Block, Inc. $XYZ Shares Acquired by AIA Group Ltd

Key Points

• AIA Group increased its Block stake by 284.6% in the third quarter, adding 18,725 shares to reach 25,305 shares valued at about $1.86 million. Hedge funds and other institutional investors own 70.44% of Block’s stock.
• Block reported quarterly earnings of $1.13 per share, beating the $0.68 consensus estimate, while revenue rose 9.9% year over year to $6.72 billion.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $97.81; the article also notes Block raised its profit outlook, alongside a potential $764 million DOJ settlement-related cost.

AIA Group Ltd boosted its position in Block, Inc. (NYSE:XYZ - Free Report) by 284.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,305 shares of the technology company's stock after purchasing an additional 18,725 shares during the period. AIA Group Ltd's holdings in Block were worth $1,861,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Block in the 2nd quarter valued at $621,703,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Block by 528.2% during 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 acquiring an additional 2,782,523 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Block by 18.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,194,419 shares of the technology company's stock valued at $234,886,000 after purchasing an additional 494,083 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Block by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company's stock valued at $189,353,000 after purchasing an additional 39,112 shares in the last quarter. Finally, Hyperion Asset Management Ltd grew its stake in Block by 6.9% during the 2nd quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company's stock valued at $203,897,000 after purchasing an additional 172,848 shares in the last quarter. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

Block Trading Up 15.3%

NYSE:XYZ opened at $87.65 on Thursday. The company has a market capitalization of $52.66 billion, a P/E ratio of 118.45, a P/E/G ratio of 0.79 and a beta of 2.58. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $88.51. The stock's 50 day moving average price is $77.89 and its 200 day moving average price is $71.30. 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 Tuesday, November 3rd. The technology company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.45. Block had a return on equity of 9.73% and a net margin of 1.80%. The company had revenue of $6.72 billion for the quarter. During the same quarter last year, the business earned $0.54 earnings per share. Block's quarterly revenue was up 9.9% on a year-over-year basis. On average, research analysts forecast that Block, Inc. will post 2.75 EPS for the current fiscal year.

More Block News

Here are the key news stories impacting Block this week:

• Positive Sentiment: Quarterly results beat expectations. Block reported adjusted earnings of $1.13 per share and revenue of $6.72 billion, up 9.9% year over year. Gross profit reached $3.24 billion, with Cash App lending and stronger Square payment activity contributing to growth. Article: Block stock jumps as earnings beat estimates and full-year outlook rises
• Positive Sentiment: Raised outlook and growth prospects. Management lifted its 2026 profit outlook, while the earnings-call coverage pointed to Square momentum, Cash App lending expansion and AI investment as potential supports for future growth. Article: Block raises full-year profit outlook as Cash App drives Q3 growth
• Positive Sentiment: Analysts raised several price targets. Susquehanna, Bank of America, RBC and TD Cowen increased targets, with the latter three maintaining buy or outperform views. These revisions suggest some analysts see further upside after the results. Susquehanna recommendations
• Neutral Sentiment: Analyst views were not uniformly bullish. Scotiabank kept a sector-perform rating and Morgan Stanley maintained equal weight, indicating some caution about valuation or the durability of recent performance. Morgan Stanley recommendations
• Negative Sentiment: Regulatory costs could weigh on cash flow. Block has set aside about $764 million toward a preliminary Justice Department settlement related to money-laundering controls. The payment and ongoing compliance requirements pose a financial and execution risk, even if resolving the probe reduces uncertainty. Article: Block lifts profit outlook on Cash App strength, reaches preliminary DOJ settlement

Analyst Ratings Changes

XYZ has been the topic of several recent analyst reports. Clear Str raised shares of Block to a "hold" rating in a report on Thursday, July 16th. Canaccord Genuity Group raised their price target on shares of Block from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Citizens Jmp reissued a "market perform" rating on shares of Block in a report on Wednesday. Morgan Stanley increased their price target on Block from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, BTIG Research restated a "buy" rating and issued a $100.00 target price on shares of Block in a research report on Wednesday, October 28th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $97.81.

Insider Activity

In other Block news, Director Anthony Eisen sold 6,000 shares of the company's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $81.48, for a total value of $488,880.00. Following the completion of the transaction, the director owned 1,482,672 shares of the company's stock, valued at $120,808,114.56. This represents a 0.40% decrease in their position. The transaction was disclosed in a legal 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 8,173 shares of the company's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $82.42, for a total value of $673,618.66. Following the completion of the sale, the insider owned 513,981 shares in the company, valued at $42,362,314.02. This trade represents a 1.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 226,686 shares of company stock valued at $17,861,807. Insiders own 11.37% of the company's stock.

About Block

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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