56,953 Shares in Block, Inc. $XYZ Acquired by OP Asset Management Ltd

Posted by Francis Steltz on Jun 28th, 2026

OP Asset Management Ltd acquired a new stake in shares of Block, Inc. (NYSE:XYZ – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 56,953 shares of the technology company’s stock, valued at approximately $3,427,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ameriprise Financial Inc. acquired a new position in Block in the second quarter worth $535,305,000. Norges Bank acquired a new stake in shares of Block during the 4th quarter worth approximately $484,387,000. Capital World Investors raised its position in shares of Block by 192.7% during the 3rd quarter. Capital World Investors now owns 11,296,224 shares of the technology company’s stock valued at $816,378,000 after acquiring an additional 7,436,380 shares during the last quarter. Viking Global Investors LP bought a new stake in Block in the second quarter valued at about $368,213,000. Finally, Invesco Ltd. increased its stake in shares of Block by 241.4% in the 3rd quarter. Invesco Ltd. now owns 3,778,298 shares of the technology company’s stock valued at $273,058,000 after acquiring an additional 2,671,713 shares during the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.

Block Stock Performance

Shares of XYZ opened at $77.70 on Friday. The stock has a market capitalization of $46.25 billion, a price-to-earnings ratio of 60.70, a PEG ratio of 1.01 and a beta of 2.56. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $82.50. The firm has a fifty day simple moving average of $71.56 and a 200 day simple moving average of $65.13. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The firm had revenue of $6.06 billion for the quarter. During the same period last year, the firm earned $0.56 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Research analysts forecast that Block, Inc. will post 2.47 EPS for the current fiscal year.

Insider Transactions at Block

In related news, Director Anthony Mathew Eisen sold 135,750 shares of Block stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the completion of the transaction, the director owned 2,032,990 shares in the company, valued at approximately $156,153,961.90. This trade represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian Grassadonia sold 8,166 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $68.01, for a total value of $555,369.66. Following the transaction, the insider directly owned 601,002 shares in the company, valued at approximately $40,874,146.02. This trade represents a 1.34% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 237,773 shares of company stock worth $17,802,636 in the last ninety days. Insiders own 11.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. BTIG Research restated a “buy” rating and set a $90.00 price objective on shares of Block in a report on Friday, May 8th. Wall Street Zen raised shares of Block from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Bank of America lowered their price objective on shares of Block from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Piper Sandler raised their price objective on Block from $51.00 to $58.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. Finally, Weiss Ratings upgraded Block from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Four research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.42.

Get Our Latest Analysis on Block

Block Company Profile

(Free Report)

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.