Motley Fool Asset Management LLC Buys 14,286 Shares of Block, Inc. $XYZ

Motley Fool Asset Management LLC lifted its stake in Block, Inc. (NYSE:XYZ) by 33.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 56,532 shares of the technology company’s stock after acquiring an additional 14,286 shares during the period. Motley Fool Asset Management LLC’s holdings in Block were worth $3,680,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Sound Income Strategies LLC lifted its stake in shares of 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 period. EverSource Wealth Advisors LLC raised its position in Block by 33.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock worth $46,000 after purchasing an additional 179 shares in the last quarter. Rothschild Investment LLC raised its position in Block by 59.7% in the third quarter. Rothschild Investment LLC now owns 495 shares of the technology company’s stock worth $36,000 after purchasing an additional 185 shares in the last quarter. Legacy Financial Advisors Inc. raised its position in Block by 4.9% in the third quarter. Legacy Financial Advisors Inc. now owns 3,938 shares of the technology company’s stock worth $285,000 after purchasing an additional 185 shares in the last quarter. Finally, Merit Financial Group LLC raised its position in Block by 3.7% in the fourth quarter. Merit Financial Group LLC now owns 5,270 shares of the technology company’s stock worth $343,000 after purchasing an additional 188 shares in the last quarter. Institutional investors own 70.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on XYZ. Bank of America dropped their price target on shares of Block from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Oppenheimer reissued an “outperform” rating and issued a $91.00 price target on shares of Block in a research report on Friday, May 8th. Raymond James Financial raised shares of Block to a “moderate buy” rating in a research report on Friday, February 27th. TD Cowen increased their price target on shares of Block from $91.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, Canaccord Genuity Group upped their price objective 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. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.42.

Block Trading Down 2.4%

XYZ opened at $66.67 on Thursday. The firm’s fifty day moving average is $68.82 and its two-hundred day moving average is $64.26. 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 cap of $39.68 billion, a PE ratio of 52.08, a price-to-earnings-growth ratio of 0.88 and a beta of 2.56. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $82.50.

Block (NYSE:XYZ) last posted its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The company had revenue of $6.06 billion for the quarter. During the same quarter last year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. 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 anticipate that Block, Inc. will post 2.42 EPS for the current year.

Insiders Place Their Bets

In related news, 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 value of $90,198.64. Following the completion of the transaction, the insider 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 135,750 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the completion of the transaction, the director directly owned 2,032,990 shares of the company’s stock, valued at approximately $156,153,961.90. This trade represents a 6.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 193,680 shares of company stock valued at $14,609,241 in the last quarter. Company insiders own 11.37% of the company’s stock.

Block Company 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.