35,061 Block, Inc. $XYZ Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in Block, Inc. (NYSE:XYZ) by 2.2% during the third quarter, Holdings Channel reports. The institutional investor owned 1,595,616 shares of the technology company’s stock after buying an additional 35,061 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Block were worth $117,326,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of XYZ. BlackRock Inc. bought a new position in Block in the 2nd quarter valued at about $621,703,000. Arrowstreet Capital Limited Partnership lifted its position in Block by 528.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock worth $199,153,000 after acquiring an additional 2,782,523 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Block by 372.8% during the second quarter. Assenagon Asset Management S.A. now owns 937,540 shares of the technology company’s stock worth $71,253,000 after acquiring an additional 739,264 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Block during the second quarter worth approximately $23,531,000. Finally, Engineers Gate Manager LP boosted its holdings in shares of Block by 2,575.4% during the second quarter. Engineers Gate Manager LP now owns 571,414 shares of the technology company’s stock worth $43,427,000 after acquiring an additional 550,056 shares during the period. Institutional investors and hedge funds own 70.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Zacks Research downgraded Block from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. BMO Capital Markets increased their target price on Block from $78.00 to $85.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. Argus lifted their price target on Block from $86.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Rosenblatt Securities set a $100.00 price target on Block in a report on Tuesday, June 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of Block in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.55.

Insiders Place Their Bets

In other Block news, CFO Amrita Ahuja sold 9,511 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 423,262 shares in the company, valued at $34,889,486.66. This represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Eisen sold 41,000 shares of the firm’s 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 $3,519,850.00. Following the transaction, the director directly owned 1,566,672 shares in the company, valued at $134,498,791.20. This represents a 2.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 308,565 shares of company stock worth $24,872,046 in the last quarter. Corporate insiders own 11.37% of the company’s stock.

Block Trading Up 0.1%

XYZ stock opened at $78.21 on Thursday. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.92. The company has a market capitalization of $46.99 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 0.81 and a beta of 2.55. The company’s 50-day simple moving average is $78.72 and its 200 day simple moving average is $75.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current 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 net margin of 1.43% and a return on equity of 8.10%. The business had revenue of $6.62 billion for the quarter. During the same period in the prior year, the business posted $0.62 earnings per share. Block’s revenue 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, sell-side analysts anticipate that Block, Inc. will post 2.75 earnings per share for the current year.

Block Company Profile

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.