Block (NYSE:XYZ) Director Anthony Mathew Eisen Sells 35,000 Shares of Company Stock

Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Eisen sold 35,000 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $87.50, for a total value of $3,062,500.00. Following the completion of the sale, the director owned 1,177,672 shares of the company’s stock, valued at $103,046,300. This trade represents a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 Wednesday, October 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.44, for a total transaction of $446,640.00.
  • On Monday, October 26th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.76, for a total value of $454,560.00.
  • On Friday, October 23rd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.84, for a total value of $467,040.00.
  • On Wednesday, October 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.07, for a total value of $474,420.00.
  • On Monday, October 19th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.58, for a total transaction of $471,480.00.
  • On Friday, October 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.43, for a total value of $482,580.00.
  • 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 value of $454,200.00.
  • On Monday, October 12th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.97, for a total transaction of $461,820.00.
  • On Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.75, for a total value 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.

Block Trading Up 1.8%

XYZ opened at $85.58 on Friday. The firm has a market capitalization of $51.42 billion, a price-to-earnings ratio of 115.65, a PEG ratio of 0.81 and a beta of 2.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The business has a 50 day simple moving average of $77.92 and a two-hundred day simple moving average of $71.50. Block, Inc. has a one year low of $48.21 and a one year high of $88.51.

Block (NYSE:XYZ – Get Free Report) last announced its earnings results on Tuesday, November 3rd. The technology company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.45. Block had a net margin of 1.43% and a return on equity of 8.10%. The business had revenue of $6.72 billion for the quarter. During the same period in the prior year, the company posted $0.54 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. Analysts predict that Block, Inc. will post 2.75 EPS for the current year.

Key Block News

Here are the key news stories impacting Block this week:

  • Positive Sentiment: Several firms raised price targets, reinforcing expectations for further gains. UBS lifted its target to $105, Raymond James to $100 while maintaining an “outperform” rating, and BMO to $102 with a “market perform” rating. Wells Fargo raised its target to $110 and Barclays to $105, both with “overweight” ratings; Argus raised its target to $105 and maintained “buy.” UBS rating Raymond James rating BMO target update Wells Fargo rating Barclays rating Argus rating
  • Positive Sentiment: Block reported better-than-expected earnings, with quarterly EPS of $1.13 versus the $0.68 consensus and revenue growth of 9.9% year over year. Shares subsequently reached a 52-week high, and traders bought a large volume of call options—signals of favorable investor expectations. Earnings and 52-week high Call options activity
  • Neutral Sentiment: Rothschild & Co Redburn raised its target from $75 to $85 but kept a “neutral” rating, putting its estimate close to the recent share price. Redburn target update
  • Negative Sentiment: Block reportedly made another round of job cuts this year, affecting employees in its Cash App businesses. The reductions may raise concerns about execution or operating pressures despite the recent earnings beat. Report on Block job cuts

Institutional Trading of Block

Several hedge funds and other institutional investors have recently bought and sold shares of XYZ. Elevation Wealth Partners LLC grew its position in shares of Block by 301.0% during 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 Block in the first quarter valued at approximately $31,000. Meeder Asset Management Inc. acquired a new stake in shares of Block in the second quarter valued at $46,000. University of Texas Texas AM Investment Management Co. bought a new stake in Block during the third quarter valued at about $48,000. Finally, Ancora Advisors LLC bought a new stake in shares of Block during the second quarter worth approximately $53,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on XYZ. Zacks Research downgraded Block from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. President Capital boosted their price target on shares of Block from $86.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, September 9th. JPMorgan Chase & Co. increased their price objective on shares of Block from $100.00 to $110.00 in a research note on Thursday, August 6th. Oppenheimer reiterated an “outperform” rating and set a $97.00 price objective (up from $85.00) on shares of Block in a research note on Thursday, August 6th. Finally, KeyCorp upped their target price on shares of Block from $105.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $98.36.

Get Our Latest Analysis on XYZ

Block Company Profile

(Get Free Report)

Block, Inc is a financial technology company that provides payment and commerce tools to businesses and financial services for consumers. Its products include Square, a platform offering payment processing, point-of-sale software and related business services, and Cash App, which provides person-to-person payments and other financial features.

The company also owns Afterpay, a buy-now, pay-later service, and TIDAL, a music and entertainment platform. Block serves businesses and consumers in the United States and other markets, with product availability varying by country.

Founded in 2009 as Square by Jack Dorsey and Jim McKelvey, the company adopted the name Block in 2021.

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Insider Buying and Selling by Quarter for Block (NYSE:XYZ)

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