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 Block stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $75.76, for a total transaction of $454,560.00. Following the sale, the director owned 1,224,672 shares of the company’s stock, valued at approximately $92,781,150.72. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 Friday, October 23rd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $77.84, for a total value of $467,040.00.
• On Wednesday, October 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.07, for a total transaction of $474,420.00.
• On Monday, October 19th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.58, for a total transaction of $471,480.00.
• On Friday, October 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.43, for a total value of $482,580.00.
• On Wednesday, October 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.70, for a total value of $454,200.00.
• On Monday, October 12th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.97, for a total transaction of $461,820.00.
• On Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.75, for a total value of $454,500.00.
• On Wednesday, October 7th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.35, for a total value of $452,100.00.
• On Monday, October 5th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.24, for a total transaction of $445,440.00.
• On Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.61, for a total transaction of $453,660.00.

Block Stock Up 0.5%

Shares of XYZ opened at $74.93 on Wednesday. The stock’s fifty day simple moving average is $78.24 and its 200 day simple moving average is $70.99. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.92.

Block (NYSE:XYZ) last released its quarterly earnings data 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. During the same quarter in the prior year, the company earned $0.62 earnings per share. Block’s quarterly revenue 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. On average, sell-side analysts predict that Block, Inc. will post 2.74 earnings per share for the current year.

Institutional Trading of Block

A number of hedge funds and other institutional investors have recently made changes to their positions in XYZ. Ashton Thomas Securities LLC increased its holdings in shares of Block by 2.8% in the third quarter. Ashton Thomas Securities LLC now owns 5,885 shares of the technology company’s stock valued at $433,000 after buying an additional 160 shares in the last quarter. Park Avenue Securities LLC boosted its position in Block by 5.6% during the 3rd quarter. Park Avenue Securities LLC now owns 13,512 shares of the technology company’s stock worth $994,000 after acquiring an additional 721 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of Block during the third quarter worth approximately $247,000. Simplicity Wealth LLC boosted its holdings in shares of Block by 16.0% during the third quarter. Simplicity Wealth LLC now owns 4,694 shares of the technology company’s stock worth $345,000 after purchasing an additional 646 shares during the period. Finally, Gibbs Wealth Management grew its position in Block by 20.7% during the third quarter. Gibbs Wealth Management now owns 11,753 shares of the technology company’s stock valued at $864,000 after purchasing an additional 2,019 shares in the last quarter. 70.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XYZ has been the topic of a number of recent research reports. Needham & Company LLC boosted their target price on shares of Block from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. KeyCorp increased their target price on Block from $105.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. TD Cowen lifted their price target on shares of Block from $101.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings upgraded Block from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $95.00 target price on shares of Block in a research report on Friday, September 25th. Three research 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 company. Based on data from MarketBeat, Block presently has a consensus rating of “Moderate Buy” and an average target price of $95.61.

Block Company Profile

Block, Inc is a financial technology company that provides payments, commerce, and financial services through an ecosystem of business and consumer products. Formerly known as Square, the company was co-founded by Jack Dorsey and Jim McKelvey and changed its corporate name to Block in 2021.

Its Square ecosystem serves businesses with point-of-sale hardware, payment processing, invoicing, payroll, inventory management, customer engagement, online commerce, and other software tools. Block also offers lending and other financial services to eligible business customers through Square-related products.

For consumers, Block operates Cash App, a mobile financial services platform that supports services such as peer-to-peer payments, money transfers, a Cash App Card, direct deposit, investing, and bitcoin transactions, subject to product and geographic availability.