Canada Pension Plan Investment Board purchased a new position in shares of Block, Inc. (NYSE:XYZ – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 505,000 shares of the technology company’s stock, valued at approximately $19,230,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Elevation Wealth Partners LLC grew its stake in shares of Block by 301.0% during the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after purchasing an additional 292 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Block during the 1st quarter worth about $31,000. Cary Street Partners Investment Advisory LLC raised its position 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 acquiring an additional 223 shares in the last quarter. Osbon Capital Management LLC purchased a new stake in Block during the fourth quarter worth approximately $43,000. Finally, Darwin Wealth Management LLC purchased a new stake in Block during the second quarter worth approximately $43,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Block
In other news, insider Brian Grassadonia sold 43,348 shares of Block stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total value of $3,467,840.00. Following the transaction, the insider directly owned 557,654 shares of the company’s stock, valued at $44,612,320. The trade was a 7.21% decrease in their position. The sale 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, CFO Amrita Ahuja sold 9,511 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $82.43, for a total transaction of $783,991.73. Following the completion of the sale, the chief financial officer owned 423,262 shares of the company’s stock, valued at approximately $34,889,486.66. This trade represents a 2.20% decrease in their position. 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 ninety days, insiders have sold 501,756 shares of company stock worth $39,582,259. Insiders own 11.37% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Analysis on XYZ
Block Stock Down 1.5%
Shares of NYSE XYZ opened at $83.58 on Friday. The business has a 50-day moving average price of $79.64 and a 200 day moving average price of $70.09. The stock has a market cap of $50.21 billion, a PE ratio of 149.25, a price-to-earnings-growth ratio of 0.95 and a beta of 2.53. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $86.92.
Block (NYSE:XYZ – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The company had revenue of $6.62 billion for the quarter. During the same period last year, the firm earned $0.62 EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Equities research analysts forecast that Block, Inc. will post 2.69 earnings per share for the current year.
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.
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