16,067 Shares in Block, Inc. $XYZ Acquired by Capital Financial Group Inc. Co. ADV

Key Points

• Capital Financial Group acquired 16,067 Block shares worth approximately $612,000 during the second quarter. Institutional investors and hedge funds collectively own 70.44% of the company.
• Block insiders sold 459,135 shares valued at roughly $35.98 million over the past quarter, including significant sales by insider Brian Grassadonia and director Anthony Mathew Eisen.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $95.23. Block recently reported adjusted EPS of $1.02, beating estimates of $0.48, while quarterly revenue rose 9.3% year over year to $6.62 billion.

Capital Financial Group Inc. Co. ADV acquired a new stake in Block, Inc. (NYSE:XYZ - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,067 shares of the technology company's stock, valued at approximately $612,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. purchased a new stake in Block during the 2nd quarter worth about $535,305,000. Norges Bank purchased a new position in shares of Block in the 4th quarter valued at about $484,387,000. Viking Global Investors LP acquired a new stake in shares of Block during the 2nd quarter worth about $368,213,000. Capital World Investors lifted its stake in Block by 41.8% during the fourth quarter. Capital World Investors now owns 16,023,441 shares of the technology company's stock worth $1,042,966,000 after purchasing an additional 4,727,217 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake 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 purchasing an additional 2,782,523 shares during the last quarter. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Brian Grassadonia sold 43,348 shares of the business's stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $80.00, for a total value of $3,467,840.00. Following the transaction, the insider owned 557,654 shares in the company, valued at $44,612,320. The trade was a 7.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 135,750 shares of the company's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $76.81, for a total value of $10,426,957.50. Following the sale, the director directly owned 2,032,990 shares of the company's stock, valued at approximately $156,153,961.90. This represents a 6.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 459,135 shares of company stock valued at $35,980,471 over the last quarter. 11.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on XYZ shares. Truist Financial increased their price target on shares of Block from $82.00 to $93.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Clear Str upgraded shares of Block to a "hold" rating in a report on Thursday, July 16th. Piper Sandler increased their target price on shares of Block from $100.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. The Goldman Sachs Group upgraded shares of Block from a "buy" rating to a "buy" rating in a research note on Tuesday, June 30th. Finally, BTIG Research raised their price objective on Block from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued 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 $95.23.

Block Stock Performance

Shares of Block stock opened at $80.02 on Tuesday. The firm's fifty day simple moving average is $77.77 and its 200-day simple moving average is $68.70. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $86.75. The stock has a market capitalization of $47.63 billion, a price-to-earnings ratio of 142.89, a PEG ratio of 0.93 and a beta of 2.53. 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 - 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, topping the consensus estimate of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The company had revenue of $6.62 billion for the quarter. During the same period in the previous year, the business posted $0.62 earnings per share. The company's revenue for the quarter was up 9.3% on a year-over-year basis. 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 forecast that Block, Inc. will post 2.67 earnings per share for the current year.

Block Company Profile

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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