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

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of Block stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $78.58, for a total transaction of $471,480.00. Following the completion of the sale, the director owned 1,254,672 shares in the company, valued at $98,592,125.76. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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, 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 shares were 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 stock was 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 stock was 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 stock was 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 value of $445,440.00.
• On Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.61, for a total transaction of $453,660.00.
• On Wednesday, September 30th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.33, for a total value of $445,980.00.
• 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 transaction 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.

Block Price Performance

Block stock traded down $0.41 during trading hours on Monday, reaching $77.48. 3,612,157 shares of the stock were exchanged, compared to its average volume of 6,188,326. The stock has a 50 day moving average of $78.77 and a two-hundred day moving average of $75.00. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.92. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The company has a market cap of $46.55 billion, a P/E ratio of 138.35, a price-to-earnings-growth ratio of 0.81 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, topping analysts’ consensus estimates of $0.48 by $0.54. The company had revenue of $6.62 billion during the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%. Block’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm 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. Equities analysts expect that Block, Inc. will post 2.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on XYZ shares. Robert W. Baird boosted their target price on shares of Block from $105.00 to $106.00 and gave the company an “outperform” rating in a research note on Friday, October 2nd. UBS Group set a $96.00 target price on shares of Block in a research report on Thursday. Craig Hallum assumed coverage on Block in a research note on Tuesday, June 30th. They issued a “buy” rating on the stock. Weiss Ratings raised shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Finally, Argus upped their target price on shares of Block from $86.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.39.

Institutional Investors Weigh In On Block

A number of hedge funds have recently made changes to their positions in the company. Elevation Wealth Partners LLC lifted its position in Block by 301.0% during the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after purchasing an additional 292 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in Block in the first quarter worth $31,000. Ancora Advisors LLC bought a new stake in Block during the 2nd quarter valued at about $53,000. Reflection Asset Management bought a new position in Block in the fourth quarter worth approximately $50,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Block by 1,033.3% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 918 shares of the technology company’s stock valued at $55,000 after buying an additional 837 shares during the period. 70.44% of the stock is currently owned by hedge funds and other institutional investors.

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.