Block in the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. BTIG Research reiterated a “buy” rating and set a $90.00 price objective on shares of Block in a research report on Friday, May 8th. Cantor Fitzgerald upped their target price on shares of Block from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday. BMO Capital Markets raised their target price on shares of Block from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Wednesday. Morgan Stanley lifted their price target on shares of Block from $96.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Finally, Needham & Company LLC boosted their price target on shares of Block from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Block presently has an average rating of “Moderate Buy” and an average price target of $89.84.

Insider Activity

In other news, insider Brian Grassadonia sold 43,348 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the sale, the insider directly owned 557,654 shares of the company’s stock, valued at $44,612,320. The trade was a 7.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 6,000 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $78.35, for a total value of $470,100.00. Following the sale, the director owned 1,838,672 shares in the company, valued at approximately $144,059,951.20. The trade was a 0.33% 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. Over the last three months, insiders have sold 323,300 shares of company stock valued at $24,742,756. Insiders own 11.37% of the company’s stock.

Block Price Performance

Shares of XYZ stock opened at $77.19 on Friday. The company’s 50-day simple moving average is $74.44 and its two-hundred day simple moving average is $67.07. The company has a market capitalization of $45.94 billion, a P/E ratio of 60.31, a P/E/G ratio of 0.97 and a beta of 2.54. Block, Inc. has a one year low of $48.21 and a one year high of $84.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99.

Block (NYSE:XYZ) last issued its 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. Block had a return on equity of 7.02% and a net margin of 3.30%.The business had revenue of $6.06 billion during the quarter. During the same period last year, the firm earned $0.56 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts anticipate that Block, Inc. will post 2.48 EPS for the current 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.