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

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $81.48, for a total value of $488,880.00. Following the transaction, the director directly owned 1,488,672 shares of the company’s stock, valued at approximately $121,296,994.56. This trade represents a 0.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, August 21st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.04, for a total value of $480,240.00.
• On Wednesday, August 19th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $79.55, for a total value of $477,300.00.
• On Monday, August 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was 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 stock was sold at an average price of $78.47, for a total transaction 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 transaction of $498,420.00.
• On Wednesday, August 5th, Anthony Mathew Eisen sold 41,000 shares of Block stock. The shares were 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 shares were 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.

Block Trading Up 1.7%

Shares of NYSE XYZ opened at $82.73 on Wednesday. The firm’s 50 day moving average price is $79.05 and its 200-day moving average price is $69.58. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $86.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market cap of $49.70 billion, a PE ratio of 147.72, a P/E/G ratio of 0.91 and a beta of 2.53.

Block (NYSE:XYZ) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.54. The company had revenue of $6.62 billion during the quarter. Block had a net margin of 1.43% and a return on equity of 8.10%. Block’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the business earned $0.62 EPS. 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, equities research analysts expect that Block, Inc. will post 2.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on XYZ shares. Susquehanna lifted their target price on Block from $90.00 to $100.00 and gave the stock a “positive” rating in a report on Thursday, August 6th. Jefferies Financial Group started coverage on Block in a report on Tuesday, June 30th. They set a “hold” rating on the stock. Wall Street Zen raised Block from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research downgraded Block from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft raised Block to a “buy” rating in a research report on Tuesday, June 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.84.

Institutional Trading of Block

Several large investors have recently added to or reduced their stakes in the business. Allstate Corp lifted its position in shares of Block by 91.9% in the fourth quarter. Allstate Corp now owns 39,281 shares of the technology company’s stock worth $2,557,000 after buying an additional 18,812 shares in the last quarter. National Pension Service grew its holdings in Block by 8.4% during the 4th quarter. National Pension Service now owns 833,124 shares of the technology company’s stock valued at $54,228,000 after buying an additional 64,674 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Block by 7.2% during the 4th quarter. Hsbc Holdings PLC now owns 1,223,824 shares of the technology company’s stock valued at $79,749,000 after buying an additional 82,446 shares in the last quarter. Mawer Investment Management Ltd. bought a new stake in Block in the 4th quarter worth approximately $3,062,000. Finally, Eurizon Asset Management Hungary Ltd. bought a new stake in Block in the 4th quarter worth approximately $976,000. 70.44% of the stock is currently owned by institutional investors.

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.