Piper Sandler Downgrades Block’s Rating from Overweight to Neutral

On May 2, 2025, Piper Sandler revised its outlook for Block (BMV: SQ), transitioning from an Overweight to a Neutral rating.

Current Shareholder Activity

Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) currently holds 17,548K shares of Block, representing 3.14% ownership. This marks a 0.51% decrease from their previous holding of 17,637K shares. However, VTSMX increased its portfolio allocation in Block by 24.14% over the last quarter.

JPMorgan Chase maintains 17,237K shares, which equates to 3.08% ownership of the company. Their previous position was 15,888K shares, reflecting a 7.82% increase. The firm boosted its portfolio allocation in Block by 34.59% in the last quarter.

Vanguard Mid-Cap Index Fund Investor Shares (VIMSX) holds 12,028K shares, accounting for 2.15% ownership. Their earlier filing indicated 11,757K shares, illustrating a 2.25% increase. Like others, VIMSX also raised its portfolio allocation in Block by 28.54% over the last quarter.

Baillie Gifford owns 11,168K shares, or 2.00% of the company. Previously, they held 10,233K shares, marking an 8.37% increase. Their portfolio allocation for Block surged by 41.87% in the previous quarter.

Sands Capital Management holds 10,340K shares, signifying 1.85% ownership. This is a 8.59% drop from their last report of 11,228K shares. Nevertheless, they increased their portfolio allocation in Block by 13.67% over the last quarter.

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