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 stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $68.22, for a total value of $409,320.00. Following the completion of the sale, the director directly owned 2,002,990 shares of the company’s stock, valued at approximately $136,643,977.80. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through 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 Thursday, June 4th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $70.84, for a total value of $425,040.00.
• On Monday, June 1st, Anthony Mathew Eisen sold 135,750 shares of Block stock. The stock was sold at an average price of $76.81, for a total value of $10,426,957.50.

Block Stock Down 2.2%

XYZ opened at $68.35 on Wednesday. Block, Inc. has a fifty-two week low of $48.21 and a fifty-two week high of $82.50. The business has a 50-day moving average of $68.62 and a 200-day moving average of $64.22. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99. The company has a market capitalization of $40.68 billion, a PE ratio of 53.40, a price-to-earnings-growth ratio of 0.91 and a beta of 2.56.

Block (NYSE:XYZ) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The company had revenue of $6.06 billion during the quarter. During the same period last year, the business earned $0.56 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Equities research analysts forecast that Block, Inc. will post 2.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Zacks Research downgraded Block from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Piper Sandler raised their price target on Block from $51.00 to $58.00 and gave the stock an “underweight” rating in a research note on Friday, May 8th. Bank of America cut their price target on Block from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. HSBC raised Block from a “hold” rating to a “buy” rating and raised their price target for the stock from $70.00 to $77.00 in a research note on Tuesday, March 3rd. Finally, BMO Capital Markets began coverage on Block in a research note on Tuesday, April 21st. They issued a “market perform” rating and a $74.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Block currently has a consensus rating of “Moderate Buy” and an average target price of $85.42.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC acquired a new stake in Block in the 3rd quarter valued at approximately $28,000. Sound Income Strategies LLC grew its holdings in Block by 57.1% in the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock valued at $29,000 after buying an additional 161 shares during the last quarter. Rachor Investment Advisory Services LLC acquired a new stake in Block in the 4th quarter valued at approximately $32,000. Rothschild Investment LLC grew its holdings in Block by 59.7% in the 3rd quarter. Rothschild Investment LLC now owns 495 shares of the technology company’s stock valued at $36,000 after buying an additional 185 shares during the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in Block in the 1st quarter valued at approximately $31,000. 70.44% of the stock is owned by institutional investors.

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.