Corient Private Wealth LP Makes New $6.77 Million Investment in Block, Inc. $XYZ

Corient Private Wealth LP bought a new stake in Block, Inc. (NYSE:XYZ) during the second quarter, HoldingsChannel.com reports. The fund bought 177,730 shares of the technology company’s stock, valued at approximately $6,768,000.

Several other hedge funds have also modified their holdings of the stock. Elevation Wealth Partners LLC increased its position 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 acquiring an additional 292 shares in the last quarter. Global Assets Advisory LLC acquired a new position in shares of Block in the 1st quarter valued at approximately $31,000. Cary Street Partners Investment Advisory LLC grew its holdings 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 worth $40,000 after acquiring an additional 223 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in Block in the second quarter valued at about $43,000. Finally, Osbon Capital Management LLC acquired a new stake in shares of Block during the 4th quarter valued at approximately $43,000. 70.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on XYZ. Royal Bank Of Canada raised their price target on shares of Block from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Wolfe Research boosted their price target on shares of Block from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Oppenheimer reaffirmed an “outperform” rating and issued a $97.00 price target on shares of Block in a research report on Thursday, August 6th. Keefe, Bruyette & Woods lifted their price target on Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Block to a “buy” rating in a research note on Tuesday, June 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.84.

Block Stock Performance

NYSE XYZ opened at $83.58 on Monday. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.92. The firm has a market capitalization of $50.21 billion, a P/E ratio of 149.25, a price-to-earnings-growth ratio of 0.93 and a beta of 2.53. The firm’s fifty day moving average price is $79.64 and its two-hundred day moving average price is $70.18. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The company had revenue of $6.62 billion during the quarter. During the same quarter in the prior year, the firm earned $0.62 EPS. The company’s revenue was up 9.3% on a year-over-year basis. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, research analysts anticipate that Block, Inc. will post 2.72 EPS for the current year.

Insiders Place Their Bets

In other Block news, insider Owen Britton Jennings sold 1,317 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $81.48, for a total transaction of $107,309.16. Following the completion of the sale, the insider owned 460,128 shares of the company’s stock, valued at approximately $37,491,229.44. This represents a 0.29% decrease in their position. The transaction 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 Brian Grassadonia sold 8,173 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $82.42, for a total transaction of $673,618.66. Following the transaction, the insider owned 513,981 shares in the company, valued at $42,362,314.02. The trade was a 1.57% 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 ninety days, insiders sold 366,006 shares of company stock valued at $29,155,301. 11.37% of the stock is owned by corporate insiders.

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.