Block, Inc. $XYZ Shares Newly Purchased by Western Financial Corp CA

Western Financial Corp CA purchased a new stake in shares of Block, Inc. (NYSE:XYZ) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 16,596 shares of the technology company’s stock, valued at approximately $1,220,000.

Several other hedge funds and other institutional investors have also bought and sold shares of XYZ. Elevation Wealth Partners LLC lifted its position in Block by 301.0% during the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after purchasing an additional 292 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Block in the first quarter worth $31,000. Osbon Capital Management LLC bought a new stake in shares of Block during the 4th quarter valued at $43,000. Meeder Asset Management Inc. purchased a new position in shares of Block during the 2nd quarter valued at $46,000. Finally, Reflection Asset Management purchased a new position in shares of Block during the 4th quarter valued at $50,000. Institutional investors own 70.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on XYZ shares. Rosenblatt Securities set a $100.00 price target on Block in a research note on Tuesday, June 30th. Benchmark upgraded shares of Block to a “strong-buy” rating in a research report on Thursday, September 10th. Argus boosted their target price on shares of Block from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Keefe, Bruyette & Woods boosted their target price on Block from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Finally, Jefferies Financial Group began coverage on Block in a research note on Tuesday, June 30th. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.45.

Insider Transactions at Block

In related news, Director Anthony Eisen sold 6,000 shares of Block stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $75.70, for a total value of $454,200.00. Following the transaction, the director directly owned 1,272,672 shares of the company’s stock, valued at $96,341,270.40. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 308,565 shares of company stock worth $24,866,166 in the last three months. Company insiders own 11.37% of the company’s stock.

Block Stock Down 1.3%

Shares of Block stock traded down $1.02 during trading on Wednesday, reaching $75.84. The company had a trading volume of 5,194,236 shares, compared to its average volume of 6,211,134. The firm’s fifty day moving average is $78.78 and its 200-day moving average is $74.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $86.92. The company has a market cap of $45.57 billion, a price-to-earnings ratio of 135.43, a price-to-earnings-growth ratio of 0.80 and a beta of 2.55.

Block (NYSE:XYZ) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.54. The company had revenue of $6.62 billion for the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. On average, analysts anticipate that Block, Inc. will post 2.74 EPS for the current year.

Block Profile

Block, Inc (NYSE:XYZ), formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.

Block’s Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.