Corient Private Wealth LP Invests $6.77 Million in Block, Inc. $XYZ

Corient Private Wealth LP bought a new position in Block, Inc. (NYSE:XYZ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 177,730 shares of the technology company’s stock, valued at approximately $6,768,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XYZ. Elevation Wealth Partners LLC raised its holdings in Block by 301.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after purchasing an additional 292 shares during the last quarter. Global Assets Advisory LLC bought a new position in shares of Block in the 1st quarter valued at about $31,000. Cary Street Partners Investment Advisory LLC boosted its holdings 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 worth $40,000 after buying an additional 223 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of Block in the second quarter valued at about $43,000. Finally, Osbon Capital Management LLC bought a new position in shares of Block in the fourth quarter worth $43,000. 70.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on XYZ shares. Needham & Company LLC raised their price objective on shares of Block from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 6th. KeyCorp boosted their target price on shares of Block from $105.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Oppenheimer restated an “outperform” rating and set a $97.00 price objective on shares of Block in a research note on Thursday, August 6th. BTIG Research upped their target price on Block from $90.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $95.00 price target on shares of Block in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.84.

Insider Buying and Selling

In related news, Director Anthony Mathew Eisen sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $82.00, for a total transaction of $492,000.00. Following the completion of the transaction, the director owned 1,476,672 shares in the company, valued at $121,087,104. The trade was a 0.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 8,173 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $82.42, for a total transaction of $673,618.66. Following the completion of the transaction, the insider directly owned 513,981 shares of the company’s stock, valued at $42,362,314.02. The trade was a 1.57% 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 366,006 shares of company stock worth $29,155,301 in the last three months. 11.37% of the stock is owned by company insiders.

Block Trading Up 0.0%

XYZ stock opened at $83.58 on Monday. The company has a market capitalization of $50.21 billion, a price-to-earnings ratio of 149.25, a PEG ratio of 0.93 and a beta of 2.53. The business has a 50 day simple moving average of $79.64 and a two-hundred day simple moving average of $70.18. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92.

Block (NYSE:XYZ) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.48 by $0.54. The business had revenue of $6.62 billion during the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. Block’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the business 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. Research analysts anticipate that Block, Inc. will post 2.72 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.