Biondo Investment Advisors LLC Sells 9,685 Shares of Block, Inc. $XYZ

Biondo Investment Advisors LLC lowered its stake in Block, Inc. (NYSE:XYZ) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,733 shares of the technology company’s stock after selling 9,685 shares during the quarter. Biondo Investment Advisors LLC’s holdings in Block were worth $9,095,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Block in the 3rd quarter valued at $28,000. Sound Income Strategies LLC increased its stake in shares of Block by 57.1% in the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock valued at $29,000 after acquiring an additional 161 shares in the last quarter. Rachor Investment Advisory Services LLC bought a new stake in shares of Block in the 4th quarter valued at $32,000. Rothschild Investment LLC increased its stake in shares of Block by 59.7% in the 3rd quarter. Rothschild Investment LLC now owns 495 shares of the technology company’s stock valued at $36,000 after acquiring an additional 185 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Block by 59.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the technology company’s stock valued at $38,000 after acquiring an additional 196 shares in the last quarter. Institutional investors own 70.44% of the company’s stock.

Insider Transactions at Block

In other news, Director Anthony Mathew Eisen sold 6,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $66.64, for a total value of $399,840.00. Following the completion of the sale, the director owned 1,990,990 shares in the company, valued at $132,679,573.60. This represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 30,919 shares of the company’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total transaction of $2,318,925.00. Following the completion of the sale, the chief financial officer owned 500,816 shares of the company’s stock, valued at approximately $37,561,200. The trade was a 5.81% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 199,680 shares of company stock worth $15,009,081. 11.37% of the stock is owned by insiders.

Block Stock Performance

NYSE XYZ opened at $69.49 on Friday. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $82.50. 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 firm has a market cap of $41.36 billion, a price-to-earnings ratio of 54.29, a PEG ratio of 0.90 and a beta of 2.56. The company has a fifty day moving average price of $69.20 and a 200-day moving average price of $64.35.

Block (NYSE:XYZ) last posted its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The firm had revenue of $6.06 billion during the quarter. During the same quarter in the previous year, the company earned $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 research analysts predict that Block, Inc. will post 2.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on XYZ shares. Zacks Research upgraded shares of Block from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. HSBC upgraded shares of Block from a “hold” rating to a “buy” rating and boosted their price target for the company from $70.00 to $77.00 in a research note on Tuesday, March 3rd. Citigroup boosted their price target on shares of Block from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Royal Bank Of Canada boosted their price target 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. Finally, Cantor Fitzgerald boosted their price target 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. Four research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.42.

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.