NEOS Investment Management LLC Raises Stake in Block, Inc. $XYZ

NEOS Investment Management LLC boosted its position in shares of Block, Inc. (NYSE:XYZ) by 13.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 88,876 shares of the technology company’s stock after acquiring an additional 10,285 shares during the period. NEOS Investment Management LLC’s holdings in Block were worth $6,755,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. AXQ Capital LP purchased a new stake in shares of Block during the 2nd quarter worth $1,040,000. iSAM Funds UK Ltd purchased a new position in Block in the second quarter valued at $433,000. Nykredit A S purchased a new position in Block in the second quarter valued at $13,291,000. MBA Advisors LLC acquired a new stake in Block in the second quarter valued at $247,000. Finally, Keeler Thomas Management LLC lifted its holdings in Block by 7.0% during the 2nd quarter. Keeler Thomas Management LLC now owns 24,390 shares of the technology company’s stock worth $1,854,000 after buying an additional 1,601 shares during the last quarter. 70.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Rosenblatt Securities set a $100.00 target price on Block in a research note on Tuesday, June 30th. BTIG Research upped their target price on shares of Block from $90.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $95.00 target price on shares of Block in a research report on Thursday, August 6th. Morgan Stanley reiterated an “overweight” rating on shares of Block in a research note on Wednesday, August 5th. Finally, Scotiabank started coverage on Block in a research report on Wednesday. They set a “sector perform” rating and a $82.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

Block Trading Down 0.6%

NYSE XYZ opened at $82.83 on Friday. Block, Inc. has a one year low of $48.21 and a one year high of $86.92. The firm has a market cap of $49.76 billion, a PE ratio of 147.91, a P/E/G ratio of 0.87 and a beta of 2.52. The firm’s fifty day moving average is $80.35 and its two-hundred day moving average is $71.08. 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 released its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) 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%.The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period 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. Analysts expect that Block, Inc. will post 2.72 earnings per share for the current year.

Insider Activity

In other news, Director Anthony Eisen sold 41,000 shares of the company’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 $3,519,850.00. Following the completion of the sale, the director owned 1,566,672 shares in the company, valued at $134,498,791.20. This represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 9,511 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $82.43, for a total value of $783,991.73. Following the sale, the chief financial officer directly owned 423,262 shares of the company’s stock, valued at approximately $34,889,486.66. This represents a 2.20% 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. Over the last 90 days, insiders have sold 384,006 shares of company stock valued at $30,695,321. Company 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.