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

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $78.39, for a total transaction of $470,340.00. Following the completion of the sale, the director owned 1,416,672 shares of the company’s stock, valued at $111,052,918.08. This trade represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 Tuesday, September 8th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.18, for a total transaction of $493,080.00.
• On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.51, for a total transaction of $495,060.00.
• On Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $77.30, for a total transaction of $463,800.00.
• On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.58, for a total transaction of $495,480.00.
• On Friday, August 28th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $85.12, for a total transaction of $510,720.00.
• On Wednesday, August 26th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.00, for a total transaction of $492,000.00.
• On Monday, August 24th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.48, for a total value of $488,880.00.
• On Friday, August 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.04, for a total value of $480,240.00.
• On Wednesday, August 19th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.55, for a total value of $477,300.00.
• On Monday, August 17th, Anthony 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.

Block Stock Performance

NYSE XYZ opened at $79.03 on Friday. The stock’s fifty day moving average is $80.58 and its two-hundred day moving average is $72.01. The firm has a market capitalization of $47.48 billion, a P/E ratio of 141.12, a price-to-earnings-growth ratio of 0.84 and a beta of 2.52. 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 fifty-two week low of $48.21 and a fifty-two week high of $86.92.

Block (NYSE:XYZ) last issued its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter. During the same quarter in the previous year, the company earned $0.62 earnings per share. The firm’s quarterly revenue 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. On average, research analysts anticipate that Block, Inc. will post 2.72 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on XYZ. Wolfe Research upped their price objective on shares of Block from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Weiss Ratings raised shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. BMO Capital Markets boosted their target price on shares of Block from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. William Blair cut shares of Block to a “market perform” rating in a research note on Tuesday, June 30th. Finally, Robert W. Baird set a $105.00 price target on shares of Block in a research note on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $95.42.

Hedge Funds Weigh In On Block

Hedge funds have recently modified their holdings of the business. California State Teachers Retirement System increased 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 worth $4,168,759,000 after purchasing an additional 54,050,161 shares during the last quarter. BlackRock Inc. acquired a new position in Block in the second quarter valued at about $621,703,000. Capital World Investors lifted its position in Block by 41.8% in 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 buying an additional 4,727,217 shares during the last quarter. Geode Capital Management LLC boosted its stake in Block by 0.5% during 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 period. Finally, Ameriprise Financial Inc. purchased a new position in Block during the second quarter worth about $535,305,000. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

Block Company Profile

Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.

Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.

Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.