<div id="readability-page-1"><p>Institute for Wealth Management LLC. acquired a new position in shares of  Block, Inc. (NYSE:XYZ - Free Report) during the third quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The firm acquired 19,820 shares of the technology company's stock, valued at approximately $1,432,000.</p><ul><li>Hims, Block, and NRG Just Launched Huge Stock Buybacks </li></ul><p>A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XYZ. Traub Capital Management LLC acquired a new stake in shares of  Block in the 2nd quarter worth $26,000.  Nemes Rush Group LLC purchased a new stake in shares of  Block in the second quarter valued at about $26,000.  SouthState Corp purchased a new stake in shares of  Block in the second quarter valued at about $29,000.  First Horizon Advisors Inc. acquired a new stake in  Block during the second quarter worth about $30,000.  Finally, Comprehensive Financial Planning Inc. PA purchased a new position in  Block during the second quarter worth about $31,000. Institutional investors and hedge funds own  70.44% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of brokerages have recently issued reports on XYZ. Wells Fargo &amp; Company upgraded shares of Block to a &#34;strong-buy&#34; rating in a report on Wednesday, October 22nd. KeyCorp  reiterated an &#34;overweight&#34; rating and issued a $94.00 price objective on shares of Block in a report on Wednesday, October 22nd. Compass Point raised Block from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a research note on Friday, November 21st. Truist Financial upgraded Block from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research report on Monday, November 17th. Finally, Weiss Ratings  reiterated a &#34;hold (c)&#34; rating on shares of Block in a report on Monday, December 22nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned  a Buy rating, twelve have assigned  a Hold rating and one  has assigned  a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of &#34;Moderate Buy&#34; and an average price target of $83.42.</p><ul><li>Block Levels Up: What S&amp;P 500 Inclusion Means for Investors</li></ul><p><b>Get Our Latest Research Report on XYZ</b></p><h2>Block Trading Up 0.3%</h2><p>XYZ opened at $66.26 on Monday. Block, Inc. has a 52 week low of $44.27 and a 52 week high of $94.25. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $67.02 and a 200-day simple moving average of $71.30. The firm has a market cap of $40.26 billion, a P/E ratio of 13.36, a P/E/G ratio of 2.62 and a beta of 2.66. </p><ul><li>Snag These 3 Bargain Tech Stocks Before They Pop</li></ul><p>Block (NYSE:XYZ - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.29. Block had a return on equity of 5.54% and a net margin of 12.99%.The firm had revenue of $6.11 billion for the quarter. During the same quarter in the prior year, the firm posted $0.53 EPS. Block's quarterly revenue was up 2.3% compared to the same quarter last year.  On average, equities analysts expect that  Block, Inc. will post 2.54 earnings per share for the current year. </p><h2>Insider Buying and Selling at Block</h2><p>In other news, insider Brian Grassadonia sold 8,085 shares of the firm's stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $61.96, for a total value of $500,946.60. Following the completion of the transaction, the insider owned 521,352 shares of the company's stock, valued at approximately $32,302,969.92. This trade represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Chrysty Esperanza sold 3,608 shares of Block stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $61.40, for a total transaction of $221,531.20. Following the completion of the transaction, the insider owned 123,198 shares of the company's stock, valued at $7,564,357.20. This trade represents a 2.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 92,617 shares of company stock valued at $6,474,580. Corporate insiders own  10.49% of the company's stock. </p><h2>Block Company Profile</h2> (Free Report)<p>Block <span>NYSE: XYZ<span></span></span> 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.  </p><p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Block</li><li>Do not delete, read immediately</li><li>How the Rich Retire</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>How Long Will $1M Last in Retirement?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</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>Institute for Wealth Management LLC acquired a new position in Block, Inc. (NYSE:XYZ) during Q3, purchasing 19,820 shares valued at approximately $1.43 million. Other institutional investors also increased their stakes. Analysts have given Block a "Moderate Buy" rating, with an average price target of $83.42. Block reported Q3 earnings of $0.54 EPS, exceeding estimates, with revenue of $6.11 billion. Insider trading activity included sales by Brian Grassadonia and Chrysty Esperanza, reducing their holdings. Block's stock opened at $66.26, with a 52-week range of $44.27 to $94.25.</p>

Institute for Wealth Management LLC. Purchases New Stake in Block, Inc. $XYZ