West Family Investments Inc. Buys Shares of 10,929 Block, Inc. $XYZ

West Family Investments Inc. bought a new stake in shares of Block, Inc. (NYSE:XYZ) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 10,929 shares of the technology company’s stock, valued at approximately $416,000.

Other hedge funds have also made changes to their positions in the company. Elevation Wealth Partners LLC increased its stake in shares of Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after buying an additional 292 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in Block in the first quarter valued at $31,000. Rachor Investment Advisory Services LLC bought a new position in Block during the 4th quarter valued at $32,000. Cary Street Partners Investment Advisory LLC boosted its stake in Block by 57.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after acquiring an additional 223 shares during the last quarter. Finally, Osbon Capital Management LLC acquired a new position in Block during the 4th quarter worth $43,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Insider Buying and Selling at Block

In related news, Director Anthony Mathew Eisen sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $79.55, for a total transaction of $477,300.00. Following the completion of the sale, the director directly owned 1,506,672 shares in the company, valued at approximately $119,855,757.60. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 8,971 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $85.85, for a total value of $770,160.35. Following the sale, the chief financial officer directly owned 454,275 shares in the company, valued at $38,999,508.75. This trade represents a 1.94% decrease in their ownership of the stock. 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. In the last three months, insiders sold 461,070 shares of company stock valued at $36,261,272. 11.37% of the stock is owned by insiders.

Block Trading Down 1.2%

NYSE:XYZ opened at $79.96 on Friday. The firm has a market capitalization of $48.04 billion, a P/E ratio of 142.79, a P/E/G ratio of 0.90 and a beta of 2.53. The business has a 50 day simple moving average of $78.49 and a 200 day simple moving average of $69.07. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $86.75.

Block (NYSE:XYZ) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. The business 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% on a year-over-year basis. During the same period last year, the business earned $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. Equities research analysts predict that Block, Inc. will post 2.69 EPS for the current year.

Analysts Set New Price Targets

XYZ has been the subject of several research analyst reports. Craig Hallum started coverage on shares of Block in a research report on Tuesday, June 30th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft raised shares of Block to a “buy” rating in a research report on Tuesday, June 30th. TD Cowen lifted their price target on Block from $101.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Rosenblatt Securities set a $100.00 price objective on Block in a report on Tuesday, June 30th. Finally, Barclays assumed coverage on Block in a research note on Tuesday, July 7th. They set an “overweight” rating and a $100.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $95.23.

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.