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

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the firm’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $77.84, for a total value of $467,040.00. Following the completion of the transaction, the director owned 1,230,672 shares of the company’s stock, valued at approximately $95,795,508.48. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, October 26th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.76, for a total value of $454,560.00.
• On Wednesday, October 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 stock was 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 stock was sold at an average price of $80.43, for a total transaction 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 transaction 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 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 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.

Block Stock Performance

Shares of Block stock traded up $0.38 during trading on Tuesday, hitting $74.93. 4,800,895 shares of the company’s stock were exchanged, compared to its average volume of 6,133,292. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The business has a 50-day simple moving average of $78.51 and a 200-day simple moving average of $70.95. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $86.92. The stock has a market capitalization of $45.02 billion, a price-to-earnings ratio of 133.81, a PEG ratio of 0.80 and a beta of 2.55.

Block (NYSE:XYZ) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.48 by $0.54. The company had revenue of $6.62 billion for the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. Block’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company 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. On average, research analysts forecast that Block, Inc. will post 2.75 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on XYZ shares. Argus upped their target price on Block from $86.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Cantor Fitzgerald reiterated an “overweight” rating and set a $95.00 price target on shares of Block in a research report on Friday, September 25th. Canaccord Genuity Group boosted their price target on Block from $85.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Scotiabank initiated coverage on Block in a research report on Wednesday, September 2nd. They issued a “sector perform” rating and a $82.00 price objective on the stock. Finally, Monness Crespi & Hardt upped their price objective on Block from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Three research 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. According to MarketBeat, Block presently has a consensus rating of “Moderate Buy” and an average price target of $95.61.

Institutional Trading of Block

Several institutional investors have recently bought and sold shares of XYZ. NovaPoint Capital LLC grew its position in shares of Block by 3.9% in the third quarter. NovaPoint Capital LLC now owns 3,630 shares of the technology company’s stock valued at $267,000 after purchasing an additional 137 shares during the period. Raiffeisen Bank International AG raised its position in shares of Block by 0.3% during the 2nd 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 last quarter. Ashton Thomas Securities LLC raised its position in shares of Block by 2.8% during the 3rd quarter. Ashton Thomas Securities LLC now owns 5,885 shares of the technology company’s stock worth $433,000 after purchasing an additional 160 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Block by 1.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,888 shares of the technology company’s stock valued at $874,000 after buying an additional 175 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its stake in Block by 3.3% in the 2nd 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 in the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.

About Block

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.