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 Wednesday, October 21st. The shares were sold at an average price of $79.07, for a total value of $474,420.00. Following the completion of the transaction, the director directly owned 1,242,672 shares of the company’s stock, valued at approximately $98,258,075.04. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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 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 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 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 shares were 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 value of $453,660.00.
• On Wednesday, September 30th, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 stock was sold at an average price of $75.20, for a total value of $451,200.00.

Block Stock Up 1.0%

Shares of NYSE XYZ opened at $78.98 on Friday. The company has a market cap of $47.45 billion, a price-to-earnings ratio of 141.03, a PEG ratio of 0.81 and a beta of 2.55. 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 50-day moving average price of $78.63 and a two-hundred day moving average price of $75.52.

Block (NYSE:XYZ) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business 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. As a group, analysts forecast that Block, Inc. will post 2.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Block

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Block in the second quarter valued at about $621,703,000. Arrowstreet Capital Limited Partnership boosted its holdings in Block by 528.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock worth $199,153,000 after purchasing an additional 2,782,523 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Block by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company’s stock worth $189,353,000 after purchasing an additional 39,112 shares during the last quarter. Hyperion Asset Management Ltd boosted its holdings in Block by 6.9% during the second quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company’s stock worth $203,897,000 after purchasing an additional 172,848 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Block by 1.0% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,624,534 shares of the technology company’s stock worth $157,944,000 after purchasing an additional 25,067 shares in the last quarter. 70.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on XYZ shares. Piper Sandler raised their target price on shares of Block from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. BTIG Research reiterated a “buy” rating and set a $100.00 price target on shares of Block in a report on Friday, September 25th. Keefe, Bruyette & Woods upped their price target on shares of Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Zacks Research cut Block from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings raised Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $96.06.

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.