Block, Inc. $XYZ Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in Block, Inc. (NYSE:XYZ) by 77.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 198,276 shares of the technology company’s stock after buying an additional 86,256 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Block were worth $11,932,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of XYZ. Sound Income Strategies LLC lifted its holdings in Block by 57.1% during the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after buying an additional 161 shares in the last quarter. Rachor Investment Advisory Services LLC purchased a new position in Block in the 4th quarter valued at approximately $32,000. EverSource Wealth Advisors LLC grew its stake in shares of Block by 59.0% in the third quarter. EverSource Wealth Advisors LLC now owns 528 shares of the technology company’s stock worth $38,000 after acquiring an additional 196 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of Block by 57.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock worth $40,000 after acquiring an additional 223 shares in the last quarter. Finally, Osbon Capital Management LLC purchased a new stake in shares of Block during the fourth quarter worth $43,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Block Price Performance

Shares of NYSE:XYZ opened at $77.70 on Friday. Block, Inc. has a one year low of $48.21 and a one year high of $82.50. The stock has a market capitalization of $46.25 billion, a price-to-earnings ratio of 60.70, a PEG ratio of 1.01 and a beta of 2.56. The company has a 50-day simple moving average of $71.56 and a 200-day simple moving average of $65.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99.

Block (NYSE:XYZ) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The firm had revenue of $6.06 billion during the quarter. During the same period in the prior year, the business earned $0.56 earnings per share. Block’s revenue for the quarter 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, analysts predict that Block, Inc. will post 2.47 EPS for the current year.

Insider Buying and Selling

In related news, insider Brian Grassadonia sold 8,166 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $68.01, for a total value of $555,369.66. Following the sale, the insider directly owned 601,002 shares in the company, valued at $40,874,146.02. The trade was a 1.34% 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, Director Anthony Mathew Eisen sold 135,750 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the completion of the sale, the director directly owned 2,032,990 shares in the company, valued at $156,153,961.90. This trade represents a 6.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 237,773 shares of company stock valued at $17,802,636. 11.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Cantor Fitzgerald lifted their price target on shares of Block from $78.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Oppenheimer reissued an “outperform” rating and issued a $91.00 price objective on shares of Block in a research report on Friday, May 8th. Morgan Stanley raised their price objective on shares of Block from $96.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Piper Sandler lifted their price objective on shares of Block from $51.00 to $58.00 and gave the stock an “underweight” rating in a research report on Friday, May 8th. Finally, Bank of America lowered their target price on shares of Block from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.42.

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.