Piper Sandler Lowers Block’s Outlook Amid Mixed Fund Sentiment

On May 2, 2025, Piper Sandler downgraded Block’s (BRSE:SQ3) rating from Overweight to Neutral.

Current Fund Sentiment Towards Block

A total of 1,813 funds or institutions hold positions in Block, marking an increase of 126 owners, or 7.47%, in the last quarter. The average portfolio weight of all funds in SQ3 is now 0.34%, reflecting a notable rise of 105.68%. Moreover, total institutional shares rose by 4.52% over the past three months, reaching 457,389K shares.

Institutional Shareholder Movements

Vanguard Total Stock Market Index Fund Investor Shares currently holds 17,548K shares, representing 3.14% ownership of Block. Previously, they reported owning 17,637K shares, indicating a decrease of 0.51%. However, they increased their portfolio allocation in SQ3 by 24.14% this past quarter.

JPMorgan Chase holds 17,237K shares, equating to 3.08% ownership. Their prior filing mentioned 15,888K shares, showcasing an increase of 7.82%. The firm also raised its portfolio allocation in SQ3 by 34.59% in the last quarter.

Vanguard Mid-Cap Index Fund Investor Shares maintains 12,028K shares, which accounts for 2.15% ownership. Compared to its previous filing of 11,757K shares, this represents an increase of 2.25%, with a 28.54% rise in portfolio allocation over the past quarter.

Baillie Gifford has 11,168K shares, representing 2.00% ownership. Their last report indicated ownership of 10,233K shares, which shows an increase of 8.37%. They have also increased their SQ3 allocation by 41.87% in the last quarter.

Sands Capital Management owns 10,340K shares, amounting to 1.85% ownership. In its previous filing, they mentioned owning 11,228K shares, demonstrating a decrease of 8.59%. The firm, however, still raised its portfolio allocation in SQ3 by 13.67% recently.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.