Block, Inc. $XYZ Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S reduced its position in shares of Block, Inc. (NYSE:XYZ) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,768 shares of the technology company’s stock after selling 19,104 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Block were worth $10,529,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted 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 worth $4,887,366,000 after acquiring an additional 12,709,824 shares during the last quarter. Geode Capital Management LLC lifted its position in Block by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock valued at $934,121,000 after buying an additional 67,560 shares in the last quarter. Sands Capital Management LLC lifted its position in Block by 12.2% during the third quarter. Sands Capital Management LLC now owns 11,603,057 shares of the technology company’s stock valued at $838,553,000 after buying an additional 1,262,317 shares in the last quarter. Capital World Investors lifted its position in Block by 192.7% during the third quarter. Capital World Investors now owns 11,296,224 shares of the technology company’s stock valued at $816,378,000 after buying an additional 7,436,380 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in Block during the second quarter valued at approximately $535,305,000. 70.44% of the stock is owned by institutional investors and hedge funds.

Block Trading Down 3.7%

XYZ opened at $68.25 on Friday. The firm has a market capitalization of $40.62 billion, a P/E ratio of 53.32, a P/E/G ratio of 0.88 and a beta of 2.56. The firm’s 50 day moving average is $68.17 and its 200-day moving average is $64.06. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $82.50. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. The business had revenue of $6.06 billion during the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 EPS. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Analysts expect that Block, Inc. will post 2.42 EPS for the current fiscal year.

Analysts Set New Price Targets

XYZ has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their price target on shares of Block from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Zacks Research cut shares of Block from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. BTIG Research reaffirmed a “buy” rating and set a $90.00 price target on shares of Block in a research report on Friday, May 8th. Bank of America reduced their price target on shares of Block from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Finally, Rothschild & Co Redburn upgraded shares of Block from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $45.00 to $55.00 in a research note on Wednesday, March 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.12.

Insiders Place Their Bets

In related news, insider Brian Grassadonia sold 8,166 shares of Block stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $68.01, for a total value of $555,369.66. Following the completion of the sale, the insider owned 601,002 shares in the company, valued at approximately $40,874,146.02. The trade was a 1.34% decrease in their ownership of the stock. The sale was disclosed in a filing 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, insider Owen Britton Jennings sold 1,316 shares of Block stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $68.54, for a total transaction of $90,198.64. Following the completion of the sale, the insider owned 479,662 shares of the company’s stock, valued at approximately $32,876,033.48. This trade represents a 0.27% decrease in their position. 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 quarter, insiders have sold 181,680 shares of company stock valued at $13,774,881. 11.37% of the stock is owned by insiders.

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.