Proficio Capital Partners LLC Takes $245,000 Position in Block, Inc. $XYZ

Posted by Stanley Muller on Aug 30th, 2026

Proficio Capital Partners LLC acquired a new position in 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 firm acquired 6,422 shares of the technology company’s stock, valued at approximately $245,000.

Several other hedge funds have also recently made changes to their positions in XYZ. BlackRock Inc. bought a new stake in Block in the second quarter valued at $621,703,000. Ameriprise Financial Inc. purchased a new stake in shares of Block in the 2nd quarter worth about $535,305,000. Norges Bank purchased a new stake in shares of Block in the 4th quarter worth about $484,387,000. Viking Global Investors LP bought a new stake in shares of Block during the 2nd quarter valued at about $368,213,000. Finally, Capital World Investors increased its position in shares of Block by 41.8% during the fourth quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock valued at $1,042,966,000 after buying an additional 4,727,217 shares during the period. 70.44% of the stock is owned by hedge funds and other institutional investors.

Block Trading Down 1.5%

Shares of NYSE:XYZ opened at $83.58 on Friday. The stock has a 50 day moving average of $79.64 and a 200 day moving average of $70.09. The company has a market cap of $50.21 billion, a PE ratio of 149.25, a price-to-earnings-growth ratio of 0.93 and a beta of 2.53. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $86.92. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ – Get Free Report) last posted its earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. The firm had revenue of $6.62 billion during the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 earnings per share. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, equities research analysts expect that Block, Inc. will post 2.72 EPS for the current year.

Insider Transactions at Block

In other Block news, insider Brian Grassadonia sold 43,348 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the completion of the sale, the insider directly owned 557,654 shares of the company’s stock, valued at approximately $44,612,320. This represents a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 stock was sold at an average price of $82.43, for a total value of $783,991.73. Following the transaction, the chief financial officer directly owned 423,262 shares in the company, valued at approximately $34,889,486.66. The trade was a 2.20% 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 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

XYZ has been the topic of a number of research analyst reports. Citigroup upped their target price on Block from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Needham & Company LLC raised their target price on Block from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. William Blair lowered Block to a “market perform” rating in a research report on Tuesday, June 30th. Truist Financial upped their price target on Block from $82.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Susquehanna increased their price objective on Block from $90.00 to $100.00 and gave the stock a “positive” rating in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Block currently has an average rating of “Moderate Buy” and a consensus price target of $95.84.

Get Our Latest Stock Analysis on XYZ

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.