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 dated Monday, August 17th. The shares were sold at an average price of $81.63, for a total transaction of $489,780.00. Following the completion of the sale, the director owned 1,518,672 shares of the company’s stock, valued at $123,969,195.36. The trade was a 0.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 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 transaction of $477,300.00.
• 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 transaction 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 transaction 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 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 shares were sold at an average price of $85.85, for a total value 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 shares were 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 stock was sold at an average price of $78.88, for a total value of $473,280.00.

Block Price Performance

Shares of XYZ stock opened at $79.96 on Friday. The firm has a market cap of $48.04 billion, a price-to-earnings ratio of 142.79, a PEG ratio of 0.90 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 company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $78.49 and a 200 day moving average price of $69.07.

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 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 company had revenue of $6.62 billion for the quarter. During the same period last year, the business posted $0.62 EPS. The firm’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. Research analysts expect that Block, Inc. will post 2.69 EPS for the current year.

Hedge Funds Weigh In On Block

Institutional investors and hedge funds have recently modified their holdings of the business. Baird Financial Group Inc. acquired a new stake in Block during the 2nd quarter worth approximately $1,866,000. Brown Advisory Inc. acquired a new position in shares of Block in the second quarter valued at approximately $516,000. Jump Financial LLC acquired a new position in shares of Block in the second quarter valued at approximately $385,000. Federated Hermes Inc. bought a new stake in shares of Block during the second quarter worth $53,000. Finally, Cerity Partners LLC bought a new stake in shares of Block during the second quarter worth $1,861,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on XYZ. Weiss Ratings raised shares of Block from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Rosenblatt Securities set a $100.00 price target on Block in a research report on Tuesday, June 30th. Monness Crespi & Hardt upped their price objective on Block from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 7th. Argus increased their target price on Block from $86.00 to $103.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Truist Financial raised their target price on Block from $82.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Block currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.23.

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.