Block (NYSE:XYZ) Director Sells $477,300.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $79.55, for a total transaction of $477,300.00. Following the sale, the director directly owned 1,506,672 shares of the company’s stock, valued at approximately $119,855,757.60. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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, 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 value 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 value of $497,220.00.
• On Wednesday, August 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were 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 stock was 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 stock was 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 transaction 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 transaction of $493,620.00.
• On Wednesday, July 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.22, for a total value of $493,320.00.
• On Monday, July 27th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.88, for a total transaction of $473,280.00.

Block Stock Performance

Shares of XYZ stock opened at $82.15 on Friday. The stock has a market capitalization of $49.35 billion, a P/E ratio of 146.70, a PEG ratio of 0.90 and a beta of 2.53. The firm’s 50 day moving average is $78.74 and its 200 day moving average is $69.16. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $86.75. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. The firm had revenue of $6.62 billion during the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.Block’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 earnings per share. 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 anticipate that Block, Inc. will post 2.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays assumed coverage on Block in a research report on Tuesday, July 7th. They set an “overweight” rating and a $100.00 price target for the company. Wall Street Zen upgraded shares of Block from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Truist Financial raised their target price on shares of Block from $82.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Keefe, Bruyette & Woods raised their target price on Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Block from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Block currently has an average rating of “Moderate Buy” and an average target price of $95.23.

Hedge Funds Weigh In On Block

A number of hedge funds have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. raised its stake in shares of Block by 5.2% in the second quarter. TD Waterhouse Canada Inc. now owns 9,478 shares of the technology company’s stock worth $732,000 after purchasing an additional 471 shares during the last quarter. Premier Path Wealth Partners LLC boosted its holdings in shares of Block by 33.5% in the second quarter. Premier Path Wealth Partners LLC now owns 5,222 shares of the technology company’s stock worth $397,000 after buying an additional 1,310 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Block by 3.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 24,457 shares of the technology company’s stock worth $1,859,000 after acquiring an additional 915 shares during the last quarter. NEOS Investment Management LLC lifted its position in Block by 13.1% during the second quarter. NEOS Investment Management LLC now owns 88,876 shares of the technology company’s stock valued at $6,755,000 after purchasing an additional 10,285 shares in the last quarter. Finally, AXQ Capital LP bought a new position in shares of Block during the 2nd quarter valued at approximately $1,040,000. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

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.