<div id="readability-page-1"><p>ST Germain D J Co. Inc. bought a new position in shares of  Block, Inc. (NYSE:XYZ - Free Report) during the third quarter, according to its most recent disclosure with the Securities &amp; Exchange Commission. The fund bought 115,900 shares of the technology company's stock, valued at approximately $8,376,000.</p><ul><li>Hims, Block, and NRG Just Launched Huge Stock Buybacks </li></ul><p>A number of other hedge funds and other institutional investors have also modified their holdings of XYZ. Vanguard Group Inc. acquired a new stake in  Block during the 2nd quarter worth about $3,730,489,000.  Sands Capital Management LLC purchased a new position in shares of  Block in the second quarter worth approximately $702,446,000.  Geode Capital Management LLC acquired a new stake in shares of  Block during the second quarter valued at approximately $634,721,000.  Dragoneer Investment Group LLC purchased a new stake in shares of  Block in the 2nd quarter valued at approximately $627,233,000.  Finally, Ameriprise Financial Inc. acquired a new position in  Block in the 2nd quarter worth approximately $535,305,000. Institutional investors and hedge funds own  70.44% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several analysts have issued reports on the stock. Wells Fargo &amp; Company raised shares of Block to a &#34;strong-buy&#34; rating in a research note on Wednesday, October 22nd. Mizuho lifted their price target on Block from $88.00 to $100.00 and gave the company an &#34;outperform&#34; rating in a report on Thursday, November 20th. Stephens  reissued an &#34;overweight&#34; rating and set a $95.00 price target on shares of Block in a research report on Thursday, November 20th. Bank of America raised their price objective on Block from $86.00 to $88.00 and gave the stock a &#34;buy&#34; rating in a research report on Friday, November 21st. Finally, Royal Bank Of Canada  reaffirmed an &#34;outperform&#34; rating and set a $90.00 target price on shares of Block in a research note on Thursday, November 20th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have assigned  a Hold rating and one  has issued  a Sell rating to the company. According to MarketBeat.com, Block  has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $83.42.</p><ul><li>Block Levels Up: What S&amp;P 500 Inclusion Means for Investors</li></ul><p><b>Check Out Our Latest Research Report on Block</b></p><h2>Block Price Performance</h2><p>Shares of XYZ opened at $64.62 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.18 and a current ratio of 2.18. The firm has a market cap of $39.27 billion, a PE ratio of 13.03, a PEG ratio of 2.54 and a beta of 2.65. The firm's 50 day moving average price is $68.85 and its 200 day moving average price is $71.24. Block, Inc. has a twelve month low of $44.27 and a twelve month high of $95.78. </p><ul><li>Snag These 3 Bargain Tech Stocks Before They Pop</li></ul><p>Block (NYSE:XYZ - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.25 by $0.29. The company had revenue of $6.11 billion for the quarter. Block had a net margin of 12.99% and a return on equity of 5.54%. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS.  As a group, research analysts expect that  Block, Inc. will post 2.54 EPS for the current fiscal year. </p><h2>Insider Activity</h2><p>In other Block news, insider Chrysty Esperanza sold 3,608 shares of the firm's stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $61.40, for a total transaction of $221,531.20. Following the transaction, the insider directly owned 123,198 shares in the company, valued at $7,564,357.20. This trade represents a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is available at the SEC website. Also, insider Arnaud Weber sold 7,095 shares of the company's stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $61.40, for a total value of $435,633.00. Following the sale, the insider owned 259,136 shares of the company's stock, valued at approximately $15,910,950.40. This trade represents a 2.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 92,617 shares of company stock valued at $6,474,580. Corporate insiders own  10.49% of the company's stock. </p><h2>About Block</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>Stock Market Holidays 2022-2025 - Here’s When the NYSE and NASDAQ Will be Closed</li><li>AI Chips Can’t Exist Without These 2 Underrated Tech Giants</li><li>How the NYSE and NASDAQ are Different, Why That Matters to Investors</li><li>Why Taiwan Semiconductor's 6.5% Dip Could Be a Smart Buy</li><li>How to Use Stock Screeners to Find Stocks</li><li>RTX Surges to Record Highs as Defense Orders Explode</li></ul><p><strong>Want to see what other hedge funds are holding XYZ?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Block, Inc. (NYSE:XYZ - Free Report).</p><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>ST Germain D J Co. Inc. acquired 115,900 shares of Block, Inc. (NYSE:XYZ) during the third quarter, valued at approximately $8,376,000. Other institutional investors also increased their holdings. Analysts have given Block a consensus rating of 'Moderate Buy' with a target price of $83.42. Block reported strong quarterly earnings, with a net margin of 12.99% and revenue of $6.11 billion. Insiders sold 92,617 shares valued at $6,474,580 in the last three months.</p>

115,900 Shares in Block, Inc. $XYZ Bought by ST Germain D J Co. Inc.