Hyperion Asset Management Ltd Has $203.90 Million Stake in Block, Inc. $XYZ

Hyperion Asset Management Ltd boosted its position in shares of Block, Inc. (NYSE:XYZ) by 6.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,682,854 shares of the technology company’s stock after buying an additional 172,848 shares during the period. Block accounts for about 5.4% of Hyperion Asset Management Ltd’s investment portfolio, making the stock its 7th largest holding. Hyperion Asset Management Ltd’s holdings in Block were worth $203,897,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased 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 buying an additional 161 shares in the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of Block by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after acquiring an additional 292 shares in the last quarter. Global Assets Advisory LLC acquired a new position in shares of Block in the 1st quarter worth approximately $31,000. Rachor Investment Advisory Services LLC bought a new stake in Block during the 4th quarter worth approximately $32,000. Finally, Cary Street Partners Investment Advisory LLC grew its position in 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 acquiring an additional 223 shares during the last quarter. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on XYZ shares. Rosenblatt Securities set a $100.00 price target on Block in a report on Tuesday, June 30th. Weiss Ratings raised Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Argus increased their target price on Block from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley restated an “overweight” rating on shares of Block in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group raised Block from a “buy” rating to a “buy” rating in a report on Tuesday, June 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $94.74.

Block Stock Down 0.0%

NYSE XYZ opened at $78.96 on Wednesday. The stock has a market capitalization of $46.99 billion, a P/E ratio of 140.99, a price-to-earnings-growth ratio of 0.96 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. The stock has a fifty day moving average of $76.86 and a 200-day moving average of $68.26.

Block (NYSE:XYZ) last posted 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. The business 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 revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior 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. On average, equities research analysts forecast that Block, Inc. will post 2.49 EPS for the current year.

Insider Buying and Selling

In other Block news, insider Brian Grassadonia sold 25,908 shares of Block stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $81.64, for a total transaction of $2,115,129.12. Following the completion of the sale, the insider owned 531,746 shares of the company’s stock, valued at approximately $43,411,743.44. The trade was a 4.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 8,971 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $85.85, for a total transaction of $770,160.35. Following the sale, the chief financial officer owned 454,275 shares of the company’s stock, valued at $38,999,508.75. The trade was a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 447,179 shares of company stock valued at $35,014,655 over the last ninety days. Insiders own 11.37% of the company’s stock.

Block Company 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.