Evanson Financial LLC Takes $1.68 Million Position in Block, Inc. $XYZ

Evanson Financial LLC bought a new position in shares of Block, Inc. (NYSE:XYZ) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 22,160 shares of the technology company’s stock, valued at approximately $1,684,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ameriprise Financial Inc. bought a new stake in shares of Block during the second quarter worth approximately $535,305,000. Norges Bank bought a new position in shares of Block during the fourth quarter worth approximately $484,387,000. Viking Global Investors LP acquired a new stake in Block during the 2nd quarter worth approximately $368,213,000. Capital World Investors lifted its holdings in Block by 41.8% during the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock worth $1,042,966,000 after purchasing an additional 4,727,217 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Block by 528.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock valued at $199,153,000 after purchasing an additional 2,782,523 shares during the period. Institutional investors and hedge funds own 70.44% of the company’s stock.

More Block News

Here are the key news stories impacting Block this week:

• Positive Sentiment: Block beat second-quarter expectations. Adjusted earnings were $1.02 per share, ahead of estimates of $0.48–$0.86 and up from $0.62 a year earlier. Revenue rose 9.3% year over year to $6.62 billion, supported by strength in Cash App and Square. Block Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised its earnings outlook. Block forecast third-quarter EPS of $1.02, above the $0.93 consensus, and lifted fiscal 2026 EPS guidance to $4.02 from expectations of $3.62. Management also highlighted 25% gross-profit growth, record margins and momentum from AI-driven products. Block Q2 Earnings Call Highlights
• Positive Sentiment: Analysts increased their targets. TD Cowen raised its target to $105, while RBC, Keefe Bruyette & Woods, Susquehanna and Needham also lifted targets, generally maintaining bullish ratings. Cantor Fitzgerald reaffirmed its overweight rating with a $95 target.
• Neutral Sentiment: Options activity was unusually bullish. Investors purchased 42,107 call options, approximately 55% above typical daily call volume, suggesting increased speculative interest but not guaranteeing sustained buying.
• Negative Sentiment: Insiders sold shares. Director Anthony Mathew Eisen sold 47,000 shares for roughly $4.0 million across two transactions, while Brian Grassadonia sold 25,908 shares for about $2.1 million. All sales were conducted under pre-arranged Rule 10b5-1 plans, reducing their negative significance, but the transactions may still pressure sentiment.
• Negative Sentiment: Valuation and expectations remain elevated. With a high P/E ratio and the stock near its 52-week high, investors may be taking profits even after the earnings beat. Future gains will likely depend on Block converting AI initiatives, cost reductions and Cash App/Square growth into durable profitability.

Block Price Performance

Shares of NYSE XYZ opened at $79.36 on Friday. The stock has a market capitalization of $47.23 billion, a PE ratio of 141.72, a P/E/G ratio of 1.06 and a beta of 2.53. 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 business has a fifty day moving average price of $76.64 and a two-hundred day moving average price of $67.95. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $86.75.

Block (NYSE:XYZ) last released its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.54. Block had a return on equity of 8.09% and a net margin of 1.43%.The company had revenue of $6.62 billion for the quarter. During the same period last year, the company posted $0.62 earnings per share. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, equities analysts predict that Block, Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Activity

In other Block news, insider Brian Grassadonia sold 25,908 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $81.64, for a total value of $2,115,129.12. Following the transaction, the insider directly owned 531,746 shares of the company’s stock, valued at $43,411,743.44. This trade represents a 4.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $83.07, for a total transaction of $498,420.00. Following the completion of the transaction, the director owned 1,560,672 shares of the company’s stock, valued at $129,645,023.04. The trade was a 0.38% decrease in their ownership of the stock. 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 432,208 shares of company stock valued at $33,773,675 in the last ninety days. 11.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on XYZ. UBS Group upped their price objective on Block from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday. Barclays initiated coverage on shares of Block in a research report on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 target price for the company. Rosenblatt Securities set a $100.00 price target on shares of Block in a research note on Tuesday, June 30th. Craig Hallum began coverage on shares of Block in a research report on Tuesday, June 30th. They set a “buy” rating on the stock. Finally, Royal Bank Of Canada lifted their price objective on shares of Block from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.75.

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.