<div id="readability-page-1"><p>IFM Investors Pty Ltd acquired a new stake in shares of  Block, Inc. (NYSE:XYZ - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 102,579 shares of the technology company's stock, valued at approximately $7,557,000.</p><ul><li>Hims, Block, and NRG Just Launched Huge Stock Buybacks </li></ul><p>A number of other large investors have also added to or reduced their stakes in XYZ. Nemes Rush Group LLC purchased a new stake in  Block during the 2nd quarter valued at $26,000.  Traub Capital Management LLC purchased a new stake in shares of  Block in the 2nd quarter worth approximately $26,000.  SouthState Corp purchased a new position in shares of  Block in the 2nd quarter worth about $29,000.  First Horizon Advisors Inc. bought a new position in shares of  Block in the second quarter worth approximately $30,000.  Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of  Block in the second quarter worth $31,000. Hedge funds and other institutional investors own  70.44% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>A number of analysts have commented on the company. Compass Point upgraded Block from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a research report on Friday, November 21st. Truist Financial raised Block from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research note on Monday, November 17th. Zacks Research downgraded Block from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Monday, November 10th. Wells Fargo &amp; Company upgraded shares of Block to a &#34;strong-buy&#34; rating in a research note on Wednesday, October 22nd. Finally, Citigroup upgraded Block to a &#34;strong-buy&#34; rating in a report on Thursday, October 23rd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned  a Buy rating, twelve have given a Hold rating and one  has given a Sell rating to the company. Based on data from MarketBeat, Block  has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $83.42.</p><ul><li>Block Levels Up: What S&amp;P 500 Inclusion Means for Investors</li></ul><p><b>View Our Latest Stock Analysis on XYZ</b></p><h2>Block Price Performance</h2><p>XYZ stock opened at $66.21 on Friday. The stock has a market capitalization of $40.23 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 2.61 and a beta of 2.65. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.25. Block, Inc. has a 52-week low of $44.27 and a 52-week high of $94.25. The stock's fifty day simple moving average is $67.20 and its 200-day simple moving average is $71.20. </p><ul><li>Snag These 3 Bargain Tech Stocks Before They Pop</li></ul><p>Block (NYSE:XYZ - Get Free Report) last released its earnings results on Thursday, November 6th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.29. The firm had revenue of $6.11 billion for the quarter. Block had a return on equity of 5.54% and a net margin of 12.99%.The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 earnings per share.  Equities research analysts expect that  Block, Inc. will post 2.54 EPS for the current year. </p><h2>Insiders Place Their Bets</h2><p>In other Block news, insider Owen Britton Jennings sold 10,417 shares of Block stock in a transaction on Friday, November 21st. The shares were sold at an average price of $61.40, for a total value of $639,603.80. Following the transaction, the insider owned 243,540 shares in the company, valued at $14,953,356. This trade represents a 4.10% decrease in their position. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available through this link. Also, insider Chrysty Esperanza sold 3,608 shares of the company's stock in a transaction on Friday, November 21st. The stock was sold at an average price of $61.40, for a total value of $221,531.20. Following the sale, the insider owned 123,198 shares of the company's stock, valued at approximately $7,564,357.20. The trade was a 2.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 92,617 shares of company stock valued at $6,474,580. 10.85% of the stock is currently owned by corporate insiders. </p><h2>Block 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>Read More</h2><ul><li>Five stocks we like better than Block</li><li>Turn your &#34;dead money&#34; into $306+ monthly (starting this month)</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li><li>Washington prepares for war</li><li>Put $1,000 into this stock by Jan 1 [Not NVDA]</li><li>The McDonald's Secret</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>IFM Investors Pty Ltd acquired 102,579 shares of Block, Inc., valued at approximately $7,557,000, during the 3rd quarter. This acquisition was reported in the company's recent 13F filing with the SEC. Block, Inc. is a technology company with a market cap of $40.23 billion. The stock has a consensus rating of 'Moderate Buy' and an average target price of $83.42.</p>

IFM Investors Pty Ltd Buys Shares of 102,579 Block, Inc. $XYZ