--- title: "Hennessy Advisors Inc. Buys Shares of 20,000 Block, Inc. $XYZ" type: "News" locale: "en" url: "https://longbridge.com/en/news/271383526.md" description: "Hennessy Advisors Inc. acquired 20,000 shares of Block, Inc. (NYSE:XYZ) valued at approximately $1.45 million in Q3, as per its Form 13F filing. Other hedge funds also increased their stakes in Block. CFO Amrita Ahuja and insider Arnaud Weber sold shares recently, reducing their ownership. Block's stock opened at $65.15, with a market cap of $39.59 billion and a P/E ratio of 13.13. Analysts have mixed ratings on Block, with price targets ranging from $82 to $90, reflecting a generally positive outlook." datetime: "2026-01-03T10:54:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/271383526.md) - [en](https://longbridge.com/en/news/271383526.md) - [zh-HK](https://longbridge.com/zh-HK/news/271383526.md) generator: "portal-rs" --- # Hennessy Advisors Inc. Buys Shares of 20,000 Block, Inc. $XYZ Hennessy Advisors Inc. acquired a new stake in shares of Block, Inc. (NYSE:XYZ - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 20,000 shares of the technology company's stock, valued at approximately $1,445,000. - Hims, Block, and NRG Just Launched Huge Stock Buybacks Other hedge funds also recently bought and sold shares of the company. Traub Capital Management LLC bought a new stake in shares of Block during the 2nd quarter valued at about $26,000. Nemes Rush Group LLC purchased a new stake in shares of Block in the 2nd quarter worth $26,000. SouthState Corp bought a new position in Block in the 2nd quarter worth $29,000. First Horizon Advisors Inc. bought a new position in Block in the 2nd quarter worth $30,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in Block during the second quarter valued at $31,000. Hedge funds and other institutional investors own 70.44% of the company's stock. ## Insider Buying and Selling at Block In related news, CFO Amrita Ahuja sold 9,959 shares of the firm's stock in a transaction on Friday, November 21st. The shares were sold at an average price of $61.40, for a total value of $611,482.60. Following the completion of the transaction, the chief financial officer directly owned 272,965 shares of the company's stock, valued at approximately $16,760,051. This trade represents a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Arnaud Weber sold 7,095 shares of the business's stock in a transaction on Friday, November 21st. The stock was sold at an average price of $61.40, for a total transaction of $435,633.00. Following the completion of the sale, the insider owned 259,136 shares in the company, valued at $15,910,950.40. This represents a 2.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 84,243 shares of company stock worth $5,844,695 over the last three months. 10.85% of the stock is owned by company insiders. ## Block Stock Performance - Block Levels Up: What S&P 500 Inclusion Means for Investors Shares of NYSE XYZ opened at $65.15 on Friday. The company has a market cap of $39.59 billion, a P/E ratio of 13.13, a P/E/G ratio of 1.20 and a beta of 2.65. Block, Inc. has a 52-week low of $44.27 and a 52-week high of $94.25. 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's fifty day moving average is $65.79 and its two-hundred day moving average is $71.26. Block (NYSE:XYZ - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.25 by $0.29. Block had a net margin of 12.99% and a return on equity of 5.54%. The business had revenue of $6.11 billion during the quarter. During the same period last year, the company earned $0.53 EPS. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, analysts anticipate that Block, Inc. will post 2.54 EPS for the current fiscal year. ## Wall Street Analysts Forecast Growth - Snag These 3 Bargain Tech Stocks Before They Pop A number of analysts have commented on the company. The Goldman Sachs Group reduced their price target on Block from $96.00 to $82.00 and set a "buy" rating for the company in a research report on Friday, November 7th. Truist Financial upgraded Block from a "sell" rating to a "hold" rating in a research note on Monday, November 17th. Keefe, Bruyette & Woods decreased their target price on shares of Block from $90.00 to $85.00 and set an "outperform" rating on the stock in a research note on Friday. BTIG Research reiterated a "buy" rating and issued a $90.00 price target on shares of Block in a research report on Thursday, November 20th. Finally, Wells Fargo & Company upgraded shares of Block to a "strong-buy" rating in a research report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $83.12. **Read Our Latest Report on Block** ## Block Profile (Free Report) Block NYSE: XYZ 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. 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. ## Read More - Five stocks we like better than Block - Do not delete, read immediately - The $100 Trillion AI Story No One Is Telling You - If You Keep Cash In A U.S. Bank Account… Read This NOW - Wall Street Stockpicker Names #1 Stock of 2026 - But this $2 Gold Stock Before May 20, 2026 **Want to see what other hedge funds are holding XYZ?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Block, Inc. (NYSE:XYZ - Free Report). *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.* ## Should You Invest $1,000 in Block Right Now? Before you consider Block, you'll want to hear this. 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. While Block currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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