West Family Investments Inc. Purchases Shares of 10,929 Block, Inc. $XYZ

West Family Investments Inc. acquired a new stake in shares of Block, Inc. (NYSE:XYZ) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,929 shares of the technology company’s stock, valued at approximately $416,000.

Several other institutional investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in Block by 33.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock worth $46,000 after buying an additional 179 shares during the period. Merit Financial Group LLC increased its stake in shares of Block by 3.7% during the 4th quarter. Merit Financial Group LLC now owns 5,270 shares of the technology company’s stock valued at $343,000 after acquiring an additional 188 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Block by 3.3% during the 2nd quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company’s stock worth $462,000 after acquiring an additional 193 shares during the period. Carson Advisory Inc. lifted its holdings in shares of Block by 2.6% during the 1st quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company’s stock worth $484,000 after acquiring an additional 200 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Block by 33.3% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 800 shares of the technology company’s stock worth $58,000 after acquiring an additional 200 shares during the last quarter. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on XYZ shares. Argus increased their price target on shares of Block from $86.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Rosenblatt Securities set a $100.00 price objective on shares of Block in a research note on Tuesday, June 30th. Craig Hallum began coverage on Block in a report on Tuesday, June 30th. They set a “buy” rating for the company. UBS Group increased their target price on Block from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, TD Cowen lifted their target price on Block from $101.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.23.

Insider Activity at Block

In other Block news, Director Anthony Mathew Eisen sold 6,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $79.55, for a total value of $477,300.00. Following the completion of the transaction, the director directly owned 1,506,672 shares of the company’s stock, valued at $119,855,757.60. This represents a 0.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 25,908 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $81.64, for a total transaction of $2,115,129.12. Following the completion of the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 461,070 shares of company stock valued at $36,261,272. Corporate insiders own 11.37% of the company’s stock.

Block Stock Down 1.2%

NYSE XYZ opened at $79.96 on Friday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $86.75. The business has a 50 day moving average price of $78.49 and a two-hundred day moving average price of $69.07. The stock has a market cap of $48.04 billion, a PE ratio of 142.79, a P/E/G ratio of 0.90 and a beta of 2.53.

Block (NYSE:XYZ) last posted 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 net margin of 1.43% and a return on equity of 8.10%. The company had revenue of $6.62 billion for the quarter. During the same quarter in the prior year, the business earned $0.62 EPS. The company’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 predict that Block, Inc. will post 2.69 EPS for the current fiscal year.

Block Company 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.