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

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $80.04, for a total transaction of $480,240.00. Following the sale, the director owned 1,494,672 shares in the company, valued at $119,633,546.88. This represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 Monday, August 24th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.48, for a total transaction of $488,880.00.
• 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 value of $477,300.00.
• On Monday, August 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was 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 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 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 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 shares were 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 shares were sold at an average price of $82.27, for a total value of $493,620.00.

Block Stock Down 1.0%

Shares of XYZ opened at $81.38 on Tuesday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average of $78.89 and a 200 day moving average of $69.40. The company has a market cap of $48.89 billion, a PE ratio of 145.31, a P/E/G ratio of 0.92 and a beta of 2.53. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $86.75.

Block (NYSE:XYZ) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating 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 quarter last year, the firm earned $0.62 EPS. The company’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, sell-side analysts expect that Block, Inc. will post 2.69 EPS for the current year.

Institutional Investors Weigh In On Block

A number of hedge funds have recently made changes to their positions in XYZ. California State Teachers Retirement System boosted its position in Block by 6,740.0% during the second 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 purchasing an additional 54,050,161 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Block during the second quarter valued at about $621,703,000. Capital World Investors boosted its holdings in shares of Block by 41.8% in the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock valued at $1,042,966,000 after buying an additional 4,727,217 shares in 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 valued at $934,121,000 after buying an additional 67,560 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in shares of Block in the 2nd quarter worth approximately $535,305,000. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on XYZ shares. Canaccord Genuity Group increased their price objective on shares of Block from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Weiss Ratings upgraded Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. BTIG Research upped their target price on Block from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Clear Str upgraded Block to a “hold” rating in a report on Thursday, July 16th. Finally, Citigroup raised their price target on Block from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $95.23.

Block Company Profile

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.