Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Eisen sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $89.00, for a total value of $8,900,000.00. Following the sale, the director owned 1,077,672 shares of the company’s stock, valued at approximately $95,912,808. This represents a 8.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Wednesday, November 4th, Anthony Eisen sold 35,000 shares of Block stock. The shares were sold at an average price of $87.50, for a total value of $3,062,500.00.
- 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 Monday, October 26th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.76, for a total value of $454,560.00.
- On Friday, October 23rd, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 shares were 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 stock was 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 stock was 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 transaction of $461,820.00.
- On Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.75, for a total transaction of $454,500.00.
Block Price Performance
NYSE:XYZ opened at $84.43 on Friday. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $89.39. The firm has a market cap of $50.73 billion, a price-to-earnings ratio of 23.57, a P/E/G ratio of 0.81 and a beta of 2.58. The firm’s 50-day simple moving average is $78.26 and its 200 day simple moving average is $72.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.23 and a current ratio of 2.23.
Block (NYSE:XYZ – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The technology company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.45. Block had a net margin of 1.80% and a return on equity of 9.63%. The firm had revenue of $6.72 billion during the quarter. During the same period in the prior year, the firm earned $0.54 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, sell-side analysts predict that Block, Inc. will post 2.86 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Susquehanna increased their price target on Block from $100.00 to $110.00 and gave the stock a “positive” rating in a research report on Wednesday, November 4th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price on shares of Block in a research report on Wednesday, November 4th. Wells Fargo & Company increased their target price on Block from $97.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, November 5th. Rothschild & Co Redburn raised their price target on Block from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 3rd. Finally, The Goldman Sachs Group dropped their price target on Block from $107.00 to $102.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $100.67.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Block in the second quarter valued at approximately $621,703,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Block by 528.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock valued at $199,153,000 after acquiring an additional 2,782,523 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Block by 18.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,194,419 shares of the technology company’s stock valued at $234,886,000 after acquiring an additional 494,083 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Block by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company’s stock valued at $189,353,000 after acquiring an additional 39,112 shares in the last quarter. Finally, Hyperion Asset Management Ltd boosted its holdings in shares of Block by 6.9% during the 2nd quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company’s stock valued at $203,897,000 after acquiring an additional 172,848 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 payment and commerce tools to businesses and financial services for consumers. Its products include Square, a platform offering payment processing, point-of-sale software and related business services, and Cash App, which provides person-to-person payments and other financial features. The company also owns Afterpay, a buy-now, pay-later service, and TIDAL, a music and entertainment platform. Block serves businesses and consumers in the United States and other markets, with product availability varying by country.
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