Block (NYSE:XYZ) Director Sells $461,400.00 in Stock

Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Eisen sold 6,000 shares of the company’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $76.90, for a total value of $461,400.00. Following the completion of the transaction, the director owned 1,350,672 shares of the company’s stock, valued at $103,866,676.80. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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, September 28th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.20, for a total transaction of $451,200.00.
  • On Wednesday, September 23rd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.67, for a total transaction of $460,020.00.
  • On Monday, September 21st, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $77.54, for a total transaction of $465,240.00.
  • On Friday, September 18th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.55, for a total transaction of $459,300.00.
  • On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.36, for a total value of $470,160.00.
  • On Monday, September 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.96, for a total value of $473,760.00.
  • On Thursday, September 10th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.39, for a total value of $470,340.00.
  • On Tuesday, September 8th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.18, for a total value of $493,080.00.
  • On Friday, September 4th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.51, for a total value of $495,060.00.
  • On Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.30, for a total transaction of $463,800.00.

Block Trading Down 0.5%

Shares of Block stock opened at $73.69 on Thursday. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $86.92. The stock has a market capitalization of $44.27 billion, a P/E ratio of 131.59, a price-to-earnings-growth ratio of 0.77 and a beta of 2.52. The company has a 50-day simple moving average of $79.90 and a 200 day simple moving average of $73.54. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping 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 posted $0.62 earnings per share. Block’s quarterly 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. Research analysts expect that Block, Inc. will post 2.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. BTIG Research reiterated a “buy” rating and issued a $100.00 price objective on shares of Block in a research report on Friday, September 25th. Scotiabank started coverage on Block in a report on Wednesday, September 2nd. They set a “sector perform” rating and a $82.00 target price on the stock. Royal Bank Of Canada raised their target price on Block from $93.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Monness Crespi & Hardt lifted their price target on Block from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Craig Hallum started coverage on shares of Block in a research report on Tuesday, June 30th. They set a “buy” rating on the stock. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

Read Our Latest Report on XYZ

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in XYZ. QRG Capital Management Inc. grew its stake in shares of Block by 13.9% during the second quarter. QRG Capital Management Inc. now owns 122,158 shares of the technology company’s stock worth $9,284,000 after purchasing an additional 14,887 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in Block by 10.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,901 shares of the technology company’s stock valued at $524,000 after buying an additional 676 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Block by 5.7% during the second quarter. Sequoia Financial Advisors LLC now owns 15,836 shares of the technology company’s stock worth $1,204,000 after buying an additional 857 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in Block by 2,575.4% during the second quarter. Engineers Gate Manager LP now owns 571,414 shares of the technology company’s stock worth $43,427,000 after buying an additional 550,056 shares during the last quarter. Finally, Cidel Asset Management Inc. acquired a new position in shares of Block during the 2nd quarter worth about $229,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Block Company Profile

(Get Free Report)

Block, Inc (NYSE:XYZ), formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.

Block’s Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.

See Also

Insider Buying and Selling by Quarter for Block (NYSE:XYZ)

Receive News & Ratings for Block Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Block and related companies with MarketBeat.com's FREE daily email newsletter.