National Pension Service Raises Stake in Block, Inc. $XYZ

National Pension Service raised its stake in Block, Inc. (NYSE:XYZ) by 8.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 833,124 shares of the technology company’s stock after buying an additional 64,674 shares during the period. National Pension Service’s holdings in Block were worth $54,228,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC grew its holdings in shares of Block by 15.4% during the 4th quarter. Intech Investment Management LLC now owns 30,154 shares of the technology company’s stock worth $1,963,000 after purchasing an additional 4,025 shares during the period. Huntington National Bank grew its holdings in shares of Block by 19.0% during the 4th quarter. Huntington National Bank now owns 2,440 shares of the technology company’s stock worth $159,000 after purchasing an additional 390 shares during the period. Kingsview Wealth Management LLC purchased a new position in shares of Block during the 4th quarter worth $545,000. Geode Capital Management LLC grew its holdings in shares of Block by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock worth $934,121,000 after purchasing an additional 67,560 shares during the period. Finally, Malaga Cove Capital LLC grew its holdings in shares of Block by 65.8% during the 4th quarter. Malaga Cove Capital LLC now owns 10,249 shares of the technology company’s stock worth $667,000 after purchasing an additional 4,069 shares during the period. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

Block Price Performance

XYZ opened at $75.69 on Friday. The stock’s 50-day moving average price is $66.96 and its 200 day moving average price is $63.79. 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 firm has a market cap of $45.05 billion, a price-to-earnings ratio of 59.14, a PEG ratio of 0.99 and a beta of 2.57.

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 return on equity of 7.02% and a net margin of 3.30%.The firm had revenue of $6.06 billion for the quarter. During the same period in the previous year, the company 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, sell-side analysts expect that Block, Inc. will post 2.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. BMO Capital Markets assumed coverage on Block in a report on Tuesday, April 21st. They set a “market perform” rating and a $74.00 price target for the company. The Goldman Sachs Group reiterated a “buy” rating on shares of Block in a report on Friday, May 8th. Truist Financial increased their price target on Block from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday. Wall Street Zen upgraded Block from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, TD Cowen increased their price target on Block from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $85.12.

Insider Transactions at Block

In related news, CFO Amrita Ahuja sold 30,919 shares of the stock in a transaction dated 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 transaction, the chief financial officer owned 500,816 shares of the company’s stock, valued at approximately $37,561,200. This represents a 5.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Owen Britton Jennings sold 3,555 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $63.41, for a total value of $225,422.55. Following the transaction, the insider directly owned 231,262 shares in the company, valued at approximately $14,664,323.42. The trade was a 1.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 49,485 shares of company stock worth $3,573,346 in the last 90 days. Insiders own 11.37% of the company’s stock.

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.