Block (NYSE:XYZ) Director Sells $445,980.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the company’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $74.33, for a total transaction of $445,980.00. Following the completion of the sale, the director owned 1,332,672 shares of the company’s stock, valued at $99,057,509.76. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 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 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 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 stock was sold at an average price of $78.36, for a total value 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 value 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 value of $493,080.00.
• On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.51, for a total transaction of $495,060.00.

Block Stock Up 0.4%

Shares of XYZ opened at $74.33 on Friday. The company has a 50-day simple moving average of $79.79 and a 200-day simple moving average of $73.64. The firm has a market capitalization of $44.65 billion, a P/E ratio of 132.72, a P/E/G ratio of 0.78 and a beta of 2.55. 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 52 week low of $48.21 and a 52 week high of $86.92.

Block (NYSE:XYZ) last announced its quarterly earnings data 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 company 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 company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 EPS. 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 expect that Block, Inc. will post 2.74 earnings per share for the current year.

Wall Street Analyst Weigh In

XYZ has been the subject of several recent research reports. Craig Hallum initiated coverage on shares of Block in a research report on Tuesday, June 30th. They issued a “buy” rating for the company. Wolfe Research lifted their price objective on Block from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Robert W. Baird upped their price objective on Block from $105.00 to $106.00 and gave the company an “outperform” rating in a research note on Friday. Monness Crespi & Hardt increased their target price on Block from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, KeyCorp raised their target price on Block from $105.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $95.45.

Hedge Funds Weigh In On Block

Several institutional investors have recently bought and sold shares of XYZ. Capital World Investors increased its stake in shares of 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 in the last quarter. BlackRock Inc. acquired a new position in Block during the 2nd quarter worth about $621,703,000. Contour Asset Management LLC lifted its position in Block by 30.4% during the 4th quarter. Contour Asset Management LLC now owns 4,666,891 shares of the technology company’s stock worth $303,768,000 after buying an additional 1,088,299 shares in the last quarter. Hyperion Asset Management Ltd grew its holdings in Block by 6.9% during the 2nd quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company’s stock worth $203,897,000 after acquiring an additional 172,848 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Block by 528.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock worth $199,153,000 after acquiring an additional 2,782,523 shares during the last quarter. 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.