Jones Financial Companies Lllp Acquires Shares of 9,605 Block, Inc. $XYZ

Jones Financial Companies Lllp bought a new stake in shares of Block, Inc. (NYSE:XYZ) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,605 shares of the technology company’s stock, valued at approximately $366,000.

A number of other hedge funds and other institutional investors have also modified their holdings of XYZ. BlackRock Inc. purchased a new position in Block in the second quarter valued at about $621,703,000. Capital World Investors increased its holdings in Block by 41.8% during the 4th 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 during the last quarter. Geode Capital Management LLC increased its holdings 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 worth $934,121,000 after purchasing an additional 67,560 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Block in the 2nd quarter valued at approximately $535,305,000. Finally, Norges Bank purchased a new position in shares of Block during the 4th quarter valued at approximately $484,387,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

Block Price Performance

Shares of XYZ opened at $82.73 on Wednesday. The firm has a market cap of $49.70 billion, a price-to-earnings ratio of 147.72, a PEG ratio of 0.91 and a beta of 2.53. The stock has a 50 day moving average of $79.05 and a 200-day moving average of $69.58. 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 52 week low of $48.21 and a 52 week high of $86.75.

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, beating analysts’ consensus estimates of $0.48 by $0.54. The business had revenue of $6.62 billion during the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.Block’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 earnings per share. 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, analysts forecast that Block, Inc. will post 2.69 EPS for the current year.

Insiders Place Their Bets

In other Block news, CFO Amrita Ahuja sold 9,511 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $82.43, for a total transaction of $783,991.73. Following the completion of the sale, the chief financial officer owned 423,262 shares in the company, valued at $34,889,486.66. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 43,348 shares of the firm’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 completion of the transaction, the insider owned 557,654 shares in the company, valued at approximately $44,612,320. The trade was a 7.21% 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. Insiders sold a total of 495,756 shares of company stock valued at $39,090,259 over the last 90 days. 11.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on XYZ shares. Citigroup raised their price target on shares of Block from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft raised shares of Block to a “buy” rating in a report on Tuesday, June 30th. Zacks Research downgraded shares of Block from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Clear Str raised shares of Block to a “hold” rating in a report on Thursday, July 16th. Finally, Craig Hallum began coverage on shares of Block in a research report on Tuesday, June 30th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.84.

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.