Y.D. More Investments Ltd Sells 11,477 Shares of Block, Inc. $XYZ

Y.D. More Investments Ltd decreased its holdings in shares of Block, Inc. (NYSE:XYZ) by 94.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 730 shares of the technology company’s stock after selling 11,477 shares during the quarter. Y.D. More Investments Ltd’s holdings in Block were worth $44,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XYZ. Baird Financial Group Inc. bought a new stake in shares of Block in the second quarter valued at approximately $1,866,000. Brown Advisory Inc. bought a new position in Block during the second quarter worth $516,000. Jump Financial LLC acquired a new position in Block during the 2nd quarter valued at $385,000. Federated Hermes Inc. acquired a new position in Block during the 2nd quarter valued at $53,000. Finally, Cerity Partners LLC acquired a new position in Block during the 2nd quarter valued at $1,861,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Insider Activity

In other Block news, Director Anthony Mathew Eisen sold 6,000 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $78.35, for a total value of $470,100.00. Following the transaction, the director directly owned 1,838,672 shares in the company, valued at $144,059,951.20. The trade was a 0.33% decrease in their ownership of the stock. 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, insider Brian Grassadonia sold 43,348 shares of the company’s stock in a transaction dated 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 directly owned 557,654 shares in the company, valued at $44,612,320. This represents a 7.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 357,219 shares of company stock worth $27,286,681. 11.37% of the stock is owned by insiders.

Block Price Performance

Shares of XYZ stock opened at $79.98 on Wednesday. The stock’s fifty day simple moving average is $73.21 and its 200 day simple moving average is $66.31. Block, Inc. has a one year low of $48.21 and a one year high of $82.50. The firm has a market cap of $47.60 billion, a price-to-earnings ratio of 62.49, a P/E/G ratio of 1.00 and a beta of 2.54. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99.

Block (NYSE:XYZ) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.55. The firm had revenue of $6.06 billion during the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 earnings per share. 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 expect that Block, Inc. will post 2.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Rothschild & Co Redburn upgraded shares of Block from a “sell” rating to a “neutral” rating and raised their price target for the stock from $45.00 to $55.00 in a research report on Wednesday, March 18th. Barclays assumed coverage on shares of Block in a research report on Tuesday, July 7th. They set an “overweight” rating and a $100.00 price objective for the company. Needham & Company LLC increased their target price on shares of Block from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Citigroup downgraded Block from a “buy” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Finally, Piper Sandler upgraded Block from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $58.00 to $100.00 in a research report on Monday, June 29th. Five research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.91.

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.