10,824 Shares in Block, Inc. $XYZ Bought by Leonteq Securities AG

Leonteq Securities AG acquired a new position in shares of Block, Inc. (NYSE:XYZ) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,824 shares of the technology company’s stock, valued at approximately $705,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ABN Amro Investment Solutions boosted its position in Block by 93.1% during the fourth quarter. ABN Amro Investment Solutions now owns 44,196 shares of the technology company’s stock worth $2,877,000 after purchasing an additional 21,303 shares in the last quarter. IFP Advisors Inc boosted its position in Block by 267.2% during the fourth quarter. IFP Advisors Inc now owns 136,793 shares of the technology company’s stock worth $8,904,000 after purchasing an additional 99,535 shares in the last quarter. Harvest Portfolios Group Inc. boosted its position in Block by 54.1% during the fourth quarter. Harvest Portfolios Group Inc. now owns 89,486 shares of the technology company’s stock worth $5,825,000 after purchasing an additional 31,399 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Block during the fourth quarter worth $927,000. Finally, ProShare Advisors LLC boosted its position in Block by 11.6% during the fourth quarter. ProShare Advisors LLC now owns 123,740 shares of the technology company’s stock worth $8,054,000 after purchasing an additional 12,910 shares in the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on XYZ. Rothschild & Co Redburn upgraded Block from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $45.00 to $55.00 in a research report on Wednesday, March 18th. Truist Financial boosted their target price on Block from $77.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Citigroup boosted their target price on Block from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. The Goldman Sachs Group reissued a “buy” rating on shares of Block in a research note on Friday, May 8th. Finally, Royal Bank Of Canada raised their price objective on shares of Block from $90.00 to $93.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.94.

Block Price Performance

NYSE:XYZ opened at $68.05 on Friday. The firm has a market cap of $40.50 billion, a price-to-earnings ratio of 53.17, a price-to-earnings-growth ratio of 0.90 and a beta of 2.57. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average is $65.73 and its two-hundred day moving average is $63.78. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $82.50.

Block (NYSE:XYZ) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) 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 period in the prior year, the business earned $0.56 earnings per share. Block’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. Research analysts expect that Block, Inc. will post 2.4 EPS for the current year.

Insider Activity

In other Block news, insider Brian Grassadonia sold 8,166 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $68.01, for a total transaction of $555,369.66. Following the sale, the insider directly owned 601,002 shares of the company’s stock, valued at $40,874,146.02. This trade represents a 1.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 firm’s stock in a transaction dated Tuesday, April 21st. The stock was 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 $37,561,200. This 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. Insiders sold 58,518 shares of company stock valued at $4,000,598 over the last quarter. 11.37% of the stock is currently owned by company insiders.

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.