Block, Inc. $XYZ Holdings Boosted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in Block, Inc. (NYSE:XYZ) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,595,616 shares of the technology company’s stock after acquiring an additional 35,061 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.27% of Block worth $117,326,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Elevation Wealth Partners LLC boosted its position in Block by 301.0% during the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after purchasing an additional 292 shares during the last quarter. Global Assets Advisory LLC bought a new position in Block in the first quarter valued at approximately $31,000. Meeder Asset Management Inc. acquired a new position in shares of Block during the 2nd quarter worth approximately $46,000. Ancora Advisors LLC acquired a new position in shares of Block during the 2nd quarter worth approximately $53,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Block by 1,033.3% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 918 shares of the technology company’s stock worth $55,000 after purchasing an additional 837 shares during the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

Block Trading Up 0.1%

Block stock opened at $78.21 on Thursday. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a market capitalization of $46.99 billion, a P/E ratio of 26.75, a PEG ratio of 0.81 and a beta of 2.55. The stock has a 50-day simple moving average of $78.72 and a 200 day simple moving average of $75.39.

Block (NYSE:XYZ) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. The firm 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%. Block’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last 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. Analysts expect that Block, Inc. will post 2.75 earnings per share for the current year.

Insider Transactions at Block

In other news, insider Brian Grassadonia sold 25,908 shares of Block stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $81.64, for a total transaction of $2,115,129.12. Following the completion of the transaction, the insider directly owned 531,746 shares in the company, valued at approximately $43,411,743.44. The trade was a 4.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Eisen sold 41,000 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 value of $3,519,850.00. Following the transaction, the director directly owned 1,566,672 shares in the company, valued at $134,498,791.20. The trade was a 2.55% 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. In the last three months, insiders sold 308,565 shares of company stock worth $24,872,046. 11.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

XYZ has been the topic of a number of analyst reports. UBS Group set a $96.00 price objective on Block in a research note on Thursday, October 15th. Monness Crespi & Hardt raised their target price on shares of Block from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Rosenblatt Securities set a $100.00 target price on shares of Block in a report on Tuesday, June 30th. Needham & Company LLC boosted their target price on shares of Block from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Robert W. Baird upped their price target on shares of Block from $105.00 to $106.00 and gave the stock an “outperform” rating in a research report on Friday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $95.55.

About Block

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.