14,887 Block, Inc. $XYZ Shares Purchased by QRG Capital Management Inc.

Key Points

• QRG Capital Management increased its Block holdings by 13.9% in the second quarter, adding 14,887 shares for a total of 122,158 shares valued at approximately $9.3 million. Institutional investors collectively own 70.44% of Block.
• Block reported quarterly EPS of $1.02, beating estimates of $0.48, while revenue rose 9.3% year over year to $6.62 billion. The company issued fiscal 2026 EPS guidance of $4.02.
• Analyst sentiment remains positive, with Block carrying a “Moderate Buy” consensus rating and an average price target of $95.42, versus a recent share price of $76.76. Meanwhile, insiders sold 369,913 shares worth about $29.9 million over the past 90 days.

QRG Capital Management Inc. boosted its holdings in shares of Block, Inc. (NYSE:XYZ - Free Report) by 13.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,158 shares of the technology company's stock after acquiring an additional 14,887 shares during the quarter. QRG Capital Management Inc.'s holdings in Block were worth $9,284,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Elevation Wealth Partners LLC lifted its position 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 worth $30,000 after purchasing an additional 292 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in shares of Block during the first quarter valued at $31,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Block by 57.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company's stock worth $40,000 after purchasing an additional 223 shares during the last quarter. Osbon Capital Management LLC bought a new position in shares of Block in the fourth quarter worth about $43,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Block by 33.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company's stock worth $46,000 after purchasing an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 70.44% of the company's stock.

Block Stock Performance

Shares of NYSE:XYZ opened at $76.76 on Friday. The firm has a 50 day moving average of $80.28 and a 200 day moving average of $73.24. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $46.12 billion, a price-to-earnings ratio of 137.07, a price-to-earnings-growth ratio of 0.81 and a beta of 2.52. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.92.

Block (NYSE:XYZ - Get Free Report) last announced its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The business had revenue of $6.62 billion for the quarter. During the same period last year, the business posted $0.62 EPS. The firm'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. On average, sell-side analysts predict that Block, Inc. will post 2.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Block news, Director Anthony Eisen sold 6,000 shares of Block stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $76.67, for a total value of $460,020.00. Following the transaction, the director owned 1,362,672 shares in the company, valued at $104,476,062.24. The trade was a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 369,913 shares of company stock worth $29,935,706 over the last 90 days. 11.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on XYZ. Clear Str upgraded shares of Block to a "hold" rating in a report on Thursday, July 16th. Weiss Ratings upgraded shares of Block from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 6th. Oppenheimer reaffirmed an "outperform" rating and set a $97.00 target price on shares of Block in a research report on Thursday, August 6th. Rosenblatt Securities set a $100.00 price target on shares of Block in a research note on Tuesday, June 30th. Finally, Robert W. Baird set a $105.00 price target on Block in a report on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $95.42.

About Block

Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.

Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.

Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.

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