Biondo Investment Advisors LLC Sells 9,685 Shares of Block, Inc. $XYZ

Biondo Investment Advisors LLC reduced its stake in Block, Inc. (NYSE:XYZ) by 6.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 139,733 shares of the technology company’s stock after selling 9,685 shares during the quarter. Biondo Investment Advisors LLC’s holdings in Block were worth $9,095,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Block in the 3rd quarter worth about $28,000. Sound Income Strategies LLC boosted its holdings in shares of Block by 57.1% in the 4th 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. Rachor Investment Advisory Services LLC purchased a new position in shares of Block in the 4th quarter worth about $32,000. Rothschild Investment LLC boosted its holdings in shares of Block by 59.7% in the 3rd quarter. Rothschild Investment LLC now owns 495 shares of the technology company’s stock worth $36,000 after buying an additional 185 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Block by 59.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the technology company’s stock worth $38,000 after buying an additional 196 shares during the last quarter. 70.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Block

In other Block news, Director Anthony Mathew Eisen sold 6,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $66.64, for a total transaction of $399,840.00. Following the sale, the director directly owned 1,990,990 shares of the company’s stock, valued at $132,679,573.60. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 dated Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total transaction 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 199,680 shares of company stock valued at $15,009,081. Insiders own 11.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on XYZ. Truist Financial boosted their price target on shares of Block from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Loop Capital began coverage on shares of Block in a report on Tuesday, March 31st. They issued a “buy” rating and a $75.00 price target on the stock. Needham & Company LLC boosted their price target on shares of Block from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 8th. BMO Capital Markets began coverage on shares of Block in a report on Tuesday, April 21st. They issued a “market perform” rating and a $74.00 price target on the stock. Finally, Oppenheimer reissued an “outperform” rating and issued a $91.00 price target on shares of Block in a report on Friday, May 8th. Four equities research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Block presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.42.

Block Price Performance

NYSE XYZ opened at $69.49 on Friday. The company has a market cap of $41.36 billion, a PE ratio of 54.29, a price-to-earnings-growth ratio of 0.90 and a beta of 2.56. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $82.50. 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 firm’s 50-day simple moving average is $69.20 and its two-hundred day simple moving average is $64.35.

Block (NYSE:XYZ) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.30 by $0.55. The business had revenue of $6.06 billion for the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. Block’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $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. Research analysts predict that Block, Inc. will post 2.42 earnings per share for the current year.

Block 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.