Eurizon Asset Management Hungary Ltd. Invests $976,000 in Block, Inc. $XYZ

Eurizon Asset Management Hungary Ltd. bought a new position in Block, Inc. (NYSE:XYZ) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 15,000 shares of the technology company’s stock, valued at approximately $976,000. Block comprises 13.8% of Eurizon Asset Management Hungary Ltd.’s holdings, making the stock its 3rd largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cibc World Market Inc. grew its position in shares of Block by 24.0% during the third quarter. Cibc World Market Inc. now owns 179,271 shares of the technology company’s stock worth $12,956,000 after purchasing an additional 34,678 shares in the last quarter. New York Life Investment Management LLC bought a new stake in shares of Block in the 3rd quarter valued at approximately $5,400,000. Vanguard Group Inc. lifted its stake 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 valued at $4,887,366,000 after purchasing an additional 12,709,824 shares during the last quarter. Inceptionr LLC lifted its stake in shares of Block by 455.1% in the 3rd quarter. Inceptionr LLC now owns 19,480 shares of the technology company’s stock valued at $1,408,000 after purchasing an additional 15,971 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Block by 145.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 55,396 shares of the technology company’s stock worth $4,003,000 after acquiring an additional 32,865 shares during the last quarter. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Block Stock Performance

Shares of XYZ stock opened at $68.25 on Friday. The stock has a market cap of $40.62 billion, a PE ratio of 53.32, a price-to-earnings-growth ratio of 0.92 and a beta of 2.56. The business has a 50-day simple moving average of $68.17 and a 200-day simple moving average of $64.06. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $82.50.

Block (NYSE:XYZ) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, beating 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 quarter in the prior year, the firm earned $0.56 EPS. Block’s revenue for the quarter was up 4.9% on a year-over-year basis. 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 analysts expect that Block, Inc. will post 2.42 EPS for the current year.

Insider Activity at Block

In other Block news, insider Brian Grassadonia sold 8,166 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $68.01, for a total transaction of $555,369.66. Following the completion of the sale, the insider directly owned 601,002 shares in the company, valued at approximately $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 accessible through 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 that occurred on Monday, June 1st. The shares were sold at an average price of $76.81, for a total value of $10,426,957.50. Following the completion of the sale, the director owned 2,032,990 shares of the company’s stock, valued at $156,153,961.90. This trade represents a 6.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 181,680 shares of company stock worth $13,774,881 in the last quarter. Corporate insiders own 11.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on XYZ. Piper Sandler raised their price target on Block from $51.00 to $58.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. HSBC upgraded Block from a “hold” rating to a “buy” rating and lifted their price target for the company from $70.00 to $77.00 in a report on Tuesday, March 3rd. Bank of America cut their price target on Block from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Raymond James Financial raised Block to a “moderate buy” rating in a research report on Friday, February 27th. Finally, Zacks Research cut Block from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $85.12.

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.