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

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $78.39, for a total value of $470,340.00. Following the sale, the director directly owned 1,416,672 shares of the company’s stock, valued at $111,052,918.08. This represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 Tuesday, September 8th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.18, for a total value of $493,080.00.
• On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.51, for a total value of $495,060.00.
• On Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.30, for a total value of $463,800.00.
• On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.58, for a total value of $495,480.00.
• On Friday, August 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $85.12, for a total transaction of $510,720.00.
• On Wednesday, August 26th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.00, for a total transaction of $492,000.00.
• On Monday, August 24th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.48, for a total transaction of $488,880.00.
• On Friday, August 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $80.04, for a total transaction of $480,240.00.
• On Wednesday, August 19th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.55, for a total transaction of $477,300.00.
• On Monday, August 17th, Anthony 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.

Block Price Performance

Shares of XYZ stock opened at $79.25 on Friday. The company has a market capitalization of $47.61 billion, a P/E ratio of 141.52, a P/E/G ratio of 0.83 and a beta of 2.52. The company’s 50-day simple moving average is $80.59 and its two-hundred day simple moving average is $72.06. Block, Inc. has a one year low of $48.21 and a one year high of $86.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21.

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 the consensus estimate 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 business’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior 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. As a group, equities analysts anticipate that Block, Inc. will post 2.74 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Oppenheimer restated an “outperform” rating and set a $97.00 price target on shares of Block in a research note on Thursday, August 6th. Citigroup increased their target price on shares of Block from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Rosenblatt Securities set a $100.00 target price on shares of Block in a research report on Tuesday, June 30th. Jefferies Financial Group assumed coverage on shares of Block in a report on Tuesday, June 30th. They issued a “hold” rating for the company. Finally, Scotiabank started coverage on shares of Block in a research report on Wednesday, September 2nd. They issued a “sector perform” rating and a $82.00 price target for the company. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

Institutional Investors Weigh In On Block

Institutional investors have recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC raised its holdings in Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after purchasing an additional 292 shares in the last quarter. Global Assets Advisory LLC bought a new stake in shares of Block in the 1st quarter valued at about $31,000. Cary Street Partners Investment Advisory LLC grew its position in shares of Block by 57.6% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock worth $40,000 after buying an additional 223 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of Block during the 2nd quarter worth approximately $43,000. Finally, Osbon Capital Management LLC purchased a new stake in Block during the fourth quarter valued at approximately $43,000. Institutional investors own 70.44% of the company’s stock.

Block Company Profile

Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.

Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.

Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.