Block (NYSE:XYZ) Director Sells $451,200.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the firm’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $75.20, for a total value of $451,200.00. Following the completion of the transaction, the director owned 1,344,672 shares of the company’s stock, valued at approximately $101,119,334.40. This represents a 0.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Friday, September 25th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.90, for a total value of $461,400.00.
• On Wednesday, September 23rd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.67, for a total transaction of $460,020.00.
• On Monday, September 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $77.54, for a total transaction of $465,240.00.
• On Friday, September 18th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.55, for a total transaction of $459,300.00.
• On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.36, for a total transaction of $470,160.00.
• On Monday, September 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.96, for a total transaction of $473,760.00.
• On Thursday, September 10th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.39, for a total transaction of $470,340.00.
• 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 value 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.

Block Price Performance

Shares of NYSE:XYZ opened at $73.69 on Thursday. Block, Inc. has a one year low of $48.21 and a one year high of $86.92. The company’s fifty day moving average price is $79.90 and its 200-day moving average price is $73.54. The firm has a market capitalization of $44.27 billion, a price-to-earnings ratio of 131.59, a PEG ratio of 0.77 and a beta of 2.52. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21.

Block (NYSE:XYZ) last released its earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The business had revenue of $6.62 billion for the quarter. During the same period in the prior year, the company earned $0.62 EPS. The firm’s 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, equities research analysts anticipate that Block, Inc. will post 2.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on XYZ shares. Wolfe Research boosted their target price on Block from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Benchmark raised shares of Block to a “strong-buy” rating in a research note on Thursday, September 10th. Barclays began coverage on shares of Block in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 price objective for the company. Weiss Ratings upgraded shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Finally, BTIG Research reissued a “buy” rating and issued a $100.00 price target on shares of Block in a research note on Friday, September 25th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Block has an average rating of “Moderate Buy” and a consensus price target of $95.42.

Institutional Investors Weigh In On Block

Several institutional investors have recently added to or reduced their stakes in the company. Raiffeisen Bank International AG boosted its holdings in shares of Block by 0.3% during the second quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company’s stock worth $3,503,000 after purchasing an additional 148 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Block by 33.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company’s stock worth $46,000 after buying an additional 179 shares during the period. Avior Wealth Management LLC increased its stake in shares of Block by 3.3% during the second quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company’s stock valued at $462,000 after buying an additional 193 shares during the period. Carson Advisory Inc. lifted its stake in Block by 2.6% in the first quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company’s stock worth $484,000 after acquiring an additional 200 shares during the period. Finally, Ellevest Inc. boosted its holdings in Block by 4.9% in the fourth quarter. Ellevest Inc. now owns 5,288 shares of the technology company’s stock valued at $344,000 after acquiring an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 70.44% of the company’s stock.

About Block

Block, Inc (NYSE:XYZ), formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.

Block’s Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.