Alamar Capital Management LLC Acquires New Stake in Block, Inc. $XYZ

Alamar Capital Management LLC bought a new position in shares of Block, Inc. (NYSE:XYZ) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 28,075 shares of the technology company’s stock, valued at approximately $1,690,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC lifted its holdings in shares of Block by 57.1% in 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 in the last quarter. Global Assets Advisory LLC bought a new position in shares of Block during the first quarter worth about $31,000. Rachor Investment Advisory Services LLC acquired a new stake in Block in the 4th quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC raised its position in Block by 57.6% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after buying an additional 223 shares during the last quarter. Finally, Osbon Capital Management LLC bought a new stake in Block in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Wall Street Analyst Weigh In

XYZ has been the subject of a number of recent research reports. Oppenheimer downgraded Block from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Clear Str raised shares of Block to a “hold” rating in a research report on Thursday, July 16th. Rosenblatt Securities set a $100.00 target price on shares of Block in a report on Tuesday, June 30th. Piper Sandler raised shares of Block from an “underweight” rating to an “overweight” rating and raised their target price for the company from $58.00 to $100.00 in a research report on Monday, June 29th. Finally, Morgan Stanley lifted their price target on shares of Block from $96.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Five research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Block currently has an average rating of “Moderate Buy” and a consensus price target of $89.13.

Insiders Place Their Bets

In other news, insider Brian Grassadonia sold 43,348 shares of Block stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the completion of the transaction, the insider directly owned 557,654 shares in the company, valued at approximately $44,612,320. The trade was a 7.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 8,093 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $75.00, for a total value of $606,975.00. Following the transaction, the chief financial officer directly owned 463,246 shares in the company, valued at $34,743,450. The trade was a 1.72% 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. Insiders have sold a total of 323,300 shares of company stock valued at $24,742,756 over the last 90 days. 11.37% of the stock is currently owned by insiders.

Block Stock Performance

Shares of XYZ opened at $77.52 on Thursday. The firm has a 50-day moving average of $74.20 and a 200-day moving average of $66.92. Block, Inc. has a one year low of $48.21 and a one year high of $84.08. The company has a market cap of $46.14 billion, a PE ratio of 60.56, a price-to-earnings-growth ratio of 1.02 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 issued its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The company had revenue of $6.06 billion for the quarter. During the same period in the previous year, the company posted $0.56 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. As a group, equities analysts forecast that Block, Inc. will post 2.48 earnings per share for the current year.

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.