11,600 Shares in Block, Inc. $XYZ Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new stake in Block, Inc. (NYSE:XYZ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,600 shares of the technology company’s stock, valued at approximately $442,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elevation Wealth Partners LLC grew its holdings in shares of 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 buying an additional 292 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Block in the 1st quarter worth about $31,000. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Block by 57.6% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock worth $40,000 after acquiring an additional 223 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Block in the 2nd quarter valued at about $43,000. Finally, Osbon Capital Management LLC bought a new position in Block in the 4th quarter valued at about $43,000. Institutional investors own 70.44% of the company’s stock.

Insider Buying and Selling at Block

In other news, Director Anthony Mathew Eisen sold 135,750 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the transaction, the director owned 2,032,990 shares of the company’s stock, valued at $156,153,961.90. This represents a 6.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Amrita Ahuja sold 9,511 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $82.43, for a total value of $783,991.73. Following the transaction, the chief financial officer owned 423,262 shares of the company’s stock, valued at $34,889,486.66. The trade was a 2.20% 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. Over the last ninety days, insiders sold 501,756 shares of company stock valued at $39,582,259. Company insiders own 11.37% of the company’s stock.

Wall Street Analyst Weigh In

XYZ has been the subject of a number of recent research reports. Canaccord Genuity Group boosted their price objective on Block from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Monness Crespi & Hardt raised their target price on Block from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 7th. BMO Capital Markets lifted their target price on Block from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Wednesday, July 22nd. Truist Financial upped their price target on Block from $82.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, TD Cowen increased their price target on Block from $101.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.84.

Block Stock Up 2.2%

Block stock opened at $84.89 on Friday. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.92. The firm has a 50 day moving average price of $79.46 and a 200-day moving average price of $69.99. The company has a market capitalization of $51.00 billion, a P/E ratio of 151.59, a P/E/G ratio of 0.93 and a beta of 2.53. 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 (NYSE:XYZ) last issued its quarterly earnings results 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 during the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business 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. As a group, equities analysts predict that Block, Inc. will post 2.69 EPS for the current 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.