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 company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $82.00, for a total value of $492,000.00. Following the completion of the transaction, the director directly owned 1,476,672 shares of the company’s stock, valued at approximately $121,087,104. This trade represents a 0.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Monday, August 24th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.48, for a total value of $488,880.00.
• On Friday, August 21st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $80.04, for a total value of $480,240.00.
• On Wednesday, August 19th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.55, for a total value of $477,300.00.
• On Monday, August 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.63, for a total transaction of $489,780.00.
• 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 transaction of $497,220.00.
• On Wednesday, August 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.62, for a total transaction of $471,720.00.
• On Monday, August 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.47, for a total transaction of $470,820.00.
• On Thursday, August 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were 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 stock was 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.

Block Price Performance

NYSE XYZ traded up $1.79 during trading on Thursday, hitting $84.89. 5,762,170 shares of the stock traded hands, compared to its average volume of 6,606,480. The company has a market capitalization of $51.00 billion, a P/E ratio of 151.59, a price-to-earnings-growth ratio of 0.92 and a beta of 2.53. The firm has a 50-day simple moving average of $79.26 and a 200-day simple moving average of $69.79. The company has a quick ratio of 2.21, a current 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.

Block (NYSE:XYZ) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.54. The business had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.The firm’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the company 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. As a group, analysts predict that Block, Inc. will post 2.69 EPS for the current year.

Institutional Trading of Block

A number of institutional investors have recently bought and sold shares of XYZ. California State Teachers Retirement System raised its stake in shares of Block by 6,740.0% in the second quarter. California State Teachers Retirement System now owns 54,852,088 shares of the technology company’s stock valued at $4,168,759,000 after acquiring an additional 54,050,161 shares during the period. BlackRock Inc. purchased a new position in shares of Block during the 2nd quarter worth about $621,703,000. Capital World Investors grew its holdings in Block by 41.8% during the 4th quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock valued at $1,042,966,000 after purchasing an additional 4,727,217 shares during the last quarter. Geode Capital Management LLC grew its holdings in Block by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock valued at $934,121,000 after purchasing an additional 67,560 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in Block in the 2nd quarter worth about $535,305,000. 70.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on XYZ. Morgan Stanley reiterated an “overweight” rating on shares of Block in a research report on Wednesday, August 5th. Piper Sandler boosted their target price on shares of Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Block from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Needham & Company LLC increased their price target on shares of Block from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, BMO Capital Markets lifted their price target on Block from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.84.

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.