Block (NYSE:XYZ) Director Anthony Mathew Eisen Sells 36,000 Shares of Stock

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 36,000 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $79.83, for a total value of $2,873,880.00. Following the transaction, the director directly owned 1,874,672 shares in the company, valued at $149,655,065.76. This trade represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 Wednesday, July 1st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.40, for a total value of $458,400.00.
• On Monday, June 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.93, for a total transaction of $473,580.00.
• 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 stock was 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 transaction of $445,680.00.
• On Wednesday, June 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.10, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction of $409,320.00.

Block Stock Performance

Block stock opened at $78.71 on Friday. 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 firm has a 50-day moving average of $72.04 and a 200-day moving average of $65.56. The firm has a market cap of $46.85 billion, a P/E ratio of 61.50, a P/E/G ratio of 0.98 and a beta of 2.54. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $82.50.

Block (NYSE:XYZ) last posted its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The company had revenue of $6.06 billion for the quarter. During the same period in the previous year, the business earned $0.56 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Sell-side analysts expect that Block, Inc. will post 2.48 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on XYZ shares. BTIG Research reissued a “buy” rating and set a $90.00 target price on shares of Block in a research note on Friday, May 8th. Bank of America cut their price target on shares of Block from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Cantor Fitzgerald boosted their price objective on shares of Block from $78.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Zacks Research raised shares of Block from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 10th. Finally, Citigroup lowered shares of Block from a “buy” rating to an “underperform” rating in a report on Tuesday. Four investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Block currently has a consensus rating of “Moderate Buy” and an average target price of $87.56.

Institutional Investors Weigh In On Block

Several hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its holdings in shares of Block by 10.1% during the second quarter. Versant Capital Management Inc now owns 6,703 shares of the technology company’s stock valued at $509,000 after acquiring an additional 614 shares in the last quarter. CX Institutional boosted its stake in Block by 69.2% in the 2nd quarter. CX Institutional now owns 7,504 shares of the technology company’s stock worth $570,000 after purchasing an additional 3,069 shares in the last quarter. Parallel Advisors LLC boosted its stake in Block by 49.6% in the 1st quarter. Parallel Advisors LLC now owns 10,978 shares of the technology company’s stock worth $661,000 after purchasing an additional 3,638 shares in the last quarter. Wellington Grp LLC grew its position in Block by 43.0% during the 1st quarter. Wellington Grp LLC now owns 6,632 shares of the technology company’s stock valued at $399,000 after purchasing an additional 1,993 shares during the last quarter. Finally, Arete Wealth Advisors LLC grew its position in Block by 159.0% during 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 last quarter. 70.44% of the stock is owned by institutional investors.

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.