Insider Selling: Block (NYSE:XYZ) Director Sells 6,000 Shares of Stock

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $78.93, for a total transaction of $473,580.00. Following the completion of the transaction, the director directly owned 1,922,672 shares in the company, valued at approximately $151,756,500.96. The trade was a 0.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 Friday, June 26th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.80, for a total transaction of $448,800.00.
• On Wednesday, June 24th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.01, for a total transaction of $444,060.00.
• On Monday, June 22nd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.28, for a total value of $445,680.00.
• On Wednesday, June 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.10, for a total value of $444,600.00.
• On Monday, June 15th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $72.26, for a total value of $433,560.00.
• On Friday, June 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $69.78, for a total value of $418,680.00.
• On Wednesday, June 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $66.64, for a total value of $399,840.00.
• On Monday, June 8th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $68.22, for a total value of $409,320.00.
• On Thursday, June 4th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $70.84, for a total value of $425,040.00.
• On Monday, June 1st, Anthony Mathew Eisen sold 135,750 shares of Block stock. The stock was sold at an average price of $76.81, for a total value of $10,426,957.50.

Block Trading Down 0.0%

Shares of XYZ stock traded down $0.01 on Monday, reaching $77.81. The company had a trading volume of 7,048,786 shares, compared to its average volume of 7,216,521. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. The stock has a market cap of $46.31 billion, a PE ratio of 60.79, a PEG ratio of 0.99 and a beta of 2.56. The company has a 50-day moving average of $71.56 and a 200-day moving average of $65.16. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $82.50.

Block (NYSE:XYZ) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.55. The business had revenue of $6.06 billion for the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 EPS. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, equities analysts forecast that Block, Inc. will post 2.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Morgan Stanley lifted their price target on shares of Block from $96.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Block in a research note on Friday, May 8th. Piper Sandler upgraded Block from an “underweight” rating to an “overweight” rating and set a $100.00 target price on the stock in a report on Monday. Canaccord Genuity Group boosted their target price on Block from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, Cantor Fitzgerald increased their price target on Block from $78.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.70.

Institutional Investors Weigh In On Block

Several large investors have recently made changes to their positions in the stock. Parallel Advisors LLC lifted its position in Block by 49.6% in the 1st quarter. Parallel Advisors LLC now owns 10,978 shares of the technology company’s stock valued at $661,000 after acquiring an additional 3,638 shares in the last quarter. Wellington Grp LLC increased its holdings in Block by 43.0% during the 1st quarter. Wellington Grp LLC now owns 6,632 shares of the technology company’s stock worth $399,000 after purchasing an additional 1,993 shares in the last quarter. Arete Wealth Advisors LLC raised its stake in shares of Block by 159.0% in the 1st quarter. Arete Wealth Advisors LLC now owns 10,521 shares of the technology company’s stock valued at $633,000 after purchasing an additional 6,459 shares during the period. Centaurus Financial Inc. raised its stake in shares of Block by 15.8% in the 1st quarter. Centaurus Financial Inc. now owns 11,437 shares of the technology company’s stock valued at $688,000 after purchasing an additional 1,559 shares during the period. Finally, Ashton Thomas Securities LLC lifted its holdings in shares of Block by 7.9% in the first quarter. Ashton Thomas Securities LLC now owns 5,101 shares of the technology company’s stock valued at $307,000 after purchasing an additional 373 shares in the last quarter. Institutional investors own 70.44% of the company’s stock.

About Block

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.