Kingsview Wealth Management LLC Makes New Investment in Block, Inc. $XYZ

Kingsview Wealth Management LLC bought a new stake in shares of Block, Inc. (NYSE:XYZ) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 8,375 shares of the technology company’s stock, valued at approximately $545,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Block by 23.1% in the 3rd quarter. Vanguard Group Inc. now owns 67,626,485 shares of the technology company’s stock worth $4,887,366,000 after buying an additional 12,709,824 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Block during the 2nd quarter valued at about $535,305,000. Capital World Investors raised its stake in Block by 192.7% during the third quarter. Capital World Investors now owns 11,296,224 shares of the technology company’s stock worth $816,378,000 after acquiring an additional 7,436,380 shares during the period. Viking Global Investors LP acquired a new stake in Block during the second quarter worth about $368,213,000. Finally, Invesco Ltd. lifted its holdings in Block by 241.4% in the third quarter. Invesco Ltd. now owns 3,778,298 shares of the technology company’s stock worth $273,058,000 after acquiring an additional 2,671,713 shares during the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Block

In other Block news, CFO Amrita Ahuja sold 30,919 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The shares were 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 trade represents a 5.81% decrease in their position. The transaction 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 1,316 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $68.54, for a total transaction of $90,198.64. Following the completion of the sale, the insider directly owned 479,662 shares of the company’s stock, valued at approximately $32,876,033.48. This represents a 0.27% decrease in their ownership of the stock. 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 have sold 45,930 shares of company stock valued at $3,347,924 in the last ninety days. Company insiders own 11.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on XYZ. Oppenheimer reaffirmed an “outperform” rating and set a $91.00 target price on shares of Block in a report on Friday, May 8th. Rothschild & Co Redburn raised Block from a “sell” rating to a “neutral” rating and raised their price target for the stock from $45.00 to $55.00 in a report on Wednesday, March 18th. The Goldman Sachs Group restated a “buy” rating on shares of Block in a research report on Friday, May 8th. Wall Street Zen upgraded Block from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Arete Research upgraded Block from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.12.

Block Stock Performance

Shares of XYZ stock opened at $74.27 on Wednesday. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $82.50. 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 firm has a market capitalization of $44.20 billion, a price-to-earnings ratio of 58.02, a price-to-earnings-growth ratio of 0.99 and a beta of 2.56. The business has a 50 day simple moving average of $67.30 and a 200 day simple moving average of $63.84.

Block (NYSE:XYZ) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.06 billion during the quarter. During the same quarter last year, the firm posted $0.56 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. 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, equities research analysts anticipate that Block, Inc. will post 2.42 EPS for the current year.

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.