Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $76.66, for a total transaction of $459,960.00. Following the completion of the transaction, the director owned 1,856,672 shares of the company’s stock, valued at approximately $142,332,475.52. This represents a 0.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 Monday, July 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.77, for a total transaction of $472,620.00.
- On Thursday, July 2nd, Anthony Mathew Eisen sold 36,000 shares of Block stock. The shares were sold at an average price of $79.83, for a total value of $2,873,880.00.
- 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 value 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 value of $473,580.00.
- On Friday, June 26th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.80, for a total value 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 value of $444,060.00.
- On Monday, June 22nd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.28, for a total value 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 transaction of $418,680.00.
Block Stock Up 1.0%
Shares of NYSE:XYZ opened at $77.28 on Friday. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $82.50. The company’s 50-day moving average price is $72.72 and its two-hundred day moving average price is $66.03. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26. The firm has a market cap of $46.00 billion, a P/E ratio of 60.38, a P/E/G ratio of 0.97 and a beta of 2.54.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC increased its stake in Block by 57.1% in the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock valued at $29,000 after purchasing an additional 161 shares in the last quarter. Elevation Wealth Partners LLC raised its holdings in Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after purchasing an additional 292 shares during the period. Global Assets Advisory LLC bought a new position in shares of Block during the first quarter worth $31,000. Rachor Investment Advisory Services LLC bought a new position in shares of Block during the fourth quarter worth $32,000. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of Block by 57.6% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after buying an additional 223 shares during the period. Institutional investors own 70.44% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on XYZ shares. Cantor Fitzgerald upped their price objective on Block from $78.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Robert W. Baird lifted their target price on Block from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Barclays began coverage on Block in a research report on Tuesday. They set an “overweight” rating and a $100.00 target price for the company. Oppenheimer cut Block from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Finally, William Blair lowered Block to a “market perform” rating in a research report on Tuesday, June 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $87.91.
Get Our Latest Research Report on Block
Key Stories Impacting Block
Here are the key news stories impacting Block this week:
- Positive Sentiment: Block was upgraded to Zacks Rank #1 (Strong Buy), a signal that analysts see improving earnings prospects and potential near-term upside. Article Title
- Positive Sentiment: Several Zacks momentum and value screens also added XYZ to their Strong Buy lists, reinforcing the recent bullish sentiment around the stock. Article Title
- Positive Sentiment: Analyst commentary pointed to accelerating GPV growth in Square, suggesting Block’s merchant ecosystem is still expanding. Article Title
- Neutral Sentiment: Insider sales by directors Brian Grassadonia and Anthony Mathew Eisen may weigh on sentiment, but the trades were disclosed as part of pre-arranged 10b5-1 plans. Article Title
- Negative Sentiment: Block’s $45 million settlement over Cash App fraud-protection allegations could pressure the shares by keeping regulatory and reputational concerns in focus. Article Title
About Block
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.
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