MSH Capital Advisors LLC Acquires Shares of 17,578 Block, Inc. $XYZ

Key Points

• MSH Capital Advisors acquired 17,578 Block shares worth approximately $669,000 during the second quarter, while institutional investors collectively own 70.44% of the company.
• Analysts remain broadly positive, with Block receiving a “Moderate Buy” consensus rating and an average price target of $95.23 after several firms raised their targets.
• Block reported quarterly EPS of $1.02, surpassing the $0.48 consensus estimate, while revenue rose 9.3% year over year to $6.62 billion. Insiders, however, sold 470,552 shares worth about $36.9 million over the past three months.

MSH Capital Advisors LLC acquired a new stake in Block, Inc. (NYSE:XYZ - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 17,578 shares of the technology company's stock, valued at approximately $669,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. West Family Investments Inc. bought a new position in shares of Block during the 2nd quarter worth approximately $416,000. NewEdge Wealth LLC bought a new stake in Block in the second quarter valued at $662,000. Wealthfront Advisers LLC bought a new stake in Block in the second quarter valued at $637,000. Meeder Asset Management Inc. acquired a new position in Block during the second quarter worth $46,000. Finally, Citizens Financial Group Inc. RI acquired a new position in Block during the second quarter worth $368,000. Institutional investors own 70.44% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on XYZ shares. The Goldman Sachs Group raised shares of Block from a "buy" rating to a "buy" rating in a report on Tuesday, June 30th. Wall Street Zen raised shares of Block from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. Citigroup boosted their price target on shares of Block from $100.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, July 16th. Royal Bank Of Canada upped their price objective on shares of Block from $93.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Block from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, Block presently has an average rating of "Moderate Buy" and an average price target of $95.23.

Insiders Place Their Bets

In other news, Director Anthony Mathew Eisen sold 135,750 shares of the company's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the transaction, the director directly owned 2,032,990 shares in the company, valued at approximately $156,153,961.90. This represents a 6.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian Grassadonia sold 43,348 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the sale, the insider directly owned 557,654 shares in the company, valued at $44,612,320. This trade represents a 7.21% 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 470,552 shares of company stock valued at $36,906,840. Insiders own 11.37% of the company's stock.

Block Stock Performance

Block stock opened at $80.89 on Thursday. The stock has a 50-day simple moving average of $78.27 and a 200 day simple moving average of $68.94. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $86.75. The stock has a market capitalization of $48.60 billion, a price-to-earnings ratio of 144.45, a P/E/G ratio of 0.89 and a beta of 2.53.

Block (NYSE:XYZ - Get Free Report) last issued its quarterly 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. Block had a net margin of 1.43% and a return on equity of 8.10%. The business had revenue of $6.62 billion for the quarter. During the same quarter last year, the company earned $0.62 EPS. The firm's quarterly revenue was up 9.3% on a year-over-year basis. 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 anticipate that Block, Inc. will post 2.69 earnings per share for the current fiscal year.

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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