Block, Inc. $XYZ Shares Sold by Hyperion Asset Management Ltd

Hyperion Asset Management Ltd decreased its holdings in shares of Block, Inc. (NYSE:XYZ) by 18.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,193,746 shares of the technology company’s stock after selling 489,108 shares during the period. Block makes up approximately 4.4% of Hyperion Asset Management Ltd’s holdings, making the stock its 11th largest position. Hyperion Asset Management Ltd owned approximately 0.37% of Block worth $161,306,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of XYZ. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Block by 1.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 72,826 shares of the technology company’s stock worth $5,355,000 after purchasing an additional 1,209 shares during the period. CWA Asset Management Group LLC lifted its holdings in shares of Block by 17.7% in the 3rd quarter. CWA Asset Management Group LLC now owns 5,263 shares of the technology company’s stock valued at $387,000 after buying an additional 793 shares during the period. SteelPeak Wealth LLC acquired a new position in Block during the third quarter worth $339,000. Banque Pictet & Cie SA grew its holdings in Block by 4.8% during the third quarter. Banque Pictet & Cie SA now owns 7,757 shares of the technology company’s stock worth $570,000 after acquiring an additional 357 shares during the period. Finally, V Square Quantitative Management LLC grew its holdings in Block by 6.5% during the third quarter. V Square Quantitative Management LLC now owns 5,945 shares of the technology company’s stock worth $437,000 after acquiring an additional 363 shares during the period. 70.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on XYZ. BTIG Research reiterated a “buy” rating and issued a $100.00 price target on shares of Block in a report on Friday, September 25th. Morgan Stanley reissued an “overweight” rating on shares of Block in a report on Wednesday, August 5th. Citigroup upped their target price on shares of Block from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Needham & Company LLC increased their target price on shares of Block from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Susquehanna lifted their price target on shares of Block from $90.00 to $100.00 and gave the company a “positive” rating in a research report on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Block presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.39.

Insider Activity

In other news, Director Anthony Eisen sold 41,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $85.85, for a total transaction of $3,519,850.00. Following the completion of the sale, the director directly owned 1,566,672 shares of the company’s stock, valued at $134,498,791.20. The trade was a 2.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 9,511 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was 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 approximately $34,889,486.66. This trade represents a 2.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 308,565 shares of company stock valued at $24,872,046 in the last 90 days. 11.37% of the stock is currently owned by insiders.

Block Price Performance

NYSE:XYZ traded up $1.07 during mid-day trading on Tuesday, hitting $78.57. 1,537,177 shares of the company’s stock traded hands, compared to its average volume of 6,164,853. 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 cap of $47.21 billion, a PE ratio of 140.28, a price-to-earnings-growth ratio of 0.81 and a beta of 2.55. The firm’s 50 day simple moving average is $78.74 and its 200 day simple moving average is $75.12. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.92.

Block (NYSE:XYZ) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The company had revenue of $6.62 billion for the quarter. During the same period last year, the company earned $0.62 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. 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 expect that Block, Inc. will post 2.74 EPS for the current year.

Block Profile

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.