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

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $82.18, for a total transaction of $493,080.00. Following the sale, the director directly owned 1,428,672 shares in the company, valued at $117,408,264.96. The trade was a 0.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Thursday, September 10th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.39, for a total transaction of $470,340.00.
• On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.51, for a total value of $495,060.00.
• On Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.30, for a total value of $463,800.00.
• On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.58, for a total transaction of $495,480.00.
• On Friday, August 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $85.12, for a total transaction of $510,720.00.
• On Wednesday, August 26th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.00, for a total transaction of $492,000.00.
• On Monday, August 24th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.48, for a total transaction of $488,880.00.
• On Friday, August 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.04, for a total value of $480,240.00.
• On Wednesday, August 19th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.55, for a total value of $477,300.00.
• On Monday, August 17th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.63, for a total value of $489,780.00.

Block Stock Down 0.5%

Block stock opened at $79.03 on Friday. The firm has a market cap of $47.48 billion, a price-to-earnings ratio of 141.12, a PEG ratio of 0.84 and a beta of 2.52. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $86.92. The stock has a fifty day simple moving average of $80.58 and a two-hundred day simple moving average of $72.01.

Block (NYSE:XYZ) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The company had revenue of $6.62 billion during the quarter. During the same quarter in the previous year, the business posted $0.62 earnings per share. Block’s quarterly revenue was up 9.3% compared to the same quarter last year. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Equities analysts predict that Block, Inc. will post 2.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Block

A number of large investors have recently made changes to their positions in XYZ. California State Teachers Retirement System boosted its stake in shares of Block by 6,740.0% during the 2nd quarter. California State Teachers Retirement System now owns 54,852,088 shares of the technology company’s stock worth $4,168,759,000 after acquiring an additional 54,050,161 shares during the last quarter. BlackRock Inc. bought a new position in Block in the 2nd quarter worth $621,703,000. Ameriprise Financial Inc. purchased a new position in Block during the second quarter valued at $535,305,000. Norges Bank purchased a new position in Block during the fourth quarter valued at $484,387,000. Finally, Viking Global Investors LP purchased a new stake in Block in the second quarter worth about $368,213,000. 70.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on XYZ shares. Zacks Research lowered shares of Block from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. The Goldman Sachs Group upgraded shares of Block from a “buy” rating to a “buy” rating in a report on Tuesday, June 30th. Benchmark raised shares of Block to a “strong-buy” rating in a research report on Thursday. Finally, Susquehanna lifted their target price on shares of Block from $90.00 to $100.00 and gave the stock a “positive” rating in a research report on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Block has an average rating of “Moderate Buy” and a consensus price target of $95.42.

Block Company Profile

Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.

Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.

Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.