Block (NYSE:XYZ) Director Sells $445,440.00 in Stock

Block, Inc. (NYSE:XYZ) Director Anthony Eisen sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $74.24, for a total transaction of $445,440.00. Following the completion of the transaction, the director owned 1,314,672 shares of the company’s stock, valued at $97,601,249.28. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a legal 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, October 2nd, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 shares were sold at an average price of $74.33, for a total transaction of $445,980.00.
• On Monday, September 28th, Anthony Eisen sold 6,000 shares of Block stock. The stock was 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 stock was 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 transaction 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 transaction 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 transaction of $459,300.00.
• On Wednesday, September 16th, Anthony Eisen sold 6,000 shares of Block stock. The shares were 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 stock was sold at an average price of $78.96, for a total value 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 value of $470,340.00.

Block Stock Down 1.1%

NYSE:XYZ opened at $75.20 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $79.29 and a two-hundred day moving average price of $74.22. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.92. The stock has a market cap of $45.18 billion, a price-to-earnings ratio of 134.28, a PEG ratio of 0.80 and a beta of 2.55.

Block (NYSE:XYZ) last announced its earnings results on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping 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 firm had revenue of $6.62 billion for the quarter. During the same quarter last year, the business posted $0.62 earnings per share. The business’s quarterly revenue 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, equities analysts expect that Block, Inc. will post 2.74 earnings per share for the current year.

Institutional Investors Weigh In On Block

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Elevation Wealth Partners LLC increased its holdings in Block by 301.0% during the second quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after buying an additional 292 shares during the last quarter. Global Assets Advisory LLC bought a new stake in Block during the first quarter worth $31,000. Osbon Capital Management LLC acquired a new stake in Block in the fourth quarter valued at $43,000. Meeder Asset Management Inc. acquired a new stake in Block in the second quarter valued at $46,000. Finally, Reflection Asset Management bought a new position in shares of Block in the 4th quarter valued at about $50,000. Institutional investors own 70.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on XYZ shares. Susquehanna lifted their target price on Block from $90.00 to $100.00 and gave the company a “positive” rating in a research report on Thursday, August 6th. Scotiabank initiated coverage on shares of Block in a research report on Wednesday, September 2nd. They issued a “sector perform” rating and a $82.00 price objective on the stock. Piper Sandler increased their target price on shares of Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Jefferies Financial Group assumed coverage on shares of Block in a research report on Tuesday, June 30th. They issued a “hold” rating for the company. Finally, Canaccord Genuity Group boosted their price target on shares of Block from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Block presently has an average rating of “Moderate Buy” and a consensus price target of $95.45.

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.