Block, Inc. $XYZ Stake Boosted by Empowered Funds LLC

Empowered Funds LLC boosted its holdings in Block, Inc. (NYSE:XYZ) by 174.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,475 shares of the technology company’s stock after purchasing an additional 53,739 shares during the quarter. Empowered Funds LLC’s holdings in Block were worth $5,084,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Sound Income Strategies LLC raised its holdings in shares of Block by 57.1% during the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after purchasing an additional 161 shares during the period. Global Assets Advisory LLC acquired a new position in shares of Block in the 1st quarter valued at about $31,000. Rachor Investment Advisory Services LLC bought a new stake in shares of Block during the 4th quarter valued at about $32,000. Cary Street Partners Investment Advisory LLC grew its position in shares of 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 buying an additional 223 shares during the last quarter. Finally, Osbon Capital Management LLC acquired a new stake in Block during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Insider Activity

In other Block news, insider Brian Grassadonia sold 43,348 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the transaction, the insider owned 557,654 shares of the company’s stock, valued at approximately $44,612,320. This trade represents a 7.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 6,000 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $82.22, for a total transaction of $493,320.00. Following the sale, the director owned 1,631,672 shares in the company, valued at $134,156,071.84. This trade represents a 0.37% 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. Insiders sold 347,300 shares of company stock valued at $26,657,536 in the last ninety days. Corporate insiders own 11.37% of the company’s stock.

Block Trading Down 1.7%

Shares of XYZ stock opened at $81.22 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $84.08. The stock has a fifty day moving average of $75.70 and a two-hundred day moving average of $67.50. The firm has a market capitalization of $48.34 billion, a PE ratio of 63.45, a price-to-earnings-growth ratio of 1.02 and a beta of 2.54.

Block (NYSE:XYZ) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.55. The company had revenue of $6.06 billion during the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, research analysts expect that Block, Inc. will post 2.48 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Truist Financial raised their target price on shares of Block from $82.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, July 24th. BMO Capital Markets upped their target price on Block from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. Zacks Research cut Block from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Piper Sandler raised Block from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $58.00 to $100.00 in a report on Monday, June 29th. Finally, Needham & Company LLC raised their price target on Block from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.84.

About Block

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.