Block, Inc. (NYSE:XYZ – Get Free Report) Director Anthony Mathew Eisen sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $81.52, for a total transaction of $489,120.00. Following the transaction, the director owned 1,613,672 shares of the company’s stock, valued at approximately $131,546,541.44. This trade represents a 0.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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, 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 transaction of $493,620.00.
- On Wednesday, July 29th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was 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 stock was sold at an average price of $78.88, for a total value of $473,280.00.
- On Monday, July 20th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.90, for a total value of $473,400.00.
- On Friday, July 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.13, for a total value of $474,780.00.
- On Monday, July 13th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.35, for a total value of $470,100.00.
- On Friday, July 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $78.91, for a total value of $473,460.00.
- On Wednesday, July 8th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $76.66, for a total value of $459,960.00.
- On Monday, July 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.77, for a total value of $472,620.00.
- On Thursday, July 2nd, Anthony Mathew Eisen sold 36,000 shares of Block stock. The shares were sold at an average price of $79.83, for a total value of $2,873,880.00.
Block Trading Up 0.9%
Block stock opened at $82.01 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a market cap of $48.81 billion, a PE ratio of 64.07, a price-to-earnings-growth ratio of 1.02 and a beta of 2.53. The stock has a 50-day moving average of $75.98 and a two-hundred day moving average of $67.58. Block, Inc. has a one year low of $48.21 and a one year high of $84.08.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Block in a research note on Tuesday, June 30th. They set a “hold” rating on the stock. Clear Str upgraded shares of Block to a “hold” rating in a research note on Thursday, July 16th. Wall Street Zen raised shares of Block from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Barclays assumed coverage on Block in a research report on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 target price on the stock. Finally, Morgan Stanley set a $90.00 target price on Block in a research note on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.40.
Read Our Latest Analysis on XYZ
Institutional Trading of Block
Several large investors have recently made changes to their positions in the business. Elevation Wealth Partners LLC lifted its position in Block by 301.0% during the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock valued at $30,000 after purchasing an additional 292 shares during the period. Sound Income Strategies LLC grew its position in Block by 57.1% during the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after purchasing an additional 161 shares during the period. Rachor Investment Advisory Services LLC purchased a new position in shares of Block during the 4th quarter valued at about $32,000. Global Assets Advisory LLC purchased a new position in shares of Block during the 1st quarter valued at about $31,000. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Block by 57.6% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after buying an additional 223 shares during the period. 70.44% of the stock is owned by hedge funds and other 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.
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