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 company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $66.64, for a total value of $399,840.00. Following the transaction, the director directly owned 1,990,990 shares in the company, valued at $132,679,573.60. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 Monday, June 8th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $68.22, for a total value of $409,320.00.
• On Thursday, June 4th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $70.84, for a total value of $425,040.00.
• On Monday, June 1st, Anthony Mathew Eisen sold 135,750 shares of Block stock. The shares were sold at an average price of $76.81, for a total value of $10,426,957.50.

Block Trading Up 0.6%

Shares of NYSE:XYZ opened at $69.49 on Friday. The business’s 50-day moving average is $69.20 and its 200 day moving average is $64.35. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $82.50. The firm has a market capitalization of $41.36 billion, a P/E ratio of 54.29, a P/E/G ratio of 0.90 and a beta of 2.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99.

Block (NYSE:XYZ) last announced its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.55. Block had a return on equity of 7.02% and a net margin of 3.30%.The company had revenue of $6.06 billion for the quarter. During the same period in the prior year, the company earned $0.56 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. On average, research analysts predict that Block, Inc. will post 2.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Block by 23.1% in the third quarter. Vanguard Group Inc. now owns 67,626,485 shares of the technology company’s stock valued at $4,887,366,000 after purchasing an additional 12,709,824 shares during the period. Capital World Investors boosted its stake in shares of Block by 41.8% in the fourth quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock worth $1,042,966,000 after buying an additional 4,727,217 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Block by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 14,406,899 shares of the technology company’s stock worth $934,121,000 after buying an additional 67,560 shares during the last quarter. Sands Capital Management LLC boosted its stake in shares of Block by 12.2% in the third quarter. Sands Capital Management LLC now owns 11,603,057 shares of the technology company’s stock worth $838,553,000 after buying an additional 1,262,317 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Block in the second quarter worth about $535,305,000. 70.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XYZ has been the topic of several recent analyst reports. BTIG Research reaffirmed a “buy” rating and set a $90.00 target price on shares of Block in a research report on Friday, May 8th. Weiss Ratings raised Block from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. Wall Street Zen raised Block from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Canaccord Genuity Group increased their price objective on Block from $80.00 to $85.00 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, Piper Sandler increased their price objective on Block from $51.00 to $58.00 and gave the company an “underweight” rating in a report on Friday, May 8th. Four analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.42.

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.