Block (NYSE:XYZ) Director Sells $492,000.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $82.00, for a total value of $492,000.00. Following the completion of the sale, the director owned 1,476,672 shares in the company, valued at $121,087,104. This represents a 0.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Monday, August 24th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.48, for a total value of $488,880.00.
• On Friday, August 21st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $80.04, for a total value of $480,240.00.
• On Wednesday, August 19th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.55, for a total value of $477,300.00.
• On Monday, August 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were 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 shares were 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 shares were sold at an average price of $78.47, for a total transaction 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 transaction of $498,420.00.
• On Wednesday, August 5th, Anthony Mathew Eisen sold 41,000 shares of Block stock. The shares were sold at an average price of $85.85, for a total transaction 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 transaction of $489,120.00.

Block Stock Down 1.5%

Shares of XYZ opened at $83.58 on Friday. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.92. The firm has a market cap of $50.21 billion, a P/E ratio of 149.25, a price-to-earnings-growth ratio of 0.93 and a beta of 2.53. The firm’s 50-day simple moving average is $79.64 and its 200 day simple moving average is $70.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21.

Block (NYSE:XYZ) last released its quarterly earnings results 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. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm had revenue of $6.62 billion for the quarter. During the same period in the prior year, the company earned $0.62 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. 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, analysts forecast that Block, Inc. will post 2.72 earnings per share for the current year.

Institutional Investors Weigh In On Block

Large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its position in shares of Block by 6,740.0% during the 2nd quarter. California State Teachers Retirement System now owns 54,852,088 shares of the technology company’s stock valued at $4,168,759,000 after acquiring an additional 54,050,161 shares during the period. BlackRock Inc. bought a new position in shares of Block in the second quarter worth $621,703,000. Capital World Investors increased its position in shares of Block by 41.8% in the fourth quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock worth $1,042,966,000 after purchasing an additional 4,727,217 shares during the period. Geode Capital Management LLC raised its stake in Block by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock valued at $934,121,000 after purchasing an additional 67,560 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in Block in the second quarter valued at about $535,305,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Analysts Set New Price Targets

XYZ has been the subject of several recent research reports. Craig Hallum assumed coverage on Block in a research note on Tuesday, June 30th. They issued a “buy” rating for the company. KeyCorp increased their price objective on Block from $105.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. UBS Group lifted their target price on Block from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Needham & Company LLC boosted their target price on shares of Block from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Barclays began coverage on shares of Block in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Block has a consensus rating of “Moderate Buy” and a consensus target price of $95.84.

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.