Block, Inc. $XYZ Holdings Lowered by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its stake in shares of Block, Inc. (NYSE:XYZ) by 92.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,900 shares of the technology company’s stock after selling 520,357 shares during the quarter. Pacer Advisors Inc.’s holdings in Block were worth $2,582,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Capital World Investors raised its holdings in Block by 41.8% during the fourth quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock worth $1,042,966,000 after purchasing an additional 4,727,217 shares in the last quarter. Geode Capital Management LLC boosted its stake in Block by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock valued at $934,121,000 after purchasing an additional 67,560 shares in the last quarter. Ameriprise Financial Inc. bought a new position in Block during the 2nd quarter valued at $535,305,000. Norges Bank acquired a new position in shares of Block during the 4th quarter valued at $484,387,000. Finally, Tiger Global Management LLC increased its position in shares of Block by 43.9% during the 4th quarter. Tiger Global Management LLC now owns 6,364,840 shares of the technology company’s stock valued at $414,287,000 after purchasing an additional 1,941,528 shares during the period. 70.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Block

In related news, insider Brian Grassadonia sold 43,348 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total value of $3,467,840.00. Following the completion of the transaction, the insider owned 557,654 shares of the company’s stock, valued at approximately $44,612,320. This trade represents a 7.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 8,971 shares of Block stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $85.85, for a total transaction of $770,160.35. Following the transaction, the chief financial officer owned 454,275 shares in the company, valued at approximately $38,999,508.75. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 441,179 shares of company stock valued at $34,543,835 over the last ninety days. Corporate insiders own 11.37% of the company’s stock.

Block Trading Up 0.0%

NYSE:XYZ opened at $79.05 on Friday. The company has a quick ratio of 1.99, a current 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 has a market capitalization of $47.05 billion, a price-to-earnings ratio of 141.16, a price-to-earnings-growth ratio of 0.95 and a beta of 2.53. The stock has a fifty day simple moving average of $76.71 and a 200 day simple moving average of $68.03.

Block (NYSE:XYZ) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. The firm had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Sell-side analysts forecast that Block, Inc. will post 2.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on XYZ shares. Susquehanna upped their price objective on Block from $90.00 to $100.00 and gave the company a “positive” rating in a report on Thursday. BMO Capital Markets lifted their target price on Block from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Jefferies Financial Group assumed coverage on shares of Block in a research report on Tuesday, June 30th. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Block from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Block to a “buy” rating in a report on Tuesday, June 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Block presently has a consensus rating of “Moderate Buy” and an average price target of $93.88.

More Block News

Here are the key news stories impacting Block this week:

• Positive Sentiment: Quarterly results exceeded expectations. Block reported second-quarter EPS of $1.02, well above estimates of $0.48–$0.86 and up from $0.62 a year earlier. Revenue increased 9.3% year over year to $6.62 billion, with Cash App and Square contributing to the performance. Block Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised its outlook. Block guided to third-quarter EPS of $1.02 versus the $0.93 consensus and fiscal 2026 EPS of $4.02 versus expectations of $3.62. Management also cited 25% gross-profit growth, record margins and improving momentum from AI-focused products. Block Q2 Earnings Call Highlights
• Positive Sentiment: Analysts became more bullish. Monness Crespi & Hardt raised its price target from $115 to $125 and initiated a “buy” rating. TD Cowen raised its target to $105, while RBC, Keefe, Bruyette & Woods, Susquehanna and Needham also increased targets, generally maintaining positive ratings.
• Positive Sentiment: Options activity suggested increased bullish interest. Investors bought 42,107 call options, approximately 55% above average daily call volume. This indicates heightened speculative interest, though it does not guarantee continued gains.
• Neutral Sentiment: Block’s AI and cost-reduction strategy is gaining investor attention. The company’s workforce reductions and greater emphasis on artificial intelligence appear to be supporting efficiency and profitability, but investors will want evidence that growth remains durable.
• Negative Sentiment: Insiders sold shares. Director Anthony Mathew Eisen sold 47,000 shares for approximately $4.0 million across two transactions, and Brian Grassadonia sold 25,908 shares for about $2.1 million. The sales were executed under pre-arranged Rule 10b5-1 plans, reducing their significance, but repeated insider selling may weigh on sentiment.
• Negative Sentiment: Valuation leaves limited room for disappointment. With Block trading near its 52-week high and at an elevated earnings multiple, the stock may remain sensitive to any slowdown in Cash App, Square or AI-related profitability.

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.