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

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the company’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $77.84, for a total value of $467,040.00. Following the sale, the director owned 1,230,672 shares of the company’s stock, valued at $95,795,508.48. This trade represents a 0.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 Monday, October 26th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.76, for a total value of $454,560.00.
• On Wednesday, October 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.07, for a total value of $474,420.00.
• 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 stock was sold at an average price of $74.24, for a total transaction of $445,440.00.
• On Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.61, for a total transaction of $453,660.00.

Block Trading Up 0.4%

NYSE:XYZ opened at $75.14 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a market cap of $45.14 billion, a price-to-earnings ratio of 134.18, a price-to-earnings-growth ratio of 0.80 and a beta of 2.55. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.92. The firm has a 50-day moving average price of $78.15 and a two-hundred day moving average price of $71.02.

Block (NYSE:XYZ) last posted its earnings results 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 net margin of 1.43% and a return on equity of 8.10%. The firm had revenue of $6.62 billion for the quarter. During the same period in the prior year, the business earned $0.62 EPS. 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. On average, equities analysts expect that Block, Inc. will post 2.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. State of Wyoming lifted its holdings in Block by 166.6% during the third quarter. State of Wyoming now owns 5,122 shares of the technology company’s stock valued at $377,000 after purchasing an additional 3,201 shares during the last quarter. Partners Wealth Management LLC bought a new position in Block during the third quarter worth about $536,000. Soltis Investment Advisors LLC boosted its position in Block by 4.7% during the third quarter. Soltis Investment Advisors LLC now owns 4,787 shares of the technology company’s stock worth $352,000 after purchasing an additional 216 shares during the period. Choreo LLC increased its stake in shares of Block by 19.9% in the third quarter. Choreo LLC now owns 10,102 shares of the technology company’s stock worth $743,000 after purchasing an additional 1,674 shares in the last quarter. Finally, Interchange Capital Partners LLC increased its stake in shares of Block by 27.4% in the third quarter. Interchange Capital Partners LLC now owns 4,952 shares of the technology company’s stock worth $364,000 after purchasing an additional 1,065 shares in the last quarter. 70.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wolfe Research lifted their price target on Block from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. UBS Group set a $96.00 price objective on Block in a research report on Thursday, October 15th. Needham & Company LLC upped their price objective on Block from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Susquehanna raised their target price on Block from $90.00 to $100.00 and gave the company a “positive” rating in a research report on Thursday, August 6th. Finally, Clear Str raised Block to a “hold” rating in a research report on Thursday, July 16th. Three 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’s stock. According to data from MarketBeat.com, Block currently has an average rating of “Moderate Buy” and an average target price of $95.61.

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.