Arrowstreet Capital Limited Partnership Buys 2,782,523 Shares of Block, Inc. $XYZ

Arrowstreet Capital Limited Partnership lifted its stake in shares of Block, Inc. (NYSE:XYZ) by 528.2% in the 1st quarter, HoldingsChannel reports. The firm owned 3,309,296 shares of the technology company’s stock after buying an additional 2,782,523 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Block were worth $199,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in XYZ. Sound Income Strategies LLC raised its stake in shares of 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 during the period. EverSource Wealth Advisors LLC increased its position in shares of Block by 33.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock worth $46,000 after purchasing an additional 179 shares during the last quarter. Merit Financial Group LLC lifted its holdings in shares of Block by 3.7% during the 4th quarter. Merit Financial Group LLC now owns 5,270 shares of the technology company’s stock worth $343,000 after acquiring an additional 188 shares during the last quarter. Carson Advisory Inc. raised its position in Block by 2.6% in the 1st quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company’s stock worth $484,000 after purchasing an additional 200 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in Block by 33.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 800 shares of the technology company’s stock worth $58,000 after acquiring an additional 200 shares during the last quarter. 70.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on XYZ. Royal Bank Of Canada lifted their target price on shares of Block from $90.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Needham & Company LLC raised their price target on shares of Block from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, May 8th. BTIG Research reissued a “buy” rating and set a $90.00 price objective on shares of Block in a report on Friday, May 8th. Weiss Ratings upgraded shares of Block from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. Finally, Oppenheimer cut shares of Block from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Block currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.84.

Block Price Performance

Shares of XYZ stock opened at $77.19 on Friday. The firm has a market capitalization of $45.94 billion, a price-to-earnings ratio of 60.31, a PEG ratio of 0.96 and a beta of 2.54. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The stock’s 50-day simple moving average is $74.44 and its 200-day simple moving average is $67.07. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $84.08.

Block (NYSE:XYZ) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The company had revenue of $6.06 billion during the quarter. During the same period in the prior year, the firm posted $0.56 EPS. The business’s revenue 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 fiscal year.

Insider Buying and Selling

In other Block news, insider Brian Grassadonia sold 43,348 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the sale, the insider directly owned 557,654 shares in the company, valued at $44,612,320. This represents a 7.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $76.81, for a total transaction 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. This trade represents a 6.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 323,300 shares of company stock worth $24,742,756. 11.37% of the stock is owned by corporate 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.