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

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $74.33, for a total transaction of $445,980.00. Following the sale, the director owned 1,332,672 shares of the company’s stock, valued at approximately $99,057,509.76. The trade was a 0.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 Monday, September 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 stock was 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 stock was 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 shares were 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 shares were sold at an average price of $76.55, for a total value of $459,300.00.
• On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.36, for a total value 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.
• 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 transaction of $493,080.00.
• On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.51, for a total transaction of $495,060.00.

Block Stock Performance

Shares of XYZ traded up $0.50 during trading hours on Thursday, hitting $74.03. The company’s stock had a trading volume of 3,766,619 shares, compared to its average volume of 6,286,896. The company has a market cap of $44.48 billion, a price-to-earnings ratio of 132.20, a PEG ratio of 0.77 and a beta of 2.52. 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 business has a 50 day simple moving average of $79.90 and a two-hundred day simple moving average of $73.54. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $86.92.

Block (NYSE:XYZ) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.54. The company 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%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $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, equities analysts expect that Block, Inc. will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on XYZ. Piper Sandler increased their price objective on Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Craig Hallum initiated coverage on Block in a report on Tuesday, June 30th. They set a “buy” rating for the company. Argus upped their price target on Block from $86.00 to $103.00 and gave the company a “buy” rating in a research report on Friday, August 7th. BTIG Research reissued a “buy” rating and issued a $100.00 price target on shares of Block in a report on Friday, September 25th. Finally, Barclays assumed coverage on shares of Block in a research report on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 price objective for the company. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Block currently has an average rating of “Moderate Buy” and an average price target of $95.42.

Hedge Funds Weigh In On Block

Institutional investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. increased its position in shares of Block by 13.9% in the second quarter. QRG Capital Management Inc. now owns 122,158 shares of the technology company’s stock worth $9,284,000 after purchasing an additional 14,887 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Block by 10.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,901 shares of the technology company’s stock valued at $524,000 after purchasing an additional 676 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Block by 5.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 15,836 shares of the technology company’s stock worth $1,204,000 after buying an additional 857 shares in the last quarter. Engineers Gate Manager LP grew its stake in Block by 2,575.4% in the 2nd quarter. Engineers Gate Manager LP now owns 571,414 shares of the technology company’s stock worth $43,427,000 after buying an additional 550,056 shares in the last quarter. Finally, Cidel Asset Management Inc. bought a new position in shares of Block in the 2nd quarter worth $229,000. 70.44% of the stock is currently owned by institutional investors.

About Block

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.