Insider Selling: Block (NYSE:XYZ) Director Sells $488,880.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $81.48, for a total transaction of $488,880.00. Following the sale, the director directly owned 1,488,672 shares of the company’s stock, valued at approximately $121,296,994.56. This trade represents a 0.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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, August 21st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.04, for a total transaction of $480,240.00.
• On Wednesday, August 19th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.55, for a total transaction of $477,300.00.
• On Monday, August 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.63, for a total transaction of $489,780.00.
• On Friday, August 14th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.87, for a total transaction of $497,220.00.
• On Wednesday, August 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.62, for a total transaction of $471,720.00.
• On Monday, August 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.47, for a total transaction of $470,820.00.
• On Thursday, August 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $83.07, for a total value of $498,420.00.
• On Wednesday, August 5th, Anthony Mathew Eisen sold 41,000 shares of Block stock. The shares were sold at an average price of $85.85, for a total value of $3,519,850.00.
• On Monday, August 3rd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.52, for a total value of $489,120.00.
• On Friday, July 31st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.27, for a total value of $493,620.00.

Block Trading Up 0.7%

Shares of Block stock opened at $83.28 on Thursday. 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 52 week low of $48.21 and a 52 week high of $86.75. The stock has a 50 day moving average price of $79.26 and a two-hundred day moving average price of $69.79. The stock has a market capitalization of $50.03 billion, a PE ratio of 148.71, a price-to-earnings-growth ratio of 0.92 and a beta of 2.53.

Block (NYSE:XYZ) last issued its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The company had revenue of $6.62 billion for the quarter. During the same period in the previous year, the company earned $0.62 earnings per share. Block’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, equities analysts anticipate that Block, Inc. will post 2.69 earnings per share for the current fiscal year.

Institutional Trading of Block

Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its position in shares of Block by 6,740.0% during the 2nd quarter. California State Teachers Retirement System now owns 54,852,088 shares of the technology company’s stock valued at $4,168,759,000 after acquiring an additional 54,050,161 shares during the period. BlackRock Inc. purchased a new position in Block in the second quarter valued at approximately $621,703,000. Capital World Investors grew its holdings in Block by 41.8% during the fourth quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock valued at $1,042,966,000 after purchasing an additional 4,727,217 shares during the period. Geode Capital Management LLC increased its position in Block by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock worth $934,121,000 after buying an additional 67,560 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in shares of Block during the 2nd quarter valued at $535,305,000. Institutional investors own 70.44% of the company’s stock.

Analysts Set New Price Targets

XYZ has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating on shares of Block in a research report on Wednesday, August 5th. TD Cowen boosted their price objective on Block from $101.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Piper Sandler increased their price objective on Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. BTIG Research raised their target price on Block from $90.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Craig Hallum started coverage on Block in a research report on Tuesday, June 30th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.84.

About Block

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.