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

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the firm’s stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $75.35, for a total value of $452,100.00. Following the transaction, the director owned 1,302,672 shares in the company, valued at approximately $98,156,335.20. This trade represents a 0.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 value of $454,500.00.
• 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.
• On Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.61, for a total value of $453,660.00.
• On Wednesday, September 30th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.33, for a total value of $445,980.00.
• On Monday, September 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.20, for a total value of $451,200.00.
• On Friday, September 25th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.90, for a total transaction of $461,400.00.
• On Wednesday, September 23rd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.67, for a total transaction of $460,020.00.
• On Monday, September 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 transaction of $459,300.00.
• On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.36, for a total transaction of $470,160.00.

Block Price Performance

Shares of NYSE XYZ traded up $2.11 during trading hours on Friday, hitting $77.34. 5,232,356 shares of the stock were exchanged, compared to its average volume of 6,232,754. The company’s fifty day simple moving average is $79.29 and its two-hundred day simple moving average is $74.22. The company has a market cap of $46.46 billion, a PE ratio of 138.11, a price-to-earnings-growth ratio of 0.80 and a beta of 2.55. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92.

Block (NYSE:XYZ) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The business had revenue of $6.62 billion during the quarter. During the same quarter in the prior year, the firm earned $0.62 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. On average, sell-side analysts predict that Block, Inc. will post 2.74 EPS for the current year.

Hedge Funds Weigh In On Block

Large investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Block during the second quarter worth about $621,703,000. Contour Asset Management LLC raised its holdings in Block by 30.4% in the 4th quarter. Contour Asset Management LLC now owns 4,666,891 shares of the technology company’s stock valued at $303,768,000 after buying an additional 1,088,299 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings 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 valued at $199,153,000 after buying an additional 2,782,523 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Block by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company’s stock worth $189,353,000 after buying an additional 39,112 shares during the period. Finally, Hyperion Asset Management Ltd boosted its position in Block by 6.9% during the 2nd quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company’s stock worth $203,897,000 after buying an additional 172,848 shares during the period. 70.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. UBS Group lifted their target price on Block from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Monness Crespi & Hardt raised their price target on shares of Block from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Rosenblatt Securities set a $100.00 price target on shares of Block in a report on Tuesday, June 30th. Argus upped their price objective on shares of Block from $86.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Block in a research note on Wednesday, August 5th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Block presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.45.

Block Company Profile

Block, Inc (NYSE:XYZ), formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.

Block’s Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.