<div id="readability-page-1"><p>Vanguard Group Inc. bought a new position in shares of  Block, Inc. (NYSE:XYZ - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor  bought 54,916,661 shares of the technology company's stock, valued at approximately $3,730,489,000. Vanguard Group Inc. owned approximately 8.93% of Block as of its most recent SEC filing.</p><ul><li>Block Levels Up: What S&amp;P 500 Inclusion Means for Investors</li></ul><p>A number of other hedge funds also recently bought and sold shares of the business. SouthState Corp acquired a new stake in  Block during the second quarter worth about $29,000.  First Horizon Advisors Inc. acquired a new position in  Block in the 2nd quarter valued at about $30,000.  Comprehensive Financial Planning Inc. PA purchased a new position in  Block in the 2nd quarter valued at approximately $31,000.  Parkside Financial Bank &amp; Trust acquired a new position in  Block during the 2nd quarter worth $31,000.  Finally, Deseret Mutual Benefit Administrators purchased a new stake in shares of  Block during the second quarter worth approximately $33,000. Institutional investors and hedge funds own  70.44% of the company's stock. </p><h2>Insiders Place Their Bets</h2><p>In other news, insider Brian Grassadonia sold 35,145 shares of the company's stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $80.00, for a total transaction of $2,811,600.00. Following the completion of the sale, the insider directly owned 535,896 shares of the company's stock, valued at $42,871,680. This represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Amrita Ahuja sold 1,276 shares of the business's stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $76.69, for a total transaction of $97,856.44. Following the sale, the chief financial officer directly owned 282,924 shares in the company, valued at approximately $21,697,441.56. This trade represents a 0.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 76,160 shares of company stock valued at $5,899,556. Corporate insiders own  10.85% of the company's stock. </p><h2>Block Stock Up 7.3%</h2><ul><li>Snag These 3 Bargain Tech Stocks Before They Pop</li></ul><p>Shares of Block stock opened at $61.83 on Thursday. The company has a market capitalization of $37.57 billion, a PE ratio of 12.47, a P/E/G ratio of 2.97 and a beta of 2.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.18 and a quick ratio of 2.18. The business has a 50-day moving average of $73.63 and a 200-day moving average of $70.22. Block, Inc. has a 1-year low of $44.27 and a 1-year high of $99.26. </p><p>Block (NYSE:XYZ - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.29. Block had a return on equity of 7.41% and a net margin of 12.99%.The business had revenue of $6.11 billion during the quarter. During the same quarter last year, the business posted $0.53 earnings per share. The firm's revenue for the quarter was up 2.3% on a year-over-year basis.  As a group, equities analysts forecast that  Block, Inc. will post 2.54 EPS for the current fiscal year. </p><h2>Analyst Ratings Changes</h2><ul><li>Strategy’s $5 Million Bitcoin Target: Beacon or Bagholder? </li></ul><p>A number of analysts have weighed in on XYZ shares. Weiss Ratings  reissued a &#34;hold (c+)&#34; rating on shares of Block in a report on Wednesday, October 8th. Morgan Stanley dropped their price objective on shares of Block from $77.00 to $71.00 and set an &#34;equal weight&#34; rating on the stock in a research note on Friday, November 7th. Jefferies Financial Group upped their price objective on Block from $90.00 to $95.00 and gave the stock a &#34;buy&#34; rating in a report on Tuesday, October 21st. BTIG Research  reaffirmed a &#34;buy&#34; rating and issued a $90.00 target price on shares of Block in a report on Friday, November 14th. Finally, Canaccord Genuity Group  restated a &#34;buy&#34; rating and set a $80.00 target price on shares of Block in a report on Tuesday, September 23rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Block presently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $82.36.</p><p><b>Read Our Latest Analysis on XYZ</b></p><h2>Block Profile</h2> (Free Report)<p>Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Block</li><li>Roth IRA Calculator: Calculate Your Potential Returns</li><li>onsemi Places a $6 Billion Bet on Its Own Stock</li><li>Manufacturing Stocks Investing</li><li>HIMS Has Been a Roller Coaster Ride. Should Investors Hop On?</li><li>Insider Trades May Not Tell You What You Think</li><li>End the Year Strong With These 3 Comeback Champions</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVhZWg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVhZWg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Block Right Now?</h2><p>Before you consider Block, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Block wasn't on the list.</p><p>While Block currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Vanguard Group Inc. acquired 54,916,661 shares of Block, Inc., valued at $3.73 billion, owning 8.93% of the company. Insiders sold shares, reducing their ownership. Block's stock rose 7.3%, with a market cap of $37.57 billion. Analysts have mixed ratings, with some maintaining buy ratings and others adjusting price targets. Block's quarterly earnings exceeded expectations, reporting $0.54 EPS and $6.11 billion revenue, up 2.3% year-over-year. Institutional investors own 70.44% of Block's stock, while insiders hold 10.85%.</p>

Vanguard Group Inc. Purchases New Holdings in Block, Inc. $XYZ