Block, Inc. $XYZ Shares Newly Bought by Partners Wealth Management LLC

by · The Markets Daily

Partners Wealth Management LLC purchased a new position in Block, Inc. (NYSE:XYZ – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,283 shares of the technology company’s stock, valued at approximately $536,000.

Other hedge funds have also recently made changes to their positions in the company. Soltis Investment Advisors LLC boosted its holdings in shares of Block by 4.7% in the 3rd quarter. Soltis Investment Advisors LLC now owns 4,787 shares of the technology company’s stock valued at $352,000 after acquiring an additional 216 shares during the last quarter. Choreo LLC boosted its holdings in Block by 19.9% in the third quarter. Choreo LLC now owns 10,102 shares of the technology company’s stock valued at $743,000 after purchasing an additional 1,674 shares during the last quarter. Interchange Capital Partners LLC boosted its holdings in Block by 27.4% in the third quarter. Interchange Capital Partners LLC now owns 4,952 shares of the technology company’s stock valued at $364,000 after purchasing an additional 1,065 shares during the last quarter. Ashton Thomas Securities LLC grew its position in Block by 2.8% during the 3rd quarter. Ashton Thomas Securities LLC now owns 5,885 shares of the technology company’s stock worth $433,000 after purchasing an additional 160 shares during the period. Finally, Park Avenue Securities LLC grew its position in Block by 5.6% during the 3rd quarter. Park Avenue Securities LLC now owns 13,512 shares of the technology company’s stock worth $994,000 after purchasing an additional 721 shares during the period. 70.44% of the stock is owned by institutional investors and hedge funds.

Block Price Performance

Shares of XYZ stock opened at $76.36 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The firm’s 50-day moving average is $78.00 and its two-hundred day moving average is $71.08. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $86.92. The company has a market capitalization of $45.88 billion, a PE ratio of 136.37, a price-to-earnings-growth ratio of 0.80 and a beta of 2.55.

Block (NYSE:XYZ – Get Free Report) last posted its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating 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 company had revenue of $6.62 billion for the quarter. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The business’s revenue for the quarter 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. Analysts predict that Block, Inc. will post 2.75 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on XYZ. Weiss Ratings upgraded Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Citigroup lifted their price target on Block from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Scotiabank assumed coverage on Block in a report on Wednesday, September 2nd. They set a “sector perform” rating and a $82.00 target price on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $95.00 price target on shares of Block in a research report on Friday, September 25th. Finally, TD Cowen increased their price target on Block from $101.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $95.61.

Check Out Our Latest Stock Report on Block

Insider Activity at Block

In other news, Director Anthony Eisen sold 6,000 shares of Block stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $74.44, for a total transaction of $446,640.00. Following the sale, the director owned 1,212,672 shares of the company’s stock, valued at approximately $90,271,303.68. The trade was a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 314,565 shares of company stock worth $25,254,486. 11.37% of the stock is currently owned by insiders.

About Block

(Free Report)

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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