17,578 Shares in Block, Inc. $XYZ Purchased by MSH Capital Advisors LLC

MSH Capital Advisors LLC acquired a new position in shares of Block, Inc. (NYSE:XYZ) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 17,578 shares of the technology company’s stock, valued at approximately $669,000.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Block during the second quarter worth approximately $621,703,000. Capital World Investors boosted its stake in Block by 41.8% in the fourth quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock valued at $1,042,966,000 after acquiring an additional 4,727,217 shares during the last quarter. Geode Capital Management LLC boosted its stake in Block by 0.5% in the fourth 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 during the last quarter. Ameriprise Financial Inc. acquired a new stake in Block during the 2nd quarter worth $535,305,000. Finally, Norges Bank acquired a new stake in Block during the 4th quarter worth $484,387,000. Institutional investors own 70.44% of the company’s stock.

Block Stock Up 1.8%

Shares of NYSE:XYZ opened at $80.89 on Thursday. The company has a 50 day moving average price of $78.27 and a two-hundred day moving average price of $68.94. The company has a market capitalization of $48.60 billion, a PE ratio of 144.45, a PEG ratio of 0.89 and a beta of 2.53. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.75. 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 announced its quarterly 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. Block had a net margin of 1.43% and a return on equity of 8.10%. The company had revenue of $6.62 billion during the quarter. During the same period last year, the firm earned $0.62 EPS. Block’s quarterly revenue was up 9.3% on a year-over-year basis. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Analysts forecast that Block, Inc. will post 2.69 earnings per share for the current year.

Analyst Ratings Changes

XYZ has been the subject of several recent research reports. UBS Group upped their target price on shares of Block from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $95.00 price target on shares of Block in a research report on Thursday, August 6th. Citigroup lifted their price objective on Block from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Barclays began coverage on Block in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 target price on the stock. Finally, Craig Hallum started coverage on Block in a report on Tuesday, June 30th. They set a “buy” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Block has a consensus rating of “Moderate Buy” and a consensus price target of $95.23.

Insider Buying and Selling at Block

In other news, insider Brian Grassadonia sold 43,348 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the sale, the insider owned 557,654 shares of the company’s stock, valued at $44,612,320. This trade represents a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 135,750 shares of Block stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $76.81, for a total value of $10,426,957.50. Following the transaction, the director owned 2,032,990 shares in the company, valued at $156,153,961.90. This trade represents a 6.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 470,552 shares of company stock valued at $36,906,840. Company 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.