Handelsbanken Fonder AB Has $12.27 Million Stake in Block, Inc. $XYZ

Handelsbanken Fonder AB decreased its stake in shares of Block, Inc. (NYSE:XYZ) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 188,451 shares of the technology company’s stock after selling 28,580 shares during the quarter. Handelsbanken Fonder AB’s holdings in Block were worth $12,266,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Cibc World Market Inc. grew its position in shares of Block by 24.0% during the 3rd quarter. Cibc World Market Inc. now owns 179,271 shares of the technology company’s stock worth $12,956,000 after buying an additional 34,678 shares during the period. New York Life Investment Management LLC acquired a new stake in shares of Block during the 3rd quarter worth approximately $5,400,000. Principal Financial Group Inc. grew its position in shares of Block by 2,385.3% during the 3rd quarter. Principal Financial Group Inc. now owns 612,358 shares of the technology company’s stock worth $44,255,000 after buying an additional 587,719 shares during the period. Hartford Investment Management Co. acquired a new stake in shares of Block during the 3rd quarter worth approximately $2,323,000. Finally, Mutual of America Capital Management LLC acquired a new stake in shares of Block during the 3rd quarter worth approximately $4,305,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Block Stock Performance

NYSE XYZ opened at $68.69 on Friday. The company has a fifty day simple moving average of $65.66 and a 200 day simple moving average of $63.75. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $82.50. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. The company has a market cap of $40.89 billion, a P/E ratio of 53.67, a PEG ratio of 0.93 and a beta of 2.57.

Block (NYSE:XYZ) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.55. The business had revenue of $6.06 billion during the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 EPS. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Sell-side analysts predict that Block, Inc. will post 2.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Truist Financial raised their price objective on shares of Block from $77.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Rothschild & Co Redburn raised shares of Block from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $45.00 to $55.00 in a research report on Wednesday, March 18th. HSBC raised shares of Block from a “hold” rating to a “buy” rating and raised their price objective for the stock from $70.00 to $77.00 in a research report on Tuesday, March 3rd. Loop Capital began coverage on shares of Block in a research report on Tuesday, March 31st. They issued a “buy” rating and a $75.00 price target for the company. Finally, Wall Street Zen raised shares of Block from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Block has an average rating of “Moderate Buy” and an average target price of $84.94.

Insider Activity

In other Block news, insider Brian Grassadonia sold 10,349 shares of Block stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $50.00, for a total transaction of $517,450.00. Following the transaction, the insider directly owned 503,784 shares of the company’s stock, valued at $25,189,200. The trade was a 2.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Owen Britton Jennings sold 3,555 shares of Block stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $63.41, for a total transaction of $225,422.55. Following the transaction, the insider directly owned 231,262 shares in the company, valued at $14,664,323.42. This represents a 1.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 50,352 shares of company stock valued at $3,445,228 over the last quarter. 11.37% of the stock is owned by insiders.

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.