Clearbridge Investments LLC lessened its holdings in Block, Inc. (NYSE:XYZ – Free Report) by 4.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,477,895 shares of the technology company’s stock after selling 72,259 shares during the period. Clearbridge Investments LLC’s holdings in Block were worth $96,196,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Baird Financial Group Inc. bought a new stake in Block during the 2nd quarter worth approximately $1,866,000. Brown Advisory Inc. bought a new stake in Block during the 2nd quarter worth approximately $516,000. Jump Financial LLC bought a new stake in Block during the 2nd quarter worth approximately $385,000. Federated Hermes Inc. bought a new stake in Block during the 2nd quarter worth approximately $53,000. Finally, Cerity Partners LLC bought a new stake in Block during the 2nd quarter worth approximately $1,861,000. Institutional investors own 70.44% of the company’s stock.
Insider Buying and Selling at Block
In other Block news, Director Anthony Mathew Eisen sold 6,000 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $68.22, for a total transaction of $409,320.00. Following the completion of the sale, the director directly owned 2,002,990 shares of the company’s stock, valued at $136,643,977.80. This trade represents a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Owen Britton Jennings sold 1,316 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $68.54, for a total transaction of $90,198.64. Following the completion of the transaction, the insider directly owned 479,662 shares of the company’s stock, valued at approximately $32,876,033.48. This trade represents a 0.27% 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 sold 193,680 shares of company stock worth $14,609,241. Insiders own 11.37% of the company’s stock.
Block Trading Up 2.5%
Block (NYSE:XYZ – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The business had revenue of $6.06 billion during the quarter. During the same period last year, the business earned $0.56 earnings per share. The company’s quarterly revenue 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. On average, equities analysts expect that Block, Inc. will post 2.42 earnings per share for the current fiscal year.
Analyst Ratings Changes
XYZ has been the topic of a number of recent analyst reports. Oppenheimer restated an “outperform” rating and set a $91.00 target price on shares of Block in a research note on Friday, May 8th. Loop Capital initiated coverage on shares of Block in a research note on Tuesday, March 31st. They set a “buy” rating and a $75.00 target price on the stock. Canaccord Genuity Group raised their target price on shares of Block from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Morgan Stanley raised their target price on shares of Block from $96.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Finally, Royal Bank Of Canada raised their target price on shares of Block from $90.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.42.
View Our Latest Stock Report on Block
About Block
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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