Leonteq Securities AG Has $1.95 Million Position in Block, Inc. $XYZ

Leonteq Securities AG increased its stake in Block, Inc. (NYSE:XYZ) by 199.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,442 shares of the technology company’s stock after purchasing an additional 21,618 shares during the period. Leonteq Securities AG’s holdings in Block were worth $1,952,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. bought a new position in Block in the 2nd quarter valued at $535,305,000. Norges Bank acquired a new position in shares of Block during the fourth quarter valued at $484,387,000. Capital World Investors boosted its holdings in Block by 192.7% in the third quarter. Capital World Investors now owns 11,296,224 shares of the technology company’s stock valued at $816,378,000 after acquiring an additional 7,436,380 shares during the last quarter. Viking Global Investors LP acquired a new stake in Block in the second quarter worth about $368,213,000. Finally, Invesco Ltd. increased its position in Block by 241.4% in the third quarter. Invesco Ltd. now owns 3,778,298 shares of the technology company’s stock worth $273,058,000 after purchasing an additional 2,671,713 shares during the period. Institutional investors and hedge funds own 70.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on XYZ shares. The Goldman Sachs Group upgraded shares of Block from a “buy” rating to a “buy” rating in a research report on Tuesday. BTIG Research reiterated a “buy” rating and set a $90.00 price target on shares of Block in a research report on Friday, May 8th. Robert W. Baird boosted their price target on shares of Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday. Piper Sandler upgraded shares of Block from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $58.00 to $100.00 in a report on Monday. Finally, Wall Street Zen raised shares of Block from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.56.

Insider Activity at Block

In other news, CFO Amrita Ahuja sold 8,093 shares of Block stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $75.00, for a total transaction of $606,975.00. Following the transaction, the chief financial officer directly owned 463,246 shares of the company’s stock, valued at $34,743,450. This trade represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 36,000 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $79.83, for a total transaction of $2,873,880.00. Following the completion of the transaction, the director directly owned 1,874,672 shares of the company’s stock, valued at $149,655,065.76. This trade represents a 1.88% decrease in their position. 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. Insiders sold 291,773 shares of company stock valued at $22,057,296 in the last ninety days. Insiders own 11.37% of the company’s stock.

Block Price Performance

Block stock opened at $78.71 on Friday. The firm has a market capitalization of $46.85 billion, a P/E ratio of 61.50, a PEG ratio of 0.98 and a beta of 2.54. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $82.50. The business has a 50-day moving average of $72.04 and a 200-day moving average of $65.56. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last announced its quarterly earnings results 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 net margin of 3.30% and a return on equity of 7.02%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business 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. On average, equities analysts anticipate that Block, Inc. will post 2.48 EPS for the current year.

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.