AXQ Capital LP Acquires New Position in Block, Inc. $XYZ

Key Points

• AXQ Capital acquired 13,685 shares of Block worth approximately $1.04 million in the second quarter, while institutional investors collectively own 70.44% of the company.
• Block reported quarterly EPS of $1.02, beating the $0.48 consensus estimate, with revenue of $6.62 billion—up 9.3% year over year.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $95.42, although insiders sold 384,006 shares worth roughly $30.7 million over the past 90 days.

AXQ Capital LP bought a new position in Block, Inc. (NYSE:XYZ - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 13,685 shares of the technology company's stock, valued at approximately $1,040,000.

Several other large investors also recently bought and sold shares of XYZ. Baird Financial Group Inc. acquired a new stake in Block during the 2nd quarter worth about $1,866,000. Brown Advisory Inc. acquired a new stake in Block during the 2nd quarter valued at approximately $516,000. Jump Financial LLC acquired a new stake in Block during the 2nd quarter valued at approximately $385,000. Federated Hermes Inc. purchased a new stake in shares of Block in the 2nd quarter valued at $53,000. Finally, Cerity Partners LLC purchased a new stake in shares of Block in the 2nd quarter valued at $1,861,000. Hedge funds and other institutional investors own 70.44% of the company's stock.

Block Trading Down 0.6%

XYZ opened at $82.83 on Friday. Block, Inc. has a one year low of $48.21 and a one year high of $86.92. The stock has a market capitalization of $49.76 billion, a PE ratio of 147.91, a P/E/G ratio of 0.87 and a beta of 2.52. The business's 50 day moving average price is $80.35 and its 200 day moving average price is $71.08. 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 - Get Free Report) last posted its 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 company had revenue of $6.62 billion during the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.Block's revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business 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 expect that Block, Inc. will post 2.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on XYZ shares. Weiss Ratings upgraded shares of Block from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. Needham & Company LLC increased their target price on shares of Block from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Citigroup lifted their price target 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. Rosenblatt Securities set a $100.00 price objective on Block in a report on Tuesday, June 30th. Finally, UBS Group lifted their target price on shares of Block from $92.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Block has a consensus rating of "Moderate Buy" and an average target price of $95.42.

Insiders Place Their Bets

In other Block news, Director Anthony Eisen sold 41,000 shares of Block stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $85.85, for a total transaction of $3,519,850.00. Following the completion of the sale, the director directly owned 1,566,672 shares in the company, valued at $134,498,791.20. This trade represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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. Also, CFO Amrita Ahuja sold 9,511 shares of the business's 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 completion of the sale, the chief financial officer directly owned 423,262 shares in the company, valued at $34,889,486.66. This trade represents a 2.20% 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 sold a total of 384,006 shares of company stock valued at $30,695,321 over the last 90 days. 11.37% of the stock is owned by company insiders.

Block 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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