125,951 Shares in Block, Inc. $XYZ Bought by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management purchased 125,951 shares of Block in the second quarter, valued at approximately $4.8 million. Institutional investors collectively own 70.44% of the company.
• Block reported quarterly EPS of $1.02, exceeding analysts’ $0.48 estimate, while revenue rose 9.3% year over year to $6.62 billion.
• Block shares opened at $82.15, near their 12-month high of $86.75. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $95.23, although insiders have sold $36.3 million of stock over the past 90 days.

Landscape Capital Management L.L.C. bought a new stake in Block, Inc. (NYSE:XYZ - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 125,951 shares of the technology company's stock, valued at approximately $4,796,000.

A number of other large investors have also added to or reduced their stakes in XYZ. BlackRock Inc. purchased a new position in shares of Block during the 2nd quarter valued at about $621,703,000. Capital World Investors increased its stake in shares of Block by 41.8% in the fourth quarter. Capital World Investors now owns 16,023,441 shares of the technology company's stock worth $1,042,966,000 after buying an additional 4,727,217 shares during the period. Geode Capital Management LLC increased its stake in shares of Block by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company's stock worth $934,121,000 after buying an additional 67,560 shares during the period. Ameriprise Financial Inc. bought a new stake in Block during the 2nd quarter valued at $535,305,000. Finally, Norges Bank bought a new stake in Block during the 4th quarter valued at $484,387,000. Hedge funds and other institutional investors own 70.44% of the company's stock.

Block Stock Performance

NYSE:XYZ opened at $82.15 on Friday. The stock has a market cap of $49.35 billion, a P/E ratio of 146.70, a price-to-earnings-growth ratio of 0.90 and a beta of 2.53. The firm's fifty day simple moving average is $78.74 and its 200 day simple moving average is $69.16. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.75. 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 - Get Free Report) last issued 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 business had revenue of $6.62 billion for the quarter. During the same period in the previous year, the firm posted $0.62 earnings per share. The firm'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, research analysts predict that Block, Inc. will post 2.69 EPS for the current year.

Insider Activity

In other Block news, CFO Amrita Ahuja sold 8,971 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $85.85, for a total value of $770,160.35. Following the completion of the sale, the chief financial officer directly owned 454,275 shares in the company, valued at $38,999,508.75. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 25,908 shares of Block stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $81.64, for a total value of $2,115,129.12. Following the sale, the insider directly owned 531,746 shares in the company, valued at approximately $43,411,743.44. The trade was a 4.65% 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. In the last 90 days, insiders have sold 461,070 shares of company stock valued at $36,261,272. Corporate insiders own 11.37% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on XYZ shares. William Blair lowered shares of Block to a "market perform" rating in a report on Tuesday, June 30th. Rosenblatt Securities set a $100.00 price objective on shares of Block in a research note on Tuesday, June 30th. Citigroup upped their price objective on shares of Block from $100.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 16th. Oppenheimer reiterated an "outperform" rating and set a $97.00 target price on shares of Block in a report on Thursday, August 6th. Finally, Jefferies Financial Group started coverage on Block in a research note on Tuesday, June 30th. They issued a "hold" rating on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $95.23.

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.

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