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

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $80.04, for a total transaction of $480,240.00. Following the sale, the director directly owned 1,494,672 shares of the company’s stock, valued at approximately $119,633,546.88. This represents a 0.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 transaction of $488,880.00.
• On Wednesday, August 19th, Anthony Mathew 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 Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.63, for a total value 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 value of $497,220.00.
• On Wednesday, August 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was 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 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 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 transaction of $493,620.00.

Block Stock Down 1.0%

Shares of NYSE:XYZ traded down $0.79 on Monday, hitting $81.38. 4,068,129 shares of the company’s stock were exchanged, compared to its average volume of 4,955,299. The firm’s 50-day moving average is $78.89 and its 200 day moving average is $69.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market capitalization of $48.89 billion, a PE ratio of 145.31, a P/E/G ratio of 0.92 and a beta of 2.53. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.75.

Block (NYSE:XYZ) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The company had revenue of $6.62 billion for the quarter. During the same quarter in the prior year, the company earned $0.62 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Sell-side analysts predict that Block, Inc. will post 2.69 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on XYZ. Wall Street Zen raised Block from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. William Blair cut Block to a “market perform” rating in a report on Tuesday, June 30th. Morgan Stanley reiterated an “overweight” rating on shares of Block in a research note on Wednesday, August 5th. BTIG Research increased their target price on Block from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, UBS Group raised their price target on shares of Block from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Three equities research 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. Based on data from MarketBeat, Block presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.23.

Institutional Trading of Block

A number of hedge funds have recently modified their holdings of the business. Baird Financial Group Inc. acquired a new stake in Block during the 2nd quarter worth about $1,866,000. Brown Advisory Inc. bought a new stake in Block in the 2nd quarter valued at $516,000. Jump Financial LLC bought a new stake in shares of Block during the second quarter valued at approximately $385,000. Federated Hermes Inc. acquired a new position in shares of Block in the 2nd quarter valued at $53,000. Finally, Cerity Partners LLC bought a new position in Block during the second quarter worth about $1,861,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

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.