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

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $75.20, for a total value of $451,200.00. Following the sale, the director owned 1,344,672 shares of the company’s stock, valued at approximately $101,119,334.40. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 Friday, September 25th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.90, for a total value of $461,400.00.
• On Wednesday, September 23rd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.67, for a total value of $460,020.00.
• On Monday, September 21st, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $77.54, for a total value of $465,240.00.
• On Friday, September 18th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $76.55, for a total value of $459,300.00.
• On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.36, for a total transaction of $470,160.00.
• On Monday, September 14th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.96, for a total transaction of $473,760.00.
• On Thursday, September 10th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.39, for a total transaction 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 transaction 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 transaction of $495,060.00.
• On Wednesday, September 2nd, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $77.30, for a total transaction of $463,800.00.

Block Stock Down 4.1%

Shares of XYZ stock traded down $3.10 on Monday, reaching $73.32. 5,520,653 shares of the company were exchanged, compared to its average volume of 6,313,205. 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 company has a 50-day moving average of $80.22 and a 200-day moving average of $73.32. The company has a market cap of $44.05 billion, a price-to-earnings ratio of 130.93, a PEG ratio of 0.80 and a beta of 2.52. Block, Inc. has a one year low of $48.21 and a one year high of $86.92.

Block (NYSE:XYZ) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. The business had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Analysts anticipate that Block, Inc. will post 2.74 earnings per share for the current year.

Institutional Trading of Block

A number of institutional investors and hedge funds have recently modified their holdings of the business. QRG Capital Management Inc. increased its position 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 valued at $9,284,000 after acquiring an additional 14,887 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Block by 10.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,901 shares of the technology company’s stock worth $524,000 after purchasing an additional 676 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Block by 5.7% in the second quarter. Sequoia Financial Advisors LLC now owns 15,836 shares of the technology company’s stock worth $1,204,000 after purchasing an additional 857 shares during the last quarter. Engineers Gate Manager LP grew its stake in Block by 2,575.4% in the 2nd quarter. Engineers Gate Manager LP now owns 571,414 shares of the technology company’s stock valued at $43,427,000 after purchasing an additional 550,056 shares during the period. Finally, Cidel Asset Management Inc. bought a new position in Block in the 2nd quarter valued at $229,000. 70.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays initiated coverage on shares of Block in a research report on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 price target for the company. Royal Bank Of Canada upped their price objective on shares of Block from $93.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. The Goldman Sachs Group raised shares of Block from a “buy” rating to a “buy” rating in a research note on Tuesday, June 30th. Wolfe Research lifted their price objective on shares of Block from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Finally, Oppenheimer reissued an “outperform” rating and set a $97.00 target price on shares of Block in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.42.

About Block

Block, Inc is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.

Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.

Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure.