Insider Selling: Block (NYSE:XYZ) Director Sells $461,820.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $76.97, for a total value of $461,820.00. Following the completion of the sale, the director directly owned 1,284,672 shares of the company’s stock, valued at approximately $98,881,203.84. The trade was a 0.46% decrease in their position. The transaction was disclosed in a legal filing 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 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.70, for a total transaction of $454,200.00.
• On Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.75, for a total transaction of $454,500.00.
• On Wednesday, October 7th, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 shares were 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 shares were 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 transaction 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 transaction 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.

Block Stock Performance

Shares of XYZ traded down $1.02 during mid-day trading on Wednesday, reaching $75.84. The company’s stock had a trading volume of 5,194,236 shares, compared to its average volume of 6,211,134. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92. The stock has a market cap of $45.57 billion, a P/E ratio of 135.43, a PEG ratio of 0.80 and a beta of 2.55. The business has a 50-day simple moving average of $78.95 and a two-hundred day simple moving average of $74.57. 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. The business had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous 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. As a group, equities research analysts anticipate that Block, Inc. will post 2.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in XYZ. Elevation Wealth Partners LLC increased its stake in Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after purchasing an additional 292 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Block in the 1st quarter valued at about $31,000. Osbon Capital Management LLC acquired a new stake in shares of Block in the 4th quarter valued at about $43,000. Meeder Asset Management Inc. acquired a new stake in shares of Block in the 2nd quarter valued at about $46,000. Finally, Reflection Asset Management bought a new stake in Block in the 4th quarter valued at about $50,000. 70.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XYZ has been the topic of several research reports. Weiss Ratings upgraded shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. William Blair lowered shares of Block to a “market perform” rating in a research report on Tuesday, June 30th. Cantor Fitzgerald restated an “overweight” rating and set a $95.00 target price on shares of Block in a research note on Friday, September 25th. BMO Capital Markets lifted their target price on shares of Block from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Finally, Oppenheimer reiterated an “outperform” rating and issued a $97.00 price target on shares of Block in a research note on Thursday, August 6th. Four equities research 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $95.45.

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.