Aaron Wealth Advisors LLC Buys 7,662 Shares of Block, Inc. $XYZ

Aaron Wealth Advisors LLC increased its position in Block, Inc. (NYSE:XYZ) by 108.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,742 shares of the technology company’s stock after buying an additional 7,662 shares during the period. Aaron Wealth Advisors LLC’s holdings in Block were worth $887,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of XYZ. Sound Income Strategies LLC grew its holdings in shares of 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 buying an additional 161 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 worth $46,000 after acquiring an additional 179 shares during the last quarter. Merit Financial Group LLC lifted its position in 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 acquiring an additional 188 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in Block by 33.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 800 shares of the technology company’s stock valued at $58,000 after acquiring an additional 200 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its stake in 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 purchasing an additional 202 shares during the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Arete Research raised Block from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Morgan Stanley raised their target price on Block from $96.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Rothschild & Co Redburn raised Block from a “sell” rating to a “neutral” rating and lifted their target price for the company from $45.00 to $55.00 in a research report on Wednesday, March 18th. Royal Bank Of Canada upped their price target on Block from $90.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Piper Sandler upped their price target on Block from $51.00 to $58.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Four analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Block has a consensus rating of “Moderate Buy” and a consensus price target of $85.42.

Insider Transactions at Block

In related news, CFO Amrita Ahuja sold 8,093 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $75.00, for a total transaction of $606,975.00. Following the sale, the chief financial officer owned 463,246 shares of the company’s stock, valued at approximately $34,743,450. This represents a 1.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $74.01, for a total value of $444,060.00. Following the completion of the transaction, the director owned 1,940,672 shares of the company’s stock, valued at approximately $143,629,134.72. This represents a 0.31% 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. Insiders have sold a total of 237,773 shares of company stock worth $17,802,636 in the last three months. 11.37% of the stock is currently owned by insiders.

Block Stock Performance

Shares of XYZ stock opened at $77.70 on Friday. The stock has a market capitalization of $46.25 billion, a P/E ratio of 60.70, a PEG ratio of 0.96 and a beta of 2.56. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $71.56 and its 200 day moving average is $65.13. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $82.50.

Block (NYSE:XYZ) last released its quarterly earnings data 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 during the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, sell-side analysts anticipate that Block, Inc. will post 2.42 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.