Block (NYSE:XYZ) Stock: Insider Anthony Mathew Eisen Sells 100,000 Shares

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.

Get Our Latest Report on XYZ

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

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Block (NYSE:XYZ)

Receive News & Ratings for Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Block and related companies with MarketBeat.com's FREE daily email newsletter.