Oakmont Investment Advisors Inc. Takes Position in Block, Inc. $XYZ

Oakmont Investment Advisors Inc. bought a new stake in shares of Block, Inc. (NYSE:XYZ) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 6,200 shares of the technology company’s stock, valued at approximately $471,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elevation Wealth Partners LLC grew its position in Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after acquiring an additional 292 shares in the last quarter. Global Assets Advisory LLC acquired a new position in shares of Block during the first quarter worth $31,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Block by 57.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after purchasing an additional 223 shares during the period. Darwin Wealth Management LLC acquired a new stake in Block during the 2nd quarter valued at $43,000. Finally, Osbon Capital Management LLC acquired a new stake in Block during the 4th quarter valued at $43,000. 70.44% of the stock is owned by institutional investors and hedge funds.

Block Stock Performance

Shares of XYZ opened at $82.83 on Friday. The business’s fifty day moving average price is $80.35 and its 200 day moving average price is $71.08. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $86.92. The stock has a market capitalization of $49.76 billion, a PE ratio of 147.91, a price-to-earnings-growth ratio of 0.88 and a beta of 2.52. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21.

Block (NYSE:XYZ) last released 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 firm 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 business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 EPS. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Equities research analysts forecast that Block, Inc. will post 2.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Rosenblatt Securities set a $100.00 price objective on shares of Block in a report on Tuesday, June 30th. Oppenheimer restated an “outperform” rating and set a $97.00 target price on shares of Block in a research note on Thursday, August 6th. Robert W. Baird set a $105.00 target price on Block in a research report on Thursday, August 6th. Craig Hallum began coverage on Block in a research note on Tuesday, June 30th. They issued a “buy” rating on the stock. Finally, Susquehanna increased 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. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

Insider Activity

In other Block news, CFO Amrita Ahuja sold 9,511 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $82.43, for a total value of $783,991.73. Following the transaction, the chief financial officer owned 423,262 shares of the company’s stock, valued at $34,889,486.66. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 43,348 shares of Block stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total value of $3,467,840.00. Following the completion of the transaction, the insider owned 557,654 shares of the company’s stock, valued at approximately $44,612,320. The trade was a 7.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 384,006 shares of company stock valued at $30,695,321. Company insiders own 11.37% of the company’s stock.

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.