Block, Inc. $XYZ Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC increased its holdings in Block, Inc. (NYSE:XYZ) by 13.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 88,876 shares of the technology company’s stock after acquiring an additional 10,285 shares during the period. NEOS Investment Management LLC’s holdings in Block were worth $6,755,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XYZ. Elevation Wealth Partners LLC lifted its stake in shares of Block by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after purchasing an additional 292 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Block during the 1st quarter worth $31,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Block by 57.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock worth $40,000 after purchasing an additional 223 shares during the last quarter. Osbon Capital Management LLC acquired a new stake in shares of Block during the 4th quarter worth about $43,000. Finally, Darwin Wealth Management LLC purchased a new stake in Block in the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Block Stock Performance

NYSE XYZ opened at $82.83 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The company has a market cap of $49.76 billion, a P/E ratio of 147.91, a P/E/G ratio of 0.87 and a beta of 2.52. The stock has a 50-day moving average of $80.35 and a two-hundred day moving average of $71.08. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92.

Block (NYSE:XYZ) last issued its quarterly 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. The business had revenue of $6.62 billion for the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.62 EPS. 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, analysts anticipate that Block, Inc. will post 2.72 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on XYZ shares. Argus upped their target price on shares of Block from $86.00 to $103.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Wolfe Research boosted their price target on shares of Block from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Citigroup upped their price objective on shares of Block from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Truist Financial increased their price objective on shares of Block from $82.00 to $93.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, The Goldman Sachs Group upgraded shares of Block from a “buy” rating to a “buy” rating in a report on Tuesday, June 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

Insider Buying and Selling at Block

In other Block news, CFO Amrita Ahuja sold 9,511 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $82.43, for a total value of $783,991.73. Following the completion of the transaction, the chief financial officer owned 423,262 shares in the company, valued at $34,889,486.66. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Eisen sold 6,000 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $82.51, for a total value of $495,060.00. Following the sale, the director directly owned 1,434,672 shares in the company, valued at $118,374,786.72. This represents a 0.42% 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 384,006 shares of company stock valued at $30,695,321 in the last quarter. Corporate insiders own 11.37% of the company’s stock.

Block 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.