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

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $77.30, for a total transaction of $463,800.00. Following the transaction, the director directly owned 1,446,672 shares in the company, valued at $111,827,745.60. The trade was a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 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 value of $495,060.00.
• On Monday, August 31st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.58, for a total value of $495,480.00.
• On Friday, August 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $85.12, for a total value of $510,720.00.
• On Wednesday, August 26th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.00, for a total value of $492,000.00.
• On Monday, August 24th, Anthony 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 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 Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.55, for a total value of $477,300.00.
• On Monday, August 17th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.63, for a total transaction of $489,780.00.
• On Friday, August 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.87, for a total transaction of $497,220.00.
• On Wednesday, August 12th, Anthony 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.

Block Stock Performance

NYSE:XYZ traded down $0.54 during midday trading on Friday, reaching $82.83. The stock had a trading volume of 2,456,441 shares, compared to its average volume of 6,528,855. Block, Inc. has a 1-year low of $48.21 and a 1-year high of $86.92. The firm’s fifty day simple moving average is $80.25 and its 200-day simple moving average is $70.99. 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 stock has a market capitalization of $49.76 billion, a P/E ratio of 147.91, a PEG ratio of 0.87 and a beta of 2.52.

Block (NYSE:XYZ) last announced its earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.48 by $0.54. The firm 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 was up 9.3% compared to the same quarter last year. During the same quarter last year, the business 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 research analysts forecast that Block, Inc. will post 2.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on XYZ shares. William Blair cut Block to a “market perform” rating in a research report on Tuesday, June 30th. Susquehanna upped their target price on shares of Block from $90.00 to $100.00 and gave the company a “positive” rating in a research note on Thursday, August 6th. Scotiabank assumed coverage on shares of Block in a report on Wednesday. They issued a “sector perform” rating and a $82.00 price target for the company. Citigroup raised their price target on shares of Block from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Finally, Zacks Research lowered shares of Block from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.42.

Hedge Funds Weigh In On Block

A number of hedge funds and other institutional investors have recently made changes to their positions in XYZ. Elevation Wealth Partners LLC increased its stake in Block by 301.0% in the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after acquiring an additional 292 shares during the period. Global Assets Advisory LLC acquired a new stake in Block during the first quarter valued at approximately $31,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of Block by 57.6% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after purchasing an additional 223 shares during the period. Osbon Capital Management LLC acquired a new position in shares of Block in the 4th quarter worth approximately $43,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Block in the 2nd quarter worth approximately $43,000. 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.