Block (NYSE:XYZ) Director Sells $444,060.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $74.01, for a total transaction of $444,060.00. Following the completion of the transaction, the director directly owned 1,940,672 shares of the company’s stock, valued at approximately $143,629,134.72. This trade represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 Monday, June 22nd, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.28, for a total transaction of $445,680.00.
• On Wednesday, June 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.10, for a total transaction of $444,600.00.
• On Monday, June 15th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $72.26, for a total transaction of $433,560.00.
• On Friday, June 12th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $69.78, for a total transaction of $418,680.00.
• On Wednesday, June 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $66.64, for a total transaction of $399,840.00.
• On Monday, June 8th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $68.22, for a total transaction of $409,320.00.
• On Thursday, June 4th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $70.84, for a total transaction of $425,040.00.
• On Monday, June 1st, Anthony Mathew Eisen sold 135,750 shares of Block stock. The shares were sold at an average price of $76.81, for a total transaction of $10,426,957.50.

Block Trading Up 4.9%

XYZ opened at $77.70 on Friday. The stock has a 50-day moving average of $71.56 and a 200 day moving average of $65.13. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $82.50. The firm has a market cap of $46.25 billion, a P/E ratio of 60.70, a P/E/G ratio of 0.96 and a beta of 2.56.

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

Analyst Ratings Changes

XYZ has been the subject of a number of analyst reports. HSBC upgraded 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 report on Tuesday, March 3rd. Truist Financial increased their target price on shares of Block from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Bank of America lowered their target price on shares of Block from $85.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Arete Research raised shares of Block from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Block from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Four analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.42.

Hedge Funds Weigh In On Block

Hedge funds have recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC purchased a new stake in Block in the third quarter worth $28,000. Sound Income Strategies LLC boosted its stake in shares of Block by 57.1% during the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock valued at $29,000 after purchasing an additional 161 shares during the period. Global Assets Advisory LLC purchased a new stake in shares of Block during the first quarter valued at $31,000. Rachor Investment Advisory Services LLC bought a new position in shares of Block in the fourth quarter worth about $32,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Block by 59.0% in the third quarter. EverSource Wealth Advisors LLC now owns 528 shares of the technology company’s stock worth $38,000 after purchasing an additional 196 shares during the last quarter. Institutional investors own 70.44% of the company’s stock.

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.