Block, Inc. $XYZ Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp raised its stake in Block, Inc. (NYSE:XYZ) by 1,115.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 71,630 shares of the technology company’s stock after purchasing an additional 65,736 shares during the period. Fifth Third Bancorp’s holdings in Block were worth $4,311,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in XYZ. Sound Income Strategies LLC increased its stake in Block by 57.1% during the fourth 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 during the last quarter. Rachor Investment Advisory Services LLC bought a new stake in shares of Block during the fourth quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC boosted its position in Block by 57.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock worth $40,000 after acquiring an additional 223 shares during the period. Darwin Wealth Management LLC acquired a new stake in Block in the second quarter worth about $43,000. Finally, Osbon Capital Management LLC acquired a new stake in shares of Block in the 4th quarter worth approximately $43,000. 70.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on XYZ shares. Barclays assumed coverage on Block in a research note on Tuesday, July 7th. They set an “overweight” rating and a $100.00 target price for the company. Oppenheimer downgraded shares of Block from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Zacks Research raised shares of Block from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. Robert W. Baird boosted their target price on Block from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Finally, Weiss Ratings upgraded shares of Block from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $88.64.

Block Stock Down 1.9%

Shares of XYZ stock opened at $80.00 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a fifty day moving average price of $73.76 and a 200 day moving average price of $66.62. Block, Inc. has a one year low of $48.21 and a one year high of $84.08. The stock has a market cap of $47.62 billion, a P/E ratio of 62.50, a price-to-earnings-growth ratio of 1.01 and a beta of 2.54.

Block (NYSE:XYZ) last posted its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.55. The business had revenue of $6.06 billion for the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period 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. Analysts predict that Block, Inc. will post 2.48 earnings per share for the current year.

Insider Buying and Selling at Block

In related news, Director Anthony Mathew Eisen sold 135,750 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the completion of the sale, the director owned 2,032,990 shares in the company, valued at $156,153,961.90. This trade represents a 6.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Amrita Ahuja sold 30,919 shares of Block stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total transaction of $2,318,925.00. Following the transaction, the chief financial officer directly owned 500,816 shares of the company’s stock, valued at $37,561,200. This represents a 5.81% 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 three months, insiders sold 357,219 shares of company stock valued at $27,286,681. 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.