Frank Rimerman Advisors LLC Takes $460,000 Position in Block, Inc. $XYZ

Frank Rimerman Advisors LLC bought a new position in shares of Block, Inc. (NYSE:XYZ) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,645 shares of the technology company’s stock, valued at approximately $460,000.

Several other institutional investors have also modified their holdings of the business. Sound Income Strategies LLC grew its stake in Block by 57.1% during the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock valued at $29,000 after purchasing an additional 161 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Block by 33.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock valued at $46,000 after purchasing an additional 179 shares in the last quarter. Merit Financial Group LLC raised its position in shares of Block by 3.7% in the 4th quarter. Merit Financial Group LLC now owns 5,270 shares of the technology company’s stock valued at $343,000 after purchasing an additional 188 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in shares of Block by 33.3% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 800 shares of the technology company’s stock valued at $58,000 after buying an additional 200 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its stake in shares of Block by 2.7% during the 4th quarter. Perigon Wealth Management LLC now owns 7,696 shares of the technology company’s stock valued at $501,000 after buying an additional 202 shares during the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XYZ. Weiss Ratings upgraded shares of Block from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Cantor Fitzgerald increased their price objective on shares of Block from $78.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Morgan Stanley raised their price objective on shares of Block from $96.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Rothschild & Co Redburn raised shares of 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. Finally, Keefe, Bruyette & Woods upped their target price on shares of Block from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $87.91.

Insider Activity

In other Block news, CFO Amrita Ahuja sold 30,919 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total value of $2,318,925.00. Following the transaction, the chief financial officer owned 500,816 shares of the company’s stock, valued at $37,561,200. This trade represents a 5.81% 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, Director Anthony Mathew Eisen sold 135,750 shares of Block stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $76.81, for a total value of $10,426,957.50. Following the completion of the transaction, the director owned 2,032,990 shares of the company’s stock, valued at approximately $156,153,961.90. The trade was a 6.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 345,219 shares of company stock valued at $26,343,121. Company insiders own 11.37% of the company’s stock.

Block Stock Performance

Shares of XYZ opened at $77.32 on Friday. The business’s fifty day moving average price is $72.88 and its 200 day moving average price is $66.11. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $82.50. The stock has a market capitalization of $46.02 billion, a PE ratio of 60.41, a price-to-earnings-growth ratio of 0.98 and a beta of 2.54. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99.

Block (NYSE:XYZ) last released its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.55. The firm 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 revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. Equities research analysts forecast that Block, Inc. will post 2.48 EPS for the current year.

More Block News

Here are the key news stories impacting Block this week:

• Positive Sentiment: Block was upgraded to a Zacks Rank #1 (Strong Buy), reflecting improved earnings optimism and adding to recent bullish momentum for the stock. Block (XYZ) Upgraded to Strong Buy: Here’s What You Should Know
• Positive Sentiment: Barclays upgraded Block to “strong-buy,” reinforcing the recent analyst-positive tone around the shares. Tickerreport.com
• Positive Sentiment: Block was added to multiple Zacks Strong Buy and momentum/value watchlists, which may support investor sentiment in the near term. Best Momentum Stocks to Buy for July 9th
• Positive Sentiment: Analysts continue to raise targets and maintain bullish views, including a recent move by Morgan Stanley to $98 and an overall “Moderate Buy” consensus. Block’s Pivot to Profits and AI Is Turning Heads
• Neutral Sentiment: Block’s consumer lending business is growing, with Cash App Borrow and Afterpay helping originations and gross profit, but rising credit losses remain a key offsetting risk. Block’s Consumer Lending Strengthening: Can it Offset Credit Risks?
• Negative Sentiment: Block agreed to pay $45 million to settle a 46-state probe over Cash App fraud protection and resolution practices, adding legal and regulatory pressure. Block reaches $45M settlement with 46 states over Cash App fraud probe
• Negative Sentiment: Recent insider sales by director Anthony Mathew Eisen and another executive may weigh on sentiment, even though the trades were made under a pre-arranged plan. MarketBeat Week in Review – 05/18 – 05/22

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.