OneDigital Investment Advisors LLC Acquires New Shares in Block, Inc. $XYZ

OneDigital Investment Advisors LLC bought a new position in Block, Inc. (NYSE:XYZ) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,978 shares of the technology company’s stock, valued at approximately $266,000.

A number of other hedge funds also recently added to or reduced their stakes in XYZ. Capital World Investors lifted its position in Block by 41.8% in the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock valued at $1,042,966,000 after purchasing an additional 4,727,217 shares during the last quarter. Geode Capital Management LLC grew its position in Block by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock worth $934,121,000 after purchasing an additional 67,560 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Block in the second quarter valued at approximately $535,305,000. Norges Bank bought a new stake in shares of Block during the fourth quarter valued at approximately $484,387,000. Finally, Tiger Global Management LLC raised its holdings in shares of Block by 43.9% during the fourth quarter. Tiger Global Management LLC now owns 6,364,840 shares of the technology company’s stock valued at $414,287,000 after buying an additional 1,941,528 shares during the last quarter. 70.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Anthony Mathew Eisen sold 135,750 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the completion of the transaction, the director owned 2,032,990 shares in the company, valued at approximately $156,153,961.90. This trade represents a 6.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Amrita Ahuja sold 8,971 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $85.85, for a total transaction of $770,160.35. Following the completion of the sale, the chief financial officer owned 454,275 shares in the company, valued at $38,999,508.75. The trade was a 1.94% 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 have sold a total of 461,070 shares of company stock valued at $36,261,272 over the last three months. Company insiders own 11.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on XYZ shares. Truist Financial increased their price objective on Block from $82.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Citigroup boosted their price target on Block from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. BMO Capital Markets increased their price target on Block from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. Canaccord Genuity Group raised their price target on Block from $85.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, Rosenblatt Securities set a $100.00 price objective on shares of Block in a research note on Tuesday, June 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.23.

Block Stock Performance

Shares of NYSE XYZ opened at $79.96 on Friday. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.75. The firm has a market cap of $48.04 billion, a P/E ratio of 142.79, a PEG ratio of 0.90 and a beta of 2.53. The stock has a fifty day moving average price of $78.49 and a two-hundred day moving average price of $69.07. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21.

Block (NYSE:XYZ) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates 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 prior year, the firm posted $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. Research analysts forecast that Block, Inc. will post 2.69 EPS for the current fiscal year.

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.