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 that occurred on Monday, August 17th. The shares were sold at an average price of $81.63, for a total value 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. This trade represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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 Friday, August 14th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was 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 shares were 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 value of $470,820.00.
• On Thursday, August 6th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was 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 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.
• 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 transaction of $493,320.00.
• On Monday, July 27th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.88, for a total transaction of $473,280.00.

Block Trading Up 1.8%

Shares of NYSE XYZ traded up $1.46 during midday trading on Wednesday, reaching $80.89. 3,395,119 shares of the stock were exchanged, compared to its average volume of 6,694,947. The company has a 50 day simple moving average of $77.99 and a 200 day simple moving average of $68.80. The stock has a market capitalization of $48.60 billion, a P/E ratio of 144.45, a PEG ratio of 0.93 and a beta of 2.53. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $86.75.

Block (NYSE:XYZ) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. The firm had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 earnings per share. 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 2.69 earnings per share for the current year.

Analysts Set New Price Targets

XYZ has been the subject of a number of research analyst reports. BMO Capital Markets increased their price target on Block from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Piper Sandler boosted their price objective on shares of Block from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Rosenblatt Securities set a $100.00 target price on shares of Block in a research report on Tuesday, June 30th. Keefe, Bruyette & Woods increased their target price on shares of Block from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, Canaccord Genuity Group lifted their price target on shares of Block from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Block currently has an average rating of “Moderate Buy” and an average target price of $95.23.

Institutional Investors Weigh In On Block

A number of institutional investors have recently modified their holdings of XYZ. Elevation Wealth Partners LLC lifted its stake in Block by 301.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 389 shares of the technology company’s stock worth $30,000 after acquiring an additional 292 shares in the last quarter. Rachor Investment Advisory Services LLC acquired a new position in Block in the 4th quarter valued at about $32,000. Global Assets Advisory LLC purchased a new stake in Block during the first quarter worth about $31,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Block by 57.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 610 shares of the technology company’s stock valued at $40,000 after purchasing an additional 223 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in shares of Block in the second quarter valued at approximately $43,000. 70.44% of the stock is owned by institutional investors and hedge funds.

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.