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

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $78.62, for a total value of $471,720.00. Following the completion of the transaction, the director directly owned 1,536,672 shares of the company’s stock, valued at $120,813,152.64. The trade was a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Friday, August 14th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.87, for a total value of $497,220.00.
• On Monday, August 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.47, for a total value of $470,820.00.
• On Thursday, August 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $83.07, for a total value of $498,420.00.
• On Wednesday, August 5th, Anthony Mathew Eisen sold 41,000 shares of Block stock. The shares were sold at an average price of $85.85, for a total value of $3,519,850.00.
• On Monday, August 3rd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.52, for a total value of $489,120.00.
• On Friday, July 31st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.27, for a total value of $493,620.00.
• On Wednesday, July 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.22, for a total transaction of $493,320.00.
• On Monday, July 27th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.88, for a total transaction of $473,280.00.
• On Monday, July 20th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.90, for a total transaction of $473,400.00.
• On Friday, July 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.13, for a total transaction of $474,780.00.

Block Stock Performance

NYSE XYZ opened at $82.73 on Friday. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a market capitalization of $49.24 billion, a PE ratio of 147.73, a P/E/G ratio of 0.95 and a beta of 2.53. The company’s 50 day simple moving average is $77.57 and its two-hundred day simple moving average is $68.57.

Block (NYSE:XYZ) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. The firm had revenue of $6.62 billion during the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $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. Analysts predict that Block, Inc. will post 2.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on XYZ. Jefferies Financial Group started coverage on Block in a report on Tuesday, June 30th. They issued a “hold” rating on the stock. Royal Bank Of Canada lifted their target price on shares of Block from $93.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Citigroup upped their price objective on shares of Block from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Rosenblatt Securities set a $100.00 target price on shares of Block in a research report on Tuesday, June 30th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Block currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.23.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in XYZ. Allstate Corp grew its holdings in Block by 91.9% in the 4th quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock worth $2,557,000 after acquiring an additional 18,812 shares during the last quarter. Moran Wealth Management LLC raised its position in Block by 37.3% during the 4th quarter. Moran Wealth Management LLC now owns 57,651 shares of the technology company’s stock valued at $3,753,000 after purchasing an additional 15,670 shares during the last quarter. National Pension Service lifted its holdings in Block by 8.4% in the 4th quarter. National Pension Service now owns 833,124 shares of the technology company’s stock worth $54,228,000 after buying an additional 64,674 shares during the period. Hsbc Holdings PLC lifted its holdings in Block by 7.2% in the 4th quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock worth $79,749,000 after buying an additional 82,446 shares during the period. Finally, Mawer Investment Management Ltd. bought a new stake in shares of Block in the 4th quarter worth approximately $3,062,000. 70.44% of the stock is owned by hedge funds and other 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.