Block, Inc. $XYZ Position Trimmed by Natixis Advisors LLC

Natixis Advisors LLC lessened its holdings in shares of Block, Inc. (NYSE:XYZ) by 7.0% during the 4th quarter, HoldingsChannel reports. The fund owned 376,902 shares of the technology company’s stock after selling 28,204 shares during the period. Natixis Advisors LLC’s holdings in Block were worth $24,532,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Block by 23.1% during the 3rd quarter. Vanguard Group Inc. now owns 67,626,485 shares of the technology company’s stock valued at $4,887,366,000 after acquiring an additional 12,709,824 shares in the last quarter. Geode Capital Management LLC grew its stake in Block by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock valued at $934,121,000 after acquiring an additional 67,560 shares in the last quarter. Sands Capital Management LLC grew its stake in Block by 12.2% during the 3rd quarter. Sands Capital Management LLC now owns 11,603,057 shares of the technology company’s stock valued at $838,553,000 after acquiring an additional 1,262,317 shares in the last quarter. Capital World Investors grew its stake in Block by 192.7% during the 3rd quarter. Capital World Investors now owns 11,296,224 shares of the technology company’s stock valued at $816,378,000 after acquiring an additional 7,436,380 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in Block during the 2nd quarter valued at about $535,305,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Insider Transactions at Block

In related news, insider Chrysty Esperanza sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total value of $225,000.00. Following the completion of the sale, the insider directly owned 268,169 shares in the company, valued at approximately $20,112,675. The trade was a 1.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 8,166 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $68.01, for a total value of $555,369.66. Following the completion of the sale, the insider owned 601,002 shares of the company’s stock, valued at approximately $40,874,146.02. This trade represents a 1.34% decrease in their ownership of the stock. 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 sold 181,680 shares of company stock worth $13,774,881. 11.37% of the stock is currently owned by company insiders.

Block Stock Up 1.6%

Shares of Block stock opened at $70.90 on Friday. The firm has a market cap of $42.20 billion, a price-to-earnings ratio of 55.39, a P/E/G ratio of 0.90 and a beta of 2.56. 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, Inc. has a 52-week low of $48.21 and a 52-week high of $82.50. The stock has a 50-day simple moving average of $68.00 and a 200-day simple moving average of $64.03.

Block (NYSE:XYZ) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm earned $0.56 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, equities research analysts expect that Block, Inc. will post 2.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

XYZ has been the topic of several research analyst reports. Raymond James Financial raised Block to a “moderate buy” rating in a research note on Friday, February 27th. Morgan Stanley lifted their price target on Block from $96.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Loop Capital initiated coverage on Block in a report on Tuesday, March 31st. They set a “buy” rating and a $75.00 price target for the company. Zacks Research lowered Block from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods lifted their price target on Block from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.12.

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.