14,220 Block, Inc. $XYZ Shares Sold by Investment House LLC

Key Points

• Investment House LLC reduced its Block stake by 33.3% in the third quarter, selling 14,220 shares and retaining 28,473 shares valued at approximately $2.09 million.
• Institutional investors own 70.44% of Block, with several firms—including BlackRock, Arrowstreet Capital and Assenagon Asset Management—recently building significant positions. Insiders sold $25.35 million worth of shares over the past three months.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $96.06, while Block’s latest quarterly EPS of $1.02 exceeded the $0.48 consensus estimate and revenue rose 9.3% year over year to $6.62 billion.

Investment House LLC cut its position in Block, Inc. (NYSE:XYZ - Free Report) by 33.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,473 shares of the technology company's stock after selling 14,220 shares during the quarter. Investment House LLC's holdings in Block were worth $2,094,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, insider Brian Grassadonia sold 25,908 shares of the business's stock in a transaction 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 owned 531,746 shares in the company, valued at approximately $43,411,743.44. The trade was a 4.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Block stock in a transaction dated 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 directly owned 423,262 shares of the company's stock, valued at $34,889,486.66. This 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. Insiders sold 314,565 shares of company stock worth $25,346,466 over the last three months. 11.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

XYZ has been the topic of several recent analyst reports. Citigroup lifted their price target on Block from $100.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 16th. Canaccord Genuity Group upped their price target on Block from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Royal Bank Of Canada restated an "outperform" rating and issued a $95.00 price objective on shares of Block in a research note on Wednesday. William Blair cut shares of Block to a "market perform" rating in a research note on Tuesday, June 30th. Finally, Scotiabank initiated coverage on shares of Block in a report on Wednesday, September 2nd. They set a "sector perform" rating and a $82.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Block currently has an average rating of "Moderate Buy" and an average target price of $96.06.

Block Price Performance

NYSE:XYZ opened at $78.98 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The company has a 50-day moving average of $78.63 and a 200-day moving average of $75.52. 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 $47.45 billion, a price-to-earnings ratio of 141.03, a PEG ratio of 0.81 and a beta of 2.55.

Block (NYSE:XYZ - Get Free Report) last posted 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 firm 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 business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the company 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 research analysts anticipate that Block, Inc. will post 2.75 earnings per share for the current fiscal 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.

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