6,978 Shares in Block, Inc. $XYZ Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC acquired a new position in shares of Block, Inc. (NYSE:XYZ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,978 shares of the technology company’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elevation Wealth Partners LLC lifted its position in shares of Block by 301.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after acquiring an additional 292 shares in the last quarter. Global Assets Advisory LLC purchased a new position in Block during the 1st quarter worth approximately $31,000. Rachor Investment Advisory Services LLC acquired a new stake in Block during the 4th quarter valued at $32,000. Cary Street Partners Investment Advisory LLC raised its stake in Block by 57.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after purchasing an additional 223 shares during the period. Finally, Osbon Capital Management LLC purchased a new stake in shares of Block in the fourth quarter valued at $43,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Block

In other news, Director Anthony Mathew Eisen sold 6,000 shares of Block stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $79.55, for a total transaction of $477,300.00. Following the completion of the sale, the director directly owned 1,506,672 shares in the company, valued at $119,855,757.60. The trade was a 0.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 25,908 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $81.64, for a total value of $2,115,129.12. Following the completion of the sale, the insider directly owned 531,746 shares of the company’s stock, valued at approximately $43,411,743.44. The trade was a 4.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 461,070 shares of company stock valued at $36,261,272 in the last three months. Corporate insiders own 11.37% of the company’s stock.

Analyst Upgrades and Downgrades

XYZ has been the topic of a number of research analyst reports. Citigroup lifted their price target on Block from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Clear Str upgraded Block to a “hold” rating in a research report on Thursday, July 16th. Susquehanna raised their price objective on Block from $90.00 to $100.00 and gave the stock a “positive” rating in a research report on Thursday, August 6th. Truist Financial lifted their target price on Block from $82.00 to $93.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Craig Hallum started coverage on Block in a report on Tuesday, June 30th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.23.

Block Trading Down 1.2%

NYSE XYZ opened at $79.96 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.75. The firm’s fifty day simple moving average is $78.49 and its 200-day simple moving average is $69.07. The company has a market capitalization of $48.04 billion, a PE ratio of 142.79, a price-to-earnings-growth ratio of 0.90 and a beta of 2.53.

Block (NYSE:XYZ) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The firm had revenue of $6.62 billion during the quarter. During the same period in the previous year, the business posted $0.62 EPS. Block’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. As a group, sell-side analysts anticipate that Block, Inc. will post 2.69 earnings per share for the current fiscal year.

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.