Generali Asset Management SPA SGR Sells 13,306 Shares of Block, Inc. $XYZ

Generali Asset Management SPA SGR lessened its position in shares of Block, Inc. (NYSE:XYZ) by 95.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 608 shares of the technology company’s stock after selling 13,306 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Block were worth $40,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Howard Capital Management Inc. raised its holdings in Block by 3.2% during the 3rd quarter. Howard Capital Management Inc. now owns 4,439 shares of the technology company’s stock worth $321,000 after purchasing an additional 138 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Block by 23.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 853 shares of the technology company’s stock worth $66,000 after buying an additional 160 shares during the period. Sound Income Strategies LLC raised its stake in shares of Block by 57.1% during the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after buying an additional 161 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Block by 0.8% in the third quarter. Jones Financial Companies Lllp now owns 21,183 shares of the technology company’s stock valued at $1,561,000 after buying an additional 167 shares during the period. Finally, Vista Investment Partners II LLC boosted its stake in Block by 3.6% in the third quarter. Vista Investment Partners II LLC now owns 5,334 shares of the technology company’s stock valued at $385,000 after acquiring an additional 184 shares during the last quarter. Institutional investors own 70.44% of the company’s stock.

Block News Roundup

Here are the key news stories impacting Block this week:

• Positive Sentiment: Block reported Q1 EPS of $0.85, well above estimates, while revenue came in at $6.06 billion and gross profit growth remained resilient across Cash App and Square. Block (XYZ) Q1 Earnings Surpass Estimates
• Positive Sentiment: Management raised 2026 guidance, with full-year EPS now expected at $3.85 and Q2 EPS guidance also above Wall Street expectations, reinforcing confidence in the company’s outlook. Block Lifts Guidance on Higher Payment Volumes, Boom in Lending
• Positive Sentiment: Several analysts turned more upbeat after the report, including Citigroup, RBC, KBW, Needham, and BTIG, with multiple firms raising price targets and reiterating buy/outperform ratings. Analyst price target updates on Block
• Neutral Sentiment: Some investors may note that one analyst, Piper Sandler, kept an underweight rating even while raising its price target, indicating there is still some debate over how much upside remains. Piper Sandler price target update on Block

Block Trading Up 0.0%

Shares of NYSE XYZ opened at $74.86 on Monday. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $82.50. The stock has a market cap of $44.85 billion, a price-to-earnings ratio of 58.48, a P/E/G ratio of 1.09 and a beta of 2.57. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average is $63.99 and its 200-day moving average is $64.19.

Block (NYSE:XYZ) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 EPS. 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 research analysts predict that Block, Inc. will post 2.22 EPS for the current year.

Insider Transactions at Block

In other Block news, insider Brian Grassadonia sold 1,769 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $60.25, for a total value of $106,582.25. Following the sale, the insider owned 500,763 shares in the company, valued at approximately $30,170,970.75. The trade was a 0.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 that occurred on 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 transaction, the chief financial officer directly owned 500,816 shares of the company’s stock, valued at approximately $37,561,200. This trade represents a 5.81% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 49,725 shares of company stock worth $3,401,393 in the last 90 days. 11.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on XYZ. Rothschild & Co Redburn upgraded shares of Block from a “sell” rating to a “neutral” rating and upped their target price for the company from $45.00 to $55.00 in a research report on Wednesday, March 18th. Needham & Company LLC raised their price target on Block from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday. BTIG Research reiterated a “buy” rating and issued a $90.00 price objective on shares of Block in a report on Friday. Weiss Ratings lowered Block from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Finally, Piper Sandler raised their target price on Block from $51.00 to $58.00 and gave the stock an “underweight” rating in a report on Friday. Four research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $84.51.

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.