Block, Inc. $XYZ is Contour Asset Management LLC’s 2nd Largest Position

Posted by Brenda Bartman on Jun 18th, 2026

Contour Asset Management LLC raised its holdings in Block, Inc. (NYSE:XYZ – Free Report) by 30.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,666,891 shares of the technology company’s stock after acquiring an additional 1,088,299 shares during the quarter. Block makes up about 7.1% of Contour Asset Management LLC’s holdings, making the stock its 2nd largest holding. Contour Asset Management LLC’s holdings in Block were worth $303,768,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC purchased a new stake in Block in the third quarter valued at about $28,000. Sound Income Strategies LLC raised its stake in Block by 57.1% in the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock valued at $29,000 after buying an additional 161 shares during the last quarter. Rachor Investment Advisory Services LLC purchased a new stake in Block in the fourth quarter valued at about $32,000. Rothschild Investment LLC raised its stake in Block by 59.7% in the third quarter. Rothschild Investment LLC now owns 495 shares of the technology company’s stock valued at $36,000 after buying an additional 185 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Block by 59.0% in the third quarter. EverSource Wealth Advisors LLC now owns 528 shares of the technology company’s stock valued at $38,000 after buying an additional 196 shares during the last quarter. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on XYZ. Rothschild & Co Redburn upgraded Block from a “sell” rating to a “neutral” rating and increased their price target for the company from $45.00 to $55.00 in a research note on Wednesday, March 18th. BMO Capital Markets began coverage on Block in a research note on Tuesday, April 21st. They issued a “market perform” rating and a $74.00 price target for the company. Loop Capital started coverage on Block in a research note on Tuesday, March 31st. They issued a “buy” rating and a $75.00 price target for the company. Oppenheimer reissued an “outperform” rating and issued a $91.00 price objective on shares of Block in a report on Friday, May 8th. Finally, Keefe, Bruyette & Woods increased their price objective on Block from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Four investment 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 given a Sell rating to the company. Based on data from MarketBeat, Block presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.42.

Get Our Latest Stock Analysis on XYZ

Insider Buying and Selling

In related news, Director Anthony Mathew Eisen sold 6,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $72.26, for a total transaction of $433,560.00. Following the sale, the director directly owned 1,972,990 shares of the company’s stock, valued at $142,568,257.40. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 30,919 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total value of $2,318,925.00. Following the sale, the chief financial officer directly owned 500,816 shares in the company, valued at approximately $37,561,200. This trade represents a 5.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 211,680 shares of company stock valued at $15,861,321 in the last three months. 11.37% of the stock is currently owned by insiders.

Block Stock Down 2.5%

Shares of XYZ stock opened at $72.82 on Thursday. The stock’s 50-day simple moving average is $70.03 and its 200-day simple moving average is $64.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market capitalization of $43.34 billion, a PE ratio of 56.89, a P/E/G ratio of 0.97 and a beta of 2.56. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $82.50.

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 for the quarter, beating analysts’ consensus estimates of $0.30 by $0.55. The business had revenue of $6.06 billion for the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. 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 expect that Block, Inc. will post 2.42 earnings per share for the current year.

Block 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.