Block, Inc. $XYZ Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management cut its Block stake by 10.6% in the fourth quarter, selling 19,104 shares and leaving it with 161,768 shares worth about $10.5 million.
• Block reported stronger-than-expected Q1 results, posting EPS of $0.85 versus the $0.30 estimate on revenue of $6.06 billion, up 4.9% year over year, and also issued Q2 and FY2026 guidance.
• Wall Street remains mostly bullish on Block, with analysts assigning a consensus Moderate Buy rating and an average price target of $85.12.

BI Asset Management Fondsmaeglerselskab A S decreased its stake in Block, Inc. (NYSE:XYZ - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,768 shares of the technology company's stock after selling 19,104 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Block were worth $10,529,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of XYZ. Vanguard Group Inc. grew its position in shares of Block by 23.1% in the third quarter. Vanguard Group Inc. now owns 67,626,485 shares of the technology company's stock valued at $4,887,366,000 after purchasing an additional 12,709,824 shares during the period. Ameriprise Financial Inc. acquired a new position in Block during the second quarter worth about $535,305,000. Norges Bank acquired a new position in Block during the fourth quarter worth about $484,387,000. Capital World Investors boosted its position in Block by 192.7% during the third quarter. Capital World Investors now owns 11,296,224 shares of the technology company's stock worth $816,378,000 after acquiring an additional 7,436,380 shares during the last quarter. Finally, Viking Global Investors LP acquired a new position in Block during the second quarter worth about $368,213,000. Institutional investors and hedge funds own 70.44% of the company's stock.

Block Price Performance

Shares of XYZ opened at $68.25 on Friday. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $82.50. The firm's 50 day moving average price is $68.17 and its 200 day moving average price is $64.06. The company has a market cap of $40.62 billion, a P/E ratio of 53.32, a PEG ratio of 0.88 and a beta of 2.56. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.55. The company had revenue of $6.06 billion for the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, research analysts forecast that Block, Inc. will post 2.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Block news, CFO Amrita Ahuja sold 30,919 shares of the firm's stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total transaction of $2,318,925.00. Following the completion of the transaction, the chief financial officer directly owned 500,816 shares in the company, valued at approximately $37,561,200. This trade represents a 5.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 8,166 shares of the firm's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $68.01, for a total transaction of $555,369.66. Following the transaction, the insider owned 601,002 shares of the company's stock, valued at $40,874,146.02. This trade represents a 1.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 181,680 shares of company stock worth $13,774,881. Insiders own 11.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on XYZ shares. Piper Sandler boosted their price target on shares of Block from $51.00 to $58.00 and gave the stock an "underweight" rating in a research report on Friday, May 8th. BMO Capital Markets started coverage on shares of Block in a research report on Tuesday, April 21st. They set a "market perform" rating and a $74.00 price target on the stock. Citigroup boosted 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 Friday, May 8th. HSBC raised shares of Block from a "hold" rating to a "buy" rating and lifted their target price for the stock from $70.00 to $77.00 in a research note on Tuesday, March 3rd. Finally, Royal Bank Of Canada lifted their target price on shares of Block from $90.00 to $93.00 and gave the stock an "outperform" rating in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Block currently has a consensus rating of "Moderate Buy" and an average target price of $85.12.

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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