Block, Inc. $XYZ Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in Block, Inc. (NYSE:XYZ) by 11.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,740 shares of the technology company’s stock after purchasing an additional 12,910 shares during the quarter. ProShare Advisors LLC’s holdings in Block were worth $8,054,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in XYZ. Baird Financial Group Inc. acquired a new position in Block in the second quarter valued at $1,866,000. Brown Advisory Inc. acquired a new position in Block in the second quarter valued at $516,000. Jump Financial LLC acquired a new position in Block in the second quarter valued at $385,000. Federated Hermes Inc. acquired a new position in Block in the second quarter valued at $53,000. Finally, Cerity Partners LLC acquired a new position in Block in the second quarter valued at $1,861,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Brian Grassadonia sold 1,769 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $60.25, for a total value of $106,582.25. Following the completion of the sale, the insider owned 500,763 shares of the company’s stock, valued at $30,170,970.75. This represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Owen Britton Jennings sold 583 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $69.83, for a total value of $40,710.89. Following the completion of the sale, the insider directly owned 480,978 shares of the company’s stock, valued at $33,586,693.74. The trade was a 0.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 50,352 shares of company stock worth $3,445,228 over the last three months. 11.37% of the stock is currently owned by corporate insiders.

Block Price Performance

XYZ stock opened at $68.69 on Friday. The stock has a 50-day moving average price of $65.66 and a two-hundred day moving average price of $63.75. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $82.50. 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 company has a market cap of $40.89 billion, a PE ratio of 53.67, a price-to-earnings-growth ratio of 0.93 and a beta of 2.57.

Block (NYSE:XYZ) last posted its quarterly 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 return on equity of 7.02% and a net margin of 3.30%.The firm had revenue of $6.06 billion during the quarter. During the same period last year, the firm posted $0.56 EPS. Block’s revenue was up 4.9% on a year-over-year basis. 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, research analysts predict that Block, Inc. will post 2.4 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XYZ. Loop Capital began coverage on Block in a research note on Tuesday, March 31st. They issued a “buy” rating and a $75.00 target price for the company. Rothschild & Co Redburn upgraded Block from a “sell” rating to a “neutral” rating and upped their target price for the company from $45.00 to $55.00 in a research note on Wednesday, March 18th. Cantor Fitzgerald boosted their price target on Block from $78.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Bank of America lowered their price target on Block from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Finally, Royal Bank Of Canada boosted their price target on Block from $90.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.94.

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.