FLC Capital Advisors Takes Position in Block, Inc. $XYZ

FLC Capital Advisors bought a new stake in shares of Block, Inc. (NYSE:XYZ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,949 shares of the technology company’s stock, valued at approximately $517,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cibc World Market Inc. increased its position in shares of Block by 24.0% in the third quarter. Cibc World Market Inc. now owns 179,271 shares of the technology company’s stock valued at $12,956,000 after buying an additional 34,678 shares in the last quarter. New York Life Investment Management LLC purchased a new position in shares of Block in the third quarter valued at $5,400,000. Vanguard Group Inc. increased its position in shares of Block by 23.1% in the third quarter. Vanguard Group Inc. now owns 67,626,485 shares of the technology company’s stock valued at $4,887,366,000 after buying an additional 12,709,824 shares in the last quarter. Inceptionr LLC increased its position in shares of Block by 455.1% in the third quarter. Inceptionr LLC now owns 19,480 shares of the technology company’s stock valued at $1,408,000 after buying an additional 15,971 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Block by 145.9% in the third quarter. PNC Financial Services Group Inc. now owns 55,396 shares of the technology company’s stock valued at $4,003,000 after buying an additional 32,865 shares in the last quarter. Institutional investors own 70.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Needham & Company LLC increased their price objective on Block from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Cantor Fitzgerald increased their price objective on Block from $78.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. TD Cowen increased their price objective on Block from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Piper Sandler increased their price objective on Block from $51.00 to $58.00 and gave the company an “underweight” rating in a research note on Friday, May 8th. Finally, BTIG Research reaffirmed a “buy” rating and set a $90.00 price objective on shares of Block in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.12.

Block Stock Down 3.7%

Shares of NYSE:XYZ opened at $68.25 on Friday. The stock’s 50-day moving average price is $68.17 and its two-hundred day moving average price is $64.06. The firm has a market cap of $40.62 billion, a price-to-earnings ratio of 53.32, a PEG ratio of 0.92 and a beta of 2.56. 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, 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 data on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. The company had revenue of $6.06 billion for the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last 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, research analysts forecast that Block, Inc. will post 2.42 EPS for the current year.

Insider Buying and Selling

In other news, insider Owen Britton Jennings sold 1,316 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $68.54, for a total value of $90,198.64. Following the transaction, the insider directly owned 479,662 shares in the company, valued at $32,876,033.48. This trade represents a 0.27% decrease in their position. The transaction 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, insider Chrysty Esperanza sold 3,000 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 value of $225,000.00. Following the completion of the transaction, the insider owned 268,169 shares in the company, valued at approximately $20,112,675. This trade represents a 1.11% decrease in their ownership of the stock. 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. Over the last quarter, insiders sold 181,680 shares of company stock worth $13,774,881. Corporate insiders own 11.37% of the company’s stock.

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.