Ieq Capital LLC Makes New $6.29 Million Investment in Block, Inc. $XYZ

Ieq Capital LLC bought a new stake in Block, Inc. (NYSE:XYZ) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 165,056 shares of the technology company’s stock, valued at approximately $6,285,000.

Several other large investors also recently modified their holdings of XYZ. Allstate Corp lifted its stake in Block by 91.9% in the fourth quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock valued at $2,557,000 after buying an additional 18,812 shares in the last quarter. National Pension Service increased its position in shares of Block by 8.4% during the fourth quarter. National Pension Service now owns 833,124 shares of the technology company’s stock worth $54,228,000 after acquiring an additional 64,674 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Block by 7.2% during the fourth quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock worth $79,749,000 after acquiring an additional 82,446 shares during the period. Mawer Investment Management Ltd. acquired a new stake in shares of Block during the fourth quarter worth $3,062,000. Finally, Eurizon Asset Management Hungary Ltd. acquired a new stake in shares of Block during the fourth quarter worth $976,000. 70.44% of the stock is currently owned by institutional investors.

Insider Activity at Block

In other news, Director Anthony Mathew Eisen sold 135,750 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the sale, the director owned 2,032,990 shares in the company, valued at $156,153,961.90. This represents a 6.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Amrita Ahuja sold 8,971 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $85.85, for a total value of $770,160.35. Following the completion of the sale, the chief financial officer directly owned 454,275 shares of the company’s stock, valued at approximately $38,999,508.75. The trade was a 1.94% 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. Over the last ninety days, insiders sold 461,070 shares of company stock valued at $36,261,272. Insiders own 11.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Rosenblatt Securities set a $100.00 target price on shares of Block in a research note on Tuesday, June 30th. Needham & Company LLC lifted their price target on Block from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Susquehanna boosted their price target on Block from $90.00 to $100.00 and gave the company a “positive” rating in a report on Thursday, August 6th. Argus upped their price objective on Block from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Robert W. Baird set a $105.00 price objective on Block in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Block has an average rating of “Moderate Buy” and an average price target of $95.23.

Block Stock Down 0.0%

Shares of XYZ stock opened at $82.15 on Monday. The firm’s fifty day moving average price is $78.74 and its two-hundred day moving average price is $69.23. 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, Inc. has a 1 year low of $48.21 and a 1 year high of $86.75. The firm has a market capitalization of $49.36 billion, a P/E ratio of 146.70, a PEG ratio of 0.92 and a beta of 2.53.

Block (NYSE:XYZ) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. The company had revenue of $6.62 billion during the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, equities analysts predict that Block, Inc. will post 2.69 EPS for the current fiscal 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.