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

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of Block stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $75.75, for a total transaction of $454,500.00. Following the transaction, the director directly owned 1,290,672 shares of the company’s stock, valued at approximately $97,768,404. This represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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, October 7th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.35, for a total transaction of $452,100.00.
• On Monday, October 5th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.24, for a total transaction of $445,440.00.
• On Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.61, for a total transaction of $453,660.00.
• On Wednesday, September 30th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.33, for a total value of $445,980.00.
• On Monday, September 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.20, for a total value of $451,200.00.
• On Friday, September 25th, Anthony Eisen sold 6,000 shares of Block stock. The stock was 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 value of $460,020.00.
• On Monday, September 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.54, for a total value 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 value of $459,300.00.
• On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.36, for a total value of $470,160.00.

Block Stock Performance

XYZ stock opened at $77.34 on Friday. 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’s fifty day simple moving average is $79.21 and its two-hundred day simple moving average is $74.24. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.92. The firm has a market cap of $46.46 billion, a price-to-earnings ratio of 138.11, a PEG ratio of 0.79 and a beta of 2.55.

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 analysts’ consensus estimates of $0.48 by $0.54. The firm had revenue of $6.62 billion during the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 earnings per share. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Analysts predict that Block, Inc. will post 2.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Susquehanna upped their target price on shares of Block from $90.00 to $100.00 and gave the stock a “positive” rating in a research note on Thursday, August 6th. Robert W. Baird lifted their price target on shares of Block from $105.00 to $106.00 and gave the company an “outperform” rating in a research note on Friday, October 2nd. Argus boosted their price target on Block from $86.00 to $103.00 and gave the company a “buy” rating in a report on Friday, August 7th. Morgan Stanley reissued an “overweight” rating on shares of Block in a research note on Wednesday, August 5th. Finally, William Blair downgraded Block to a “market perform” rating in a report on Tuesday, June 30th. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $95.45.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in XYZ. Raiffeisen Bank International AG lifted its position in Block by 0.3% during the second quarter. Raiffeisen Bank International AG now owns 44,901 shares of the technology company’s stock valued at $3,503,000 after acquiring an additional 148 shares during the last quarter. Avior Wealth Management LLC increased its position 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 worth $462,000 after purchasing an additional 193 shares in the last quarter. Carson Advisory Inc. lifted its holdings in shares of Block by 2.6% during the 1st quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company’s stock valued at $484,000 after purchasing an additional 200 shares during the last quarter. Icon Wealth Advisors LLC lifted its holdings in shares of Block by 5.9% during the 4th quarter. Icon Wealth Advisors LLC now owns 4,609 shares of the technology company’s stock valued at $300,000 after purchasing an additional 255 shares during the last quarter. Finally, World Investment Advisors boosted its position in shares of Block by 8.1% in the 1st quarter. World Investment Advisors now owns 3,825 shares of the technology company’s stock worth $230,000 after purchasing an additional 287 shares in the last quarter. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Block Company Profile

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.