Insider Selling: Block (NYSE:XYZ) Director Sells 6,000 Shares

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $78.47, for a total transaction of $470,820.00. Following the completion of the transaction, the director owned 1,548,672 shares of the company’s stock, valued at $121,524,291.84. This trade represents a 0.39% decrease in their position. The transaction was disclosed in a document filed 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 Thursday, August 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was 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 stock was 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 value of $489,120.00.
• On Friday, July 31st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.27, for a total value of $493,620.00.
• On Wednesday, July 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.22, for a total value of $493,320.00.
• On Monday, July 27th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.88, for a total value of $473,280.00.
• On Monday, July 20th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.90, for a total value of $473,400.00.
• On Friday, July 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.13, for a total transaction of $474,780.00.
• On Monday, July 13th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.35, for a total transaction of $470,100.00.
• On Friday, July 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.91, for a total transaction of $473,460.00.

Block Stock Down 0.0%

Block stock traded down $0.02 during mid-day trading on Tuesday, reaching $78.96. The company’s stock had a trading volume of 3,516,074 shares, compared to its average volume of 6,801,350. The company has a market capitalization of $46.99 billion, a price-to-earnings ratio of 140.99, a price-to-earnings-growth ratio of 0.97 and a beta of 2.53. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $86.75. The business’s 50 day simple moving average is $76.77 and its 200 day simple moving average is $68.16. 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 issued its quarterly 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. 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 last year, the firm earned $0.62 earnings per share. The company’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. As a group, research analysts anticipate that Block, Inc. will post 2.48 earnings per share for the current year.

Hedge Funds Weigh In On Block

A number of hedge funds and other institutional investors have recently bought and sold shares of XYZ. Sound Income Strategies LLC raised its stake in Block by 57.1% in the fourth 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 period. Elevation Wealth Partners LLC boosted its stake in shares of Block by 301.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after acquiring an additional 292 shares during the period. Global Assets Advisory LLC bought a new position in shares of Block during the 1st quarter worth approximately $31,000. Rachor Investment Advisory Services LLC acquired a new position in shares of Block during the 4th quarter worth approximately $32,000. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in shares of Block by 57.6% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock worth $40,000 after acquiring an additional 223 shares during the last quarter. Institutional investors own 70.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays started coverage on Block in a research report on Tuesday, July 7th. They set an “overweight” rating and a $100.00 price target for the company. Oppenheimer reaffirmed an “outperform” rating and set a $97.00 price target on shares of Block in a research report on Thursday, August 6th. Jefferies Financial Group assumed coverage on Block in a research note on Tuesday, June 30th. They set a “hold” rating on the stock. Royal Bank Of Canada increased their price objective on Block from $93.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Block in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.88.

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.