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

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of Block stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $76.66, for a total value of $459,960.00. Following the completion of the sale, the director directly owned 1,856,672 shares of the company’s stock, valued at approximately $142,332,475.52. This represents a 0.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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, July 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.77, for a total value of $472,620.00.
• On Thursday, July 2nd, Anthony Mathew Eisen sold 36,000 shares of Block stock. The stock was sold at an average price of $79.83, for a total value of $2,873,880.00.
• On Wednesday, July 1st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.40, for a total value of $458,400.00.
• On Monday, June 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.93, for a total transaction of $473,580.00.
• On Friday, June 26th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.80, for a total transaction of $448,800.00.
• On Wednesday, June 24th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.01, for a total transaction of $444,060.00.
• On Monday, June 22nd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.28, for a total transaction of $445,680.00.
• On Wednesday, June 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.10, for a total transaction of $444,600.00.
• On Monday, June 15th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $72.26, for a total transaction of $433,560.00.
• On Friday, June 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $69.78, for a total transaction of $418,680.00.

Block Trading Down 1.3%

Shares of XYZ traded down $1.03 during mid-day trading on Wednesday, reaching $76.53. The company had a trading volume of 4,931,653 shares, compared to its average volume of 7,129,901. The stock has a market cap of $45.55 billion, a price-to-earnings ratio of 59.79, a price-to-earnings-growth ratio of 1.00 and a beta of 2.54. The firm has a fifty day simple moving average of $72.46 and a 200-day simple moving average of $65.86. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $82.50. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.55. The company had revenue of $6.06 billion during the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, sell-side analysts anticipate that Block, Inc. will post 2.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Block

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XYZ. Ameriprise Financial Inc. acquired a new stake in shares of Block during the second quarter valued at about $535,305,000. Norges Bank purchased a new position in Block in the fourth quarter valued at about $484,387,000. Capital World Investors boosted its holdings in Block by 192.7% in the third quarter. Capital World Investors now owns 11,296,224 shares of the technology company’s stock valued at $816,378,000 after purchasing an additional 7,436,380 shares during the last quarter. Viking Global Investors LP acquired a new stake in Block during the 2nd quarter valued at approximately $368,213,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings 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 purchasing an additional 2,782,523 shares during the last quarter. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Wall Street Analysts Forecast Growth

XYZ has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of Block from $96.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Royal Bank Of Canada increased their price objective on shares of Block from $90.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Piper Sandler upgraded shares of Block from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $58.00 to $100.00 in a report on Monday, June 29th. Barclays initiated coverage on Block in a report on Tuesday. They issued an “overweight” rating and a $100.00 price target for the company. Finally, Jefferies Financial Group began coverage on Block in a research note on Tuesday, June 30th. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.91.

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.