Insider Selling: Block (NYSE:XYZ) Director Sells $454,560.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the company’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $75.76, for a total transaction of $454,560.00. Following the sale, the director owned 1,224,672 shares of the company’s stock, valued at $92,781,150.72. The trade was a 0.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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, October 28th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.44, for a total value of $446,640.00.
• On Friday, October 23rd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.84, for a total value of $467,040.00.
• On Wednesday, October 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.07, for a total value of $474,420.00.
• On Monday, October 19th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.58, for a total value of $471,480.00.
• On Friday, October 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.43, for a total value of $482,580.00.
• On Wednesday, October 14th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.70, for a total value of $454,200.00.
• On Monday, October 12th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.97, for a total value of $461,820.00.
• On Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.75, for a total value of $454,500.00.
• On Wednesday, October 7th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.35, for a total value of $452,100.00.
• On Monday, October 5th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.24, for a total value of $445,440.00.

Block Stock Performance

Shares of XYZ stock opened at $76.96 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a market cap of $46.24 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 0.79 and a beta of 2.55. The stock has a 50-day moving average of $78.08 and a 200-day moving average of $71.05. Block, Inc. has a one year low of $48.21 and a one year high of $86.92.

Block (NYSE:XYZ) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. The business had revenue of $6.62 billion for the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The business’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 earnings per share. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, sell-side analysts expect that Block, Inc. will post 2.75 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley downgraded shares of Block from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $90.00 to $80.00 in a research note on Monday. Robert W. Baird lifted their price target on shares of Block from $105.00 to $106.00 and gave the stock an “outperform” rating in a research report on Friday, October 2nd. BMO Capital Markets raised shares of Block from a “market perform” rating to an “outperform” rating and set a $101.00 price target on the stock in a research report on Thursday, October 22nd. UBS Group set a $96.00 price target on shares of Block in a report on Thursday, October 15th. Finally, Weiss Ratings upgraded shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Block presently has a consensus rating of “Moderate Buy” and an average target price of $95.61.

Hedge Funds Weigh In On Block

Several institutional investors have recently modified their holdings of XYZ. BlackRock Inc. bought a new stake in Block during the 2nd quarter worth approximately $621,703,000. Arrowstreet Capital Limited Partnership raised its holdings in Block by 528.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock worth $199,153,000 after buying an additional 2,782,523 shares during the period. Assenagon Asset Management S.A. lifted its stake in Block by 372.8% in the second quarter. Assenagon Asset Management S.A. now owns 937,540 shares of the technology company’s stock valued at $71,253,000 after buying an additional 739,264 shares in the last quarter. Bank of America Corp DE bought a new position in Block in the second quarter valued at approximately $23,531,000. Finally, Engineers Gate Manager LP lifted its stake in Block by 2,575.4% in the second quarter. Engineers Gate Manager LP now owns 571,414 shares of the technology company’s stock valued at $43,427,000 after buying an additional 550,056 shares in the last quarter. Institutional investors own 70.44% of the company’s stock.

Block Company Profile

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.