Block (NYSE:XYZ) Director Sells $497,220.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $82.87, for a total transaction of $497,220.00. Following the sale, the director directly owned 1,524,672 shares in the company, valued at $126,349,568.64. The trade was a 0.39% 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 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 value of $471,720.00.
• On Monday, August 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.47, for a total value 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.
• 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 value of $473,280.00.
• On Monday, July 20th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.90, for a total value of $473,400.00.
• On Friday, July 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.13, for a total transaction of $474,780.00.

Block Price Performance

Shares of XYZ stock traded down $0.36 during trading hours on Friday, reaching $82.73. The stock had a trading volume of 4,281,346 shares, compared to its average volume of 6,759,068. The stock’s fifty day simple moving average is $77.28 and its 200 day simple moving average is $68.47. The firm has a market capitalization of $49.24 billion, a PE ratio of 147.73, a PEG ratio of 0.94 and a beta of 2.53. 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 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 net margin of 1.43% and a return on equity of 8.10%. The business had revenue of $6.62 billion for the quarter. During the same period last year, the company posted $0.62 EPS. The business’s revenue 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, equities research analysts predict that Block, Inc. will post 2.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Needham & Company LLC increased their price objective on Block from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Rosenblatt Securities set a $100.00 target price on Block in a research report on Tuesday, June 30th. TD Cowen upped their target price on Block from $101.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Robert W. Baird set a $105.00 price target on Block in a report on Thursday, August 6th. Finally, UBS Group lifted their price target on Block from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $95.23.

Institutional Trading of Block

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Block in the second quarter valued at $621,703,000. Capital World Investors lifted its stake in Block by 41.8% during the fourth quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock worth $1,042,966,000 after purchasing an additional 4,727,217 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Block by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock worth $934,121,000 after purchasing an additional 67,560 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Block in the 2nd quarter worth about $535,305,000. Finally, Norges Bank bought a new position in shares of Block during the 4th quarter valued at about $484,387,000. 70.44% of the stock is owned by 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.