Block (NYSE:XYZ) Director Sells 6,000 Shares

Block, Inc. (NYSE:XYZ) Director Anthony Mathew Eisen sold 6,000 shares of Block stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $82.58, for a total value of $495,480.00. Following the transaction, the director directly owned 1,458,672 shares in the company, valued at approximately $120,457,133.76. This trade represents a 0.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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, August 28th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $85.12, for a total value of $510,720.00.
• On Wednesday, August 26th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $82.00, for a total transaction of $492,000.00.
• On Monday, August 24th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $81.48, for a total transaction of $488,880.00.
• On Friday, August 21st, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $80.04, for a total transaction of $480,240.00.
• On Wednesday, August 19th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $79.55, for a total transaction of $477,300.00.
• On Monday, August 17th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The stock was sold at an average price of $81.63, for a total transaction of $489,780.00.
• 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 transaction 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 transaction of $471,720.00.
• On Monday, August 10th, Anthony Mathew Eisen sold 6,000 shares of Block stock. The shares were sold at an average price of $78.47, for a total transaction 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 transaction of $498,420.00.

Block Stock Performance

Shares of NYSE XYZ traded down $4.24 during midday trading on Tuesday, reaching $77.78. 5,156,538 shares of the company were exchanged, compared to its average volume of 6,575,973. The stock has a market cap of $46.73 billion, a P/E ratio of 138.89, a PEG ratio of 0.93 and a beta of 2.53. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $86.92. The stock has a fifty day simple moving average of $79.82 and a 200 day simple moving average of $70.35. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.48 by $0.54. Block had a return on equity of 8.10% and a net margin of 1.43%.The firm had revenue of $6.62 billion during the quarter. During the same period in the prior year, the company earned $0.62 earnings per share. The firm’s 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. On average, research analysts forecast that Block, Inc. will post 2.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group upped their price objective on shares of Block from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $97.00 target price on shares of Block in a report on Thursday, August 6th. Royal Bank Of Canada boosted their price target on shares of Block from $93.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Robert W. Baird set a $105.00 price target on shares of Block in a report on Thursday, August 6th. Finally, Canaccord Genuity Group raised their price objective 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 analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.84.

Hedge Funds Weigh In On Block

Large investors have recently made changes to their positions in the stock. Elevation Wealth Partners LLC boosted 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 in the last quarter. Global Assets Advisory LLC purchased a new position in Block in the first quarter valued at about $31,000. Cary Street Partners Investment Advisory LLC increased its holdings in 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 buying an additional 223 shares in the last quarter. Osbon Capital Management LLC acquired a new stake in shares of Block during the 4th quarter valued at approximately $43,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of Block during the 2nd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

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.