Block (NYSE:XYZ) Director Sells $461,820.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of Block stock in a transaction on Monday, October 12th. The stock was sold at an average price of $76.97, for a total transaction of $461,820.00. Following the completion of the transaction, the director owned 1,284,672 shares in the company, valued at approximately $98,881,203.84. The trade was a 0.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Wednesday, October 14th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.70, for a total transaction of $454,200.00.
• On Friday, October 9th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.75, for a total transaction of $454,500.00.
• On Wednesday, October 7th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $75.35, for a total transaction of $452,100.00.
• On Monday, October 5th, Anthony Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $74.24, for a total value of $445,440.00.
• On Friday, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $75.61, for a total value of $453,660.00.
• On Wednesday, September 30th, Anthony Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $74.33, for a total value of $445,980.00.
• 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 value of $451,200.00.
• 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 shares were 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 shares were sold at an average price of $77.54, for a total value of $465,240.00.

Block Price Performance

XYZ opened at $77.88 on Friday. The stock’s 50 day simple moving average is $78.77 and its 200 day simple moving average is $74.88. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.21 and a quick ratio of 2.21. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.92. The firm has a market cap of $46.79 billion, a price-to-earnings ratio of 139.07, a PEG ratio of 0.83 and a beta of 2.55.

Block (NYSE:XYZ) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%. The business had revenue of $6.62 billion for the quarter. During the same period last year, the firm earned $0.62 earnings per share. Block’s revenue for the quarter was up 9.3% on a year-over-year basis. 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, analysts predict that Block, Inc. will post 2.74 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of Block in a research note on Friday, September 25th. Clear Str raised shares of Block to a “hold” rating in a research report on Thursday, July 16th. Canaccord Genuity Group raised their price target on shares of Block from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. TD Cowen boosted their price objective on shares of Block from $101.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $95.00 price objective on shares of Block in a research report on Friday, September 25th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Block has an average rating of “Moderate Buy” and a consensus target price of $95.39.

Institutional Investors Weigh In On Block

Large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Block during the second quarter valued at approximately $621,703,000. Contour Asset Management LLC boosted its holdings in Block by 30.4% in the fourth quarter. Contour Asset Management LLC now owns 4,666,891 shares of the technology company’s stock valued at $303,768,000 after acquiring an additional 1,088,299 shares in the last quarter. Hyperion Asset Management Ltd boosted its holdings in Block by 6.9% in the second quarter. Hyperion Asset Management Ltd now owns 2,682,854 shares of the technology company’s stock valued at $203,897,000 after acquiring an additional 172,848 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Block by 528.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock valued at $199,153,000 after acquiring an additional 2,782,523 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Block by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,147,988 shares of the technology company’s stock valued at $189,353,000 after purchasing an additional 39,112 shares during the period. 70.44% of the stock is currently owned by institutional investors.

Block Company Profile

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.