Mitsubishi UFJ Asset Management Co. Ltd. Has $75.56 Million Stake in Block, Inc. $XYZ

Key Points

• Mitsubishi UFJ Asset Management boosted its holding in Block by 5.3% to 1,159,772 shares—about $75.56 million, or roughly 0.19% of the company.
• Block beat Q1 estimates with $0.85 EPS on $6.06 billion revenue and raised guidance to FY2026 EPS $3.85 (Q2 EPS $0.86), citing stronger payment volumes, lending momentum and AI-driven Cash App initiatives.
• Insiders have been net sellers (49,725 shares sold, ~$3.4M in the last 90 days) while institutional investors hold about 70.44% of the stock and analysts' consensus is a "Moderate Buy" with an average target near $83.46.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Block, Inc. (NYSE:XYZ - Free Report) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,159,772 shares of the technology company's stock after buying an additional 58,882 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.19% of Block worth $75,559,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cromwell Holdings LLC acquired a new stake in Block during the third quarter worth about $27,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Block in the 3rd quarter valued at approximately $28,000. RMG Wealth Management LLC acquired a new stake in shares of Block in the 3rd quarter valued at approximately $30,000. Quent Capital LLC acquired a new stake in shares of Block in the 3rd quarter valued at approximately $30,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Block in the 3rd quarter valued at approximately $30,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Block Stock Down 0.9%

Shares of NYSE XYZ opened at $70.20 on Friday. The company has a 50 day simple moving average of $63.99 and a 200 day simple moving average of $64.19. The firm has a market cap of $42.05 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.03 and a beta of 2.57. Block, Inc. has a 1 year low of $48.13 and a 1 year high of $82.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20.

Block (NYSE:XYZ - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.55. The business had revenue of $6.06 billion during the quarter. Block had a net margin of 5.40% and a return on equity of 6.66%. The firm's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.56 EPS. 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 2.22 EPS for the current year.

Insider Activity

In other Block news, insider Brian Grassadonia sold 10,349 shares of the firm's stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $50.00, for a total transaction of $517,450.00. Following the completion of the transaction, the insider owned 503,784 shares in the company, valued at approximately $25,189,200. This trade represents a 2.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Amrita Ahuja sold 30,919 shares of the firm's stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total transaction of $2,318,925.00. Following the transaction, the chief financial officer owned 500,816 shares of the company's stock, valued at approximately $37,561,200. The trade was a 5.81% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 49,725 shares of company stock worth $3,401,393 in the last 90 days. 11.37% of the stock is owned by company insiders.

Key Headlines Impacting Block

Here are the key news stories impacting Block this week:

• Positive Sentiment: Q1 earnings beat and revenue strength — Block reported $0.85 EPS (vs. consensus ~ $0.68 / earlier $0.30 estimate) and revenue growth; the print showed improving margins and a recovery vs. year-ago EPS. Block (XYZ) Q1 Earnings Surpass Estimates
• Positive Sentiment: Raised guidance — management bumped FY2026 EPS guidance to $3.85 (well above the prior consensus) and set Q2 EPS at $0.86, signaling stronger payment volumes and lending momentum. This guidance lift is a major driver of improved forward expectations. Block Lifts Guidance on Higher Payment Volumes, Boom in Lending
• Positive Sentiment: AI + lending opportunity — management highlighted an AI push that is turning Cash App into a lending hub and enabling tighter integration between Cash App users and Square merchants, which could expand high‑margin financial services revenue. Block Rallies as AI Push Turns Cash App Into a Lending Hub
• Neutral Sentiment: Company release and conference call — Block posted its official Q1 results and hosted an earnings webcast detailing results and guidance; the investor materials reiterate the numbers and metrics driving today's headlines. Block Announces First Quarter 2026 Results
• Neutral Sentiment: Analyst coverage and explainers — market write-ups (Benzinga, Zacks) unpack why the share reaction followed the beat and guidance, useful for tracking which metrics (payments volume, lending growth, bitcoin mix) moved sentiment. Block Shares Climb After Q1 Report — Here's Why
• Negative Sentiment: Lingering structural/segment risks — this was Block’s first report since earlier organizational restructuring and staff reductions; some analysts remain cautious on bitcoin revenue and overall analyst sentiment had shown weakness into the print. Block Gears Up to Report Q1 Earnings: What's in the Offing?

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on XYZ shares. Zacks Research upgraded shares of Block from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 13th. Wall Street Zen downgraded shares of Block from a "buy" rating to a "hold" rating in a research note on Sunday, April 19th. BTIG Research restated a "buy" rating and issued a $90.00 price target on shares of Block in a research note on Wednesday, April 22nd. Truist Financial raised their price target on shares of Block from $77.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, April 24th. Finally, Needham & Company LLC raised their price objective on shares of Block from $80.00 to $90.00 and gave the company a "buy" rating in a report on Friday, February 27th. Four research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $83.46.

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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