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 stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $79.55, for a total transaction of $477,300.00. Following the completion of the sale, the director directly owned 1,506,672 shares in the company, valued at approximately $119,855,757.60. 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 available at 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 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 stock was 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 stock was 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 shares were sold at an average price of $82.22, for a total value of $493,320.00.
• On Monday, July 27th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.88, for a total value of $473,280.00.

Block Stock Performance

Shares of NYSE:XYZ traded up $1.46 on Wednesday, hitting $80.89. The company’s stock had a trading volume of 3,395,119 shares, compared to its average volume of 6,694,947. The company has a market capitalization of $48.60 billion, a price-to-earnings ratio of 144.45, a price-to-earnings-growth ratio of 0.93 and a beta of 2.53. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $86.75. The stock’s 50-day moving average is $77.99 and its two-hundred day moving average is $68.80.

Block (NYSE:XYZ) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share 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 net margin of 1.43% and a return on equity of 8.10%. Block’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior 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. On average, equities research analysts forecast that Block, Inc. will post 2.69 EPS for the current year.

Institutional Trading of Block

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allstate Corp increased its holdings in shares of Block by 91.9% in the 4th quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock valued at $2,557,000 after purchasing an additional 18,812 shares during the period. National Pension Service boosted its holdings in shares of Block by 8.4% during the fourth quarter. National Pension Service now owns 833,124 shares of the technology company’s stock worth $54,228,000 after purchasing an additional 64,674 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Block by 7.2% during the fourth quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock worth $79,749,000 after purchasing an additional 82,446 shares during the period. Mawer Investment Management Ltd. acquired a new position in Block in the 4th quarter valued at approximately $3,062,000. Finally, Osborne Partners Capital Management LLC lifted its position in Block by 11.0% in the 4th quarter. Osborne Partners Capital Management LLC now owns 230,146 shares of the technology company’s stock worth $14,980,000 after buying an additional 22,868 shares in the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. KeyCorp upped their price target on shares of Block from $105.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Truist Financial boosted their target price on Block from $82.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Piper Sandler upped their target price on Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Craig Hallum initiated coverage on Block in a research note on Tuesday, June 30th. They set a “buy” rating for the company. Finally, Zacks Research cut Block from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.23.

Block Company Profile

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.