Insider Selling: Block (NYSE:XYZ) Director Sells $2,873,880.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 36,000 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $79.83, for a total value of $2,873,880.00. Following the completion of the sale, the director owned 1,874,672 shares of the company’s stock, valued at approximately $149,655,065.76. This represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anthony Mathew Eisen also recently made the following trade(s):

• On Wednesday, July 1st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.40, for a total transaction of $458,400.00.
• On Monday, June 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.93, for a total transaction of $473,580.00.
• On Friday, June 26th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.80, for a total transaction of $448,800.00.
• On Wednesday, June 24th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.01, for a total transaction of $444,060.00.
• On Monday, June 22nd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.28, for a total transaction of $445,680.00.
• On Wednesday, June 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.10, for a total value of $444,600.00.
• On Monday, June 15th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $72.26, for a total value of $433,560.00.
• On Friday, June 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $69.78, for a total value of $418,680.00.
• On Wednesday, June 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $66.64, for a total value of $399,840.00.
• On Monday, June 8th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $68.22, for a total value of $409,320.00.

Block Trading Up 2.1%

Block stock traded up $1.58 during mid-day trading on Thursday, hitting $78.71. The company’s stock had a trading volume of 5,478,450 shares, compared to its average volume of 5,918,765. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The company has a 50 day moving average of $72.04 and a 200-day moving average of $65.56. Block, Inc. has a one year low of $48.21 and a one year high of $82.50. The stock has a market cap of $46.85 billion, a PE ratio of 61.50, a P/E/G ratio of 0.98 and a beta of 2.54.

Block (NYSE:XYZ) last released its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.55. The business had revenue of $6.06 billion during the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 earnings per share. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, research analysts anticipate that Block, Inc. will post 2.48 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. BMO Capital Markets assumed coverage on shares of Block in a research report on Tuesday. They set an “outperform” rating on the stock. Needham & Company LLC raised their price objective on Block from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Oppenheimer cut Block from an “outperform” rating to a “market perform” rating in a report on Tuesday. Rosenblatt Securities set a $100.00 price target on Block in a research report on Tuesday. Finally, Piper Sandler raised shares of Block from an “underweight” rating to an “overweight” rating and raised their target price for the company from $58.00 to $100.00 in a research report on Monday. Four analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.56.

Institutional Trading of Block

Institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. purchased a new position in Block during the 2nd quarter worth $535,305,000. Norges Bank acquired a new position in shares of Block during the fourth quarter valued at about $484,387,000. Capital World Investors raised its position in shares of Block by 192.7% in the 3rd quarter. Capital World Investors now owns 11,296,224 shares of the technology company’s stock valued at $816,378,000 after purchasing an additional 7,436,380 shares during the last quarter. Viking Global Investors LP purchased a new position in shares of Block in the 2nd quarter valued at approximately $368,213,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Block by 528.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock worth $199,153,000 after purchasing an additional 2,782,523 shares in the last quarter. 70.44% of the stock is currently owned by institutional investors.

Block Company Profile

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.