15,500 Shares in Block, Inc. $XYZ Purchased by TCM Advisors LLC

TCM Advisors LLC bought a new position in Block, Inc. (NYSE:XYZ) in the second quarter, HoldingsChannel reports. The fund bought 15,500 shares of the technology company’s stock, valued at approximately $590,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Elevation Wealth Partners LLC boosted its holdings in shares of Block by 301.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after acquiring an additional 292 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Block during the first quarter valued at approximately $31,000. Rachor Investment Advisory Services LLC purchased a new position in shares of Block during the fourth quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC lifted its position in Block by 57.6% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after purchasing an additional 223 shares during the period. Finally, Osbon Capital Management LLC bought a new position in Block during the fourth quarter valued at approximately $43,000. Institutional investors own 70.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on XYZ. Robert W. Baird set a $105.00 target price on shares of Block in a report on Thursday, August 6th. Argus boosted their target price on shares of Block from $86.00 to $103.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft raised Block to a “buy” rating in a report on Tuesday, June 30th. Jefferies Financial Group began coverage on Block in a research note on Tuesday, June 30th. They issued a “hold” rating on the stock. Finally, Clear Str raised Block to a “hold” rating in a report on Thursday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.23.

Insider Activity at Block

In related news, CFO Amrita Ahuja sold 8,971 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $85.85, for a total value of $770,160.35. Following the completion of the sale, the chief financial officer directly owned 454,275 shares of the company’s stock, valued at approximately $38,999,508.75. This represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 43,348 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the sale, the insider owned 557,654 shares in the company, valued at approximately $44,612,320. The trade was a 7.21% 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. In the last ninety days, insiders sold 461,070 shares of company stock worth $36,261,272. 11.37% of the stock is owned by company insiders.

Block Price Performance

NYSE XYZ opened at $82.15 on Monday. The business’s fifty day moving average is $78.74 and its 200 day moving average is $69.23. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $86.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market capitalization of $49.36 billion, a PE ratio of 146.70, a price-to-earnings-growth ratio of 0.92 and a beta of 2.53.

Block (NYSE:XYZ) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The business had revenue of $6.62 billion during the quarter. During the same quarter in the previous year, the company earned $0.62 EPS. The business’s quarterly revenue 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. Sell-side analysts predict that Block, Inc. will post 2.69 earnings per share for the current year.

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.