Block (NYSE:XYZ) Director Sells 6,000 Shares of Stock

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $79.55, for a total value of $477,300.00. Following the completion of the transaction, the director owned 1,506,672 shares in the company, valued at approximately $119,855,757.60. This trade represents a 0.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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, 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 value 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 value 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 value 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 transaction of $489,120.00.
• On Friday, July 31st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.27, for a total transaction of $493,620.00.
• On Wednesday, July 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $82.22, for a total transaction 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 transaction of $473,280.00.

Block Stock Up 1.8%

XYZ stock traded up $1.46 during mid-day trading on Wednesday, hitting $80.89. 3,395,119 shares of the company were exchanged, compared to its average volume of 6,694,947. The firm has a fifty day simple moving average of $77.99 and a 200 day simple moving average of $68.80. The company has a market capitalization of $48.60 billion, a PE ratio of 144.45, a price-to-earnings-growth ratio of 0.93 and a beta of 2.53. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.75. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last issued its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The business had revenue of $6.62 billion for the quarter. During the same quarter last year, the company posted $0.62 EPS. The business’s revenue for the quarter 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, research analysts forecast that Block, Inc. will post 2.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Block

Several institutional investors have recently made changes to their positions in the stock. New Mexico Educational Retirement Board raised its position in shares of Block by 8.4% during the 2nd quarter. New Mexico Educational Retirement Board now owns 27,200 shares of the technology company’s stock worth $2,067,000 after purchasing an additional 2,100 shares during the period. Kingsview Wealth Management LLC acquired a new position in Block during the 2nd quarter valued at approximately $5,111,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Block during the 2nd quarter valued at approximately $239,000. Empowered Funds LLC bought a new position in Block during the 2nd quarter worth $5,261,000. Finally, United Capital Financial Advisors LLC bought a new position in Block during the 2nd quarter worth $224,000. 70.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on XYZ shares. BTIG Research increased their target price on Block from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. TD Cowen boosted their price target on Block from $101.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, August 6th. UBS Group raised their price objective on Block from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. BMO Capital Markets lifted their price objective on shares of Block from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Finally, Rosenblatt Securities set a $100.00 target price on shares of Block in a research note on Tuesday, June 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.23.

About Block

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.