Block, Inc. $XYZ Stock Sold by North Dakota State Investment Board

North Dakota State Investment Board lessened its position in Block, Inc. (NYSE:XYZ) by 51.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 15,947 shares of the technology company’s stock after selling 16,798 shares during the period. North Dakota State Investment Board’s holdings in Block were worth $1,173,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Block during the second quarter worth approximately $621,703,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Block by 528.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock worth $199,153,000 after purchasing an additional 2,782,523 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Block by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company’s stock valued at $189,353,000 after purchasing an additional 39,112 shares during the period. Hyperion Asset Management Ltd grew its position in Block by 6.9% in the 2nd quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company’s stock valued at $203,897,000 after purchasing an additional 172,848 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Block by 1.0% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,624,534 shares of the technology company’s stock valued at $157,944,000 after purchasing an additional 25,067 shares during the period. Institutional investors own 70.44% of the company’s stock.

Insider Buying and Selling

In other Block news, Director Anthony Eisen sold 6,000 shares of the firm’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $74.44, for a total transaction of $446,640.00. Following the transaction, the director directly owned 1,212,672 shares in the company, valued at approximately $90,271,303.68. This trade represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 314,565 shares of company stock valued at $25,254,486. Corporate insiders own 11.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on XYZ shares. Truist Financial decreased their price target on shares of Block from $93.00 to $89.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Canaccord Genuity Group raised their price objective on shares of Block from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Clear Str raised shares of Block to a “hold” rating in a research note on Thursday, July 16th. Weiss Ratings upgraded shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Finally, Benchmark raised shares of Block to a “strong-buy” rating in a research report on Thursday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.61.

Block Stock Performance

Shares of Block stock opened at $76.36 on Friday. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.92. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $78.00 and a 200-day moving average price of $71.08. The company has a market cap of $45.88 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 0.80 and a beta of 2.55.

Block (NYSE:XYZ) last announced its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.54. The company had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm 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 analysts anticipate that Block, Inc. will post 2.75 earnings per share for the current fiscal year.

Block Profile

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.