7,007 Block, Inc. $XYZ Shares Bought by Ulland Investment Advisors LLC

Ulland Investment Advisors LLC lifted its stake in Block, Inc. (NYSE:XYZ) by 55.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,600 shares of the technology company’s stock after purchasing an additional 7,007 shares during the period. Block accounts for approximately 1.0% of Ulland Investment Advisors LLC’s holdings, making the stock its 22nd largest holding. Ulland Investment Advisors LLC’s holdings in Block were worth $1,441,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Hsbc Holdings PLC grew its position in shares of Block by 7.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock worth $79,749,000 after buying an additional 82,446 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Block in the 2nd quarter valued at about $366,000. PNC Financial Services Group Inc. increased its stake in shares of Block by 35.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 69,637 shares of the technology company’s stock valued at $4,191,000 after acquiring an additional 18,326 shares during the last quarter. Swiss National Bank raised its position in shares of Block by 6.7% in the 1st quarter. Swiss National Bank now owns 1,607,286 shares of the technology company’s stock valued at $96,726,000 after acquiring an additional 101,300 shares during the period. Finally, Old Mission Investment Co LLC acquired a new stake in shares of Block in the 2nd quarter valued at approximately $1,513,000. 70.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Block

In related news, insider Brian Grassadonia sold 25,908 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $81.64, for a total transaction of $2,115,129.12. Following the completion of the sale, the insider directly owned 531,746 shares of the company’s stock, valued at approximately $43,411,743.44. This represents a 4.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 9,511 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $82.43, for a total transaction of $783,991.73. Following the sale, the chief financial officer owned 423,262 shares in the company, valued at $34,889,486.66. This trade represents a 2.20% 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 296,565 shares of company stock worth $23,950,146. 11.37% of the stock is owned by company insiders.

Block Stock Down 0.0%

Shares of Block stock opened at $76.79 on Wednesday. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.92. The business has a 50-day moving average of $78.95 and a two-hundred day moving average of $74.57. The company has a market capitalization of $46.13 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 0.80 and a beta of 2.55. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21.

Block (NYSE:XYZ) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%. The company had revenue of $6.62 billion for the quarter. During the same period in the prior year, the business earned $0.62 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. 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 2.74 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Craig Hallum assumed coverage on shares of Block in a research note on Tuesday, June 30th. They set a “buy” rating on the stock. Needham & Company LLC boosted their price objective on shares of Block from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 6th. KeyCorp upped their target price on shares of Block from $105.00 to $108.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Royal Bank Of Canada upped their target price on shares of Block from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group upgraded shares of Block from a “buy” rating to a “buy” rating in a report on Tuesday, June 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.45.

About Block

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.