Daiwa Securities Group Inc. lessened its position in shares of Block, Inc. (NYSE:XYZ – Free Report) by 99.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,462 shares of the technology company’s stock after selling 12,797,955 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Block were worth $5,758,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Sound Income Strategies LLC raised its stake in shares of Block by 57.1% during the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after acquiring an additional 161 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Block by 0.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 21,183 shares of the technology company’s stock worth $1,561,000 after acquiring an additional 167 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Block by 33.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock worth $46,000 after acquiring an additional 179 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of Block by 59.7% during the 3rd quarter. Rothschild Investment LLC now owns 495 shares of the technology company’s stock worth $36,000 after acquiring an additional 185 shares in the last quarter. Finally, Legacy Financial Advisors Inc. raised its stake in shares of Block by 4.9% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 3,938 shares of the technology company’s stock worth $285,000 after acquiring an additional 185 shares in the last quarter. Institutional investors own 70.44% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently commented on XYZ. The Goldman Sachs Group reiterated a “buy” rating on shares of Block in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Block from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Keefe, Bruyette & Woods boosted their price objective on shares of Block from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Rothschild & Co Redburn upgraded shares of Block from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $45.00 to $55.00 in a research note on Wednesday, March 18th. Finally, Oppenheimer reiterated an “outperform” rating and set a $91.00 price objective on shares of Block in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.12.
Block Trading Up 0.2%
Shares of NYSE:XYZ opened at $68.25 on Monday. The company has a quick ratio of 1.99, a current ratio of 1.99 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 $82.50. The stock has a market cap of $40.62 billion, a price-to-earnings ratio of 53.32, a PEG ratio of 0.88 and a beta of 2.56. The business has a 50-day moving average price of $68.17 and a 200-day moving average price of $64.09.
Block (NYSE:XYZ – Get Free Report) last released its earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter. During the same period last year, the firm earned $0.56 EPS. The company’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. Equities analysts predict that Block, Inc. will post 2.42 EPS for the current year.
Insider Activity
In other news, insider Owen Britton Jennings sold 1,316 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $68.54, for a total value of $90,198.64. Following the sale, the insider directly owned 479,662 shares of the company’s stock, valued at $32,876,033.48. This represents a 0.27% 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 30,919 shares of the company’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total transaction of $2,318,925.00. Following the completion of the sale, the chief financial officer directly owned 500,816 shares in the company, valued at $37,561,200. This trade represents a 5.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 181,680 shares of company stock valued at $13,774,881. 11.37% of the stock is owned by insiders.
Block 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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