Anthony Mathew Eisen Sells 6,000 Shares of Block (NYSE:XYZ) Stock

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $76.67, for a total transaction of $460,020.00. Following the completion of the transaction, the director directly owned 1,362,672 shares of the company’s stock, valued at $104,476,062.24. The trade was a 0.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Monday, September 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.54, for a total transaction of $465,240.00.
• On Friday, September 18th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.55, for a total value of $459,300.00.
• On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.36, for a total value of $470,160.00.
• On Monday, September 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.96, for a total value of $473,760.00.
• On Thursday, September 10th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.39, for a total value of $470,340.00.
• On Tuesday, September 8th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.18, for a total transaction of $493,080.00.
• On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.51, for a total transaction of $495,060.00.
• On Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.30, for a total transaction of $463,800.00.
• On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.58, for a total transaction of $495,480.00.
• On Friday, August 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $85.12, for a total transaction of $510,720.00.

Block Trading Down 3.7%

XYZ stock traded down $2.83 on Wednesday, hitting $74.70. 5,171,640 shares of the company were exchanged, compared to its average volume of 6,348,506. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.92. 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 business’s fifty day moving average is $80.52 and its two-hundred day moving average is $73.12. The stock has a market capitalization of $44.88 billion, a price-to-earnings ratio of 133.39, a price-to-earnings-growth ratio of 0.81 and a beta of 2.52.

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. Block had a net margin of 1.43% and a return on equity of 8.10%. The company had revenue of $6.62 billion for the quarter. During the same quarter last year, the business earned $0.62 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. 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, research analysts forecast that Block, Inc. will post 2.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on XYZ shares. Needham & Company LLC boosted their price target on Block from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Argus lifted their price objective on Block from $86.00 to $103.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Weiss Ratings upgraded Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. TD Cowen increased their target price on shares of Block from $101.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Canaccord Genuity Group raised their price target on shares of Block from $85.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Four 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’s stock. According to MarketBeat, Block currently has an average rating of “Moderate Buy” and a consensus price target of $95.42.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of XYZ. BlackRock Inc. purchased a new stake in shares of Block in the second quarter worth about $621,703,000. Norges Bank purchased a new stake in shares of Block during the 4th quarter valued at about $484,387,000. Capital World Investors lifted its position in Block by 41.8% during the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock worth $1,042,966,000 after acquiring an additional 4,727,217 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position 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 acquiring an additional 2,782,523 shares in the last quarter. Finally, J. Stern & Co. LLP boosted its holdings in Block by 2,040.0% in the 4th quarter. J. Stern & Co. LLP now owns 2,299,565 shares of the technology company’s stock worth $149,679,000 after acquiring an additional 2,192,110 shares during the period. Institutional investors and hedge funds own 70.44% of the company’s stock.

Block Company Profile

Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.

Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.

Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.