Block, Inc. $XYZ Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC lifted its holdings in shares of Block, Inc. (NYSE:XYZ) by 29.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 77,223 shares of the technology company’s stock after buying an additional 17,721 shares during the period. Wealthfront Advisers LLC’s holdings in Block were worth $4,647,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XYZ. Allstate Corp boosted its position in Block by 91.9% in the 4th quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock valued at $2,557,000 after buying an additional 18,812 shares during the last quarter. Moran Wealth Management LLC lifted its holdings in Block by 37.3% during the 4th quarter. Moran Wealth Management LLC now owns 57,651 shares of the technology company’s stock worth $3,753,000 after buying an additional 15,670 shares during the last quarter. National Pension Service boosted its holdings in Block by 8.4% in 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 period. Hsbc Holdings PLC boosted its holdings in shares of Block by 7.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock valued at $79,749,000 after buying an additional 82,446 shares during the period. Finally, Mawer Investment Management Ltd. acquired a new position in Block in the fourth quarter valued at approximately $3,062,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on XYZ shares. Morgan Stanley boosted 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. BMO Capital Markets assumed coverage on Block in a research note on Tuesday, June 30th. They set an “outperform” rating for the company. Zacks Research upgraded shares of Block from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. Robert W. Baird lifted their target price on Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Finally, Loop Capital assumed coverage on shares of Block in a research report on Tuesday, March 31st. They issued a “buy” rating and a $75.00 target price on the stock. Six investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $88.64.

Block Stock Performance

Shares of NYSE XYZ opened at $80.00 on Friday. The business’s 50-day moving average price is $73.76 and its two-hundred day moving average price is $66.62. Block, Inc. has a one year low of $48.21 and a one year high of $84.08. The company has a market capitalization of $47.62 billion, a P/E ratio of 62.50, a price-to-earnings-growth ratio of 1.01 and a beta of 2.54. 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 quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.55. The firm had revenue of $6.06 billion for 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 EPS. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Analysts anticipate that Block, Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Amrita Ahuja sold 30,919 shares of Block stock in a transaction 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 transaction, the chief financial officer owned 500,816 shares in the company, valued at $37,561,200. This trade represents a 5.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 43,348 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $80.00, for a total value of $3,467,840.00. Following the transaction, the insider directly owned 557,654 shares of the company’s stock, valued at $44,612,320. This represents a 7.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 357,219 shares of company stock valued at $27,286,681. Insiders own 11.37% of the company’s stock.

Block 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.