Block, Inc. $XYZ Shares Bought by Nilsine Partners LLC

Key Points

• Nilsine Partners increased its Block holdings by 295.4% in the second quarter, owning 25,999 shares valued at approximately $1.98 million. Institutional investors and hedge funds collectively own 70.44% of the company.
• Block reported quarterly EPS of $1.02, exceeding the $0.48 consensus estimate, while revenue rose 9.3% year over year to $6.62 billion. Shares opened at $82.83, near their 52-week high of $86.92.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $95.42. Meanwhile, insiders sold shares through pre-arranged Rule 10b5-1 plans, including recent sales by the CFO and a director.

Nilsine Partners LLC boosted its holdings in shares of Block, Inc. (NYSE:XYZ - Free Report) by 295.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,999 shares of the technology company's stock after purchasing an additional 19,423 shares during the quarter. Nilsine Partners LLC's holdings in Block were worth $1,976,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of XYZ. Elevation Wealth Partners LLC lifted its position in shares of Block by 301.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company's stock valued at $30,000 after buying an additional 292 shares in the last quarter. Global Assets Advisory LLC acquired a new position in Block during the first quarter worth $31,000. Cary Street Partners Investment Advisory LLC raised its position in Block by 57.6% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company's stock worth $40,000 after acquiring an additional 223 shares during the period. Darwin Wealth Management LLC acquired a new position in Block during the second quarter worth $43,000. Finally, Osbon Capital Management LLC purchased a new position in Block during the fourth quarter valued at $43,000. 70.44% of the stock is owned by institutional investors and hedge funds.

Block Stock Performance

Shares of Block stock opened at $82.83 on Monday. The business's 50 day moving average price is $80.35 and its 200 day moving average price is $71.23. The company has a market cap of $49.76 billion, a price-to-earnings ratio of 147.91, a PEG ratio of 0.87 and a beta of 2.52. 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, Inc. has a one year low of $48.21 and a one year high of $86.92.

Block (NYSE:XYZ - Get Free Report) last issued 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 company had revenue of $6.62 billion during the quarter. During the same quarter in the previous year, the company earned $0.62 earnings per share. The firm's quarterly 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, research analysts predict that Block, Inc. will post 2.72 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Cantor Fitzgerald reissued an "overweight" rating and issued a $95.00 price objective on shares of Block in a research note on Thursday, August 6th. Clear Str raised shares of Block to a "hold" rating in a research note on Thursday, July 16th. KeyCorp upped their target price on shares of Block from $105.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday, August 6th. BMO Capital Markets increased their target price on shares of Block from $78.00 to $85.00 and gave the company a "market perform" rating in a research report on Wednesday, July 22nd. Finally, William Blair downgraded shares of Block to a "market perform" rating in a research note on Tuesday, June 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $95.42.

Insider Activity

In related news, CFO Amrita Ahuja sold 9,511 shares of the firm's 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 completion of the sale, the chief financial officer directly owned 423,262 shares in the company, valued at approximately $34,889,486.66. This trade represents a 2.20% decrease in their ownership of the stock. The transaction 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, Director Anthony Eisen sold 6,000 shares of Block stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $82.51, for a total transaction of $495,060.00. Following the transaction, the director directly owned 1,434,672 shares in the company, valued at $118,374,786.72. This trade represents a 0.42% 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. Over the last three months, insiders sold 378,006 shares of company stock worth $30,286,001. Company insiders own 11.37% of the company's stock.

About Block

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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