Block (NYSE:XYZ) Director Sells $453,660.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $75.61, for a total transaction of $453,660.00. Following the completion of the sale, the director owned 1,320,672 shares of the company’s stock, valued at approximately $99,856,009.92. This represents a 0.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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, 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 value of $445,440.00.
• 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.
• On Friday, September 25th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.90, for a total value of $461,400.00.
• On Wednesday, September 23rd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.67, for a total value of $460,020.00.
• On Monday, September 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.54, for a total value of $465,240.00.
• On Friday, September 18th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.55, for a total transaction of $459,300.00.
• On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.36, for a total transaction of $470,160.00.
• On Monday, September 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.96, for a total value of $473,760.00.
• On Thursday, September 10th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.39, for a total value of $470,340.00.

Block Stock Down 1.1%

XYZ stock opened at $75.20 on Friday. 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 $45.18 billion, a P/E ratio of 134.28, a P/E/G ratio of 0.80 and a beta of 2.55. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $86.92. The business has a 50-day moving average of $79.29 and a 200-day moving average of $74.22.

Block (NYSE:XYZ) last announced its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business 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. On average, sell-side analysts anticipate that Block, Inc. will post 2.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. UBS Group increased their target price on shares of Block from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. TD Cowen boosted their price target on shares of Block from $101.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Oppenheimer restated an “outperform” rating and set a $97.00 price objective on shares of Block in a research note on Thursday, August 6th. Scotiabank assumed coverage on Block in a report on Wednesday, September 2nd. They issued a “sector perform” rating and a $82.00 price objective for the company. Finally, BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of Block in a research report on Friday, September 25th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.45.

Hedge Funds Weigh In On Block

A number of hedge funds have recently added to or reduced their stakes in XYZ. GAMMA Investing LLC raised its holdings in Block by 9.7% in the 3rd quarter. GAMMA Investing LLC now owns 13,846 shares of the technology company’s stock valued at $1,018,000 after acquiring an additional 1,228 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Block by 40.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,032 shares of the technology company’s stock worth $885,000 after purchasing an additional 3,453 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of Block by 44.4% in the third quarter. CoreCap Advisors LLC now owns 1,626 shares of the technology company’s stock worth $120,000 after purchasing an additional 500 shares during the period. Everhart Financial Group Inc. increased its position in shares of Block by 21.0% in the third quarter. Everhart Financial Group Inc. now owns 6,165 shares of the technology company’s stock worth $453,000 after purchasing an additional 1,071 shares during the period. Finally, Valeo Financial Advisors LLC increased its stake in Block by 11.0% in the third quarter. Valeo Financial Advisors LLC now owns 3,466 shares of the technology company’s stock valued at $255,000 after acquiring an additional 344 shares during the last quarter. Institutional investors own 70.44% of the company’s stock.

Block Company Profile

Block, Inc (NYSE:XYZ), formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.

Block’s Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.